Category: Expert Perspectives | Page 4

Payment Security: The Developer’s Duty

Merchants want ease of use. Customers want mobile. Everyone wants security.

Fraud Protection Partnership: Five Critical Questions Payment Facilitators Should Be Asking

Fraud is something you never think about until it happens. Unfortunately, millions of people are finding out first hand just how frustrating the whole experience can be.

What a Dream: PF Dream Payments Chooses Flexibility

For Toronto-based fintech provider and payment facilitator Dream Payments, being a PF is about having the flexibility to serve its customers and partners.

Choose Wisely: 3 Things to Look for in a Provider

Payment facilitators enable a more seamless merchant experience when it comes to payment acceptance. This is what you do for your customers. But what are some of the steps that you need to take to grow and strengthen your own bottom line?

Is Frictionless Onboarding Too Risky?

With frictionless underwriting, it’s easy to sign up for merchant accounts in seconds. If that’s the case, what’s to keep bad actors from signing up for multiple accounts, with multiple service providers?

In the latest in our series of industry perspectives on frictionless onboarding, we talk to Danny Klein, the COO of cyber risk intelligence provider EverCompliant, about how risk has evolved along with the practice.

Q&A: The Risks and Benefits of Frictionless Underwriting

The advent of frictionless underwriting turned the payments world on its head. The ability to onboard merchants quickly with a minimum of fuss has enabled small merchants to accept payments more easily, clearing the way for many more to enter the market.

But the practice does have its downside. Lowering barriers to entry into the payments system lowers them for everyone, not just the good guys. With that in mind, PaymentFacilitator.com is beginning a series on the perils and the benefits of frictionless underwriting.

MINDBODY Makes Wellness Easy for Consumers, Businesses

Among fintech companies, there is often a common thread. Many began with the needs of a vertical in mind. Then they create a solution from the ground up that meets those needs.

Usually, however, the people who develop software for these companies are already programmers.

Not so with Mindbody, the software company that caters to health, beauty and wellness businesses.

A Payment Facilitator’s Guide to Staying Out of Regulatory Crosshairs

The Federal Trade Commission (FTC) and the Consumer Financial Protection Bureau (CFPB) have increasingly targeted actors in the payments industry—including processors and independent sales organizations (ISOs)—for allowing “bad” merchants into, or to remain in, the payments ecosystem.

Indeed, when regulators identify significant consumer injury resulting from a merchant’s deceptive practices, it is not uncommon for the merchant’s payment processor and/or ISO to be named as a codefendant in an ensuing enforcement action—along with individuals at the processor or ISO who facilitated the merchant’s processing activity.

Plans to Scrap Obamacare Don’t Worry PF Softheon

As President Obama leaves office and Donald Trump prepares to take the reins, a Republican Congress has declared repealing Obamacare to be one of its top priorities. But what that will entail and what the resulting healthcare system will look like is anyone’s guess at this point.

With so much uncertainty in the health care market, you might expect Eugene Sayan, the CEO of PF Softheon, whose platforms are used by insurers and health plan exchanges to market products to and accept payments from consumers, to be worried. You would be wrong.

MemberPlanet Simplifies Life for Membership Organizations

Typically, growing businesses are advised to develop expansion plans and stick to them. But sometimes you have to go where your customers lead you.

Being open to new verticals is one of the ways MemberPlanet has evolved from one college student with an idea for dramatically improving the financial management of his fraternal organization to a company that serves more than 13,000 nonprofits, faith-based organizations, alumni organizations, parent-teacher associations, and even the U.S. Air Force.