Tag: wepay | Page 2 | Infinicept

WePay and Chase Partnership; First Data and BluePay Acquisition Finalized and Airbnb Launches Split Payments: News Roundup

WePay officially becomes a Chase company while First Data and Bluepay solidify their partnership as well.

Square empowers growing restaurants and Airbnb simplifies split payments.

Here’s your weekly news roundup!

WePay on Chase Acquisition: “The Same, Only Better”

As WePay Chief Strategy Officer Rich Aberman sees it, there are two primary types of acquisition plays in the payments industry.

First, there’s the kind where one payments company buys another payments company and rolls it into an existing business, for the boost in revenue or transaction volume.

Then, there’s what Chase is doing with its plans to buy WePay.

Merchant Services Giant Chase to Acquire Leading PF WePay

JPMorgan Chase & Co. plans to acquire payments platform and leading payment facilitator WePay.

Social KYC: Ignore It At Your Own Risk

Payment facilitators have many tools at their disposal to help them understand the risk of taking on a particular merchant’s business during underwriting. In many cases, though, the tools rely on information provided by the merchants themselves.

To validate that information merchants have provided, however, PFs have a vast resource for fishing out the true nature of the merchant’s business and the identities of the people involved.