Payment facilitators – also known as Payfacs – operate in cooperation with acquiring banks, card networks, and the regulators who oversee the payments system. All of these entities share a responsibility to protect the security and safety of the payments ecosystem, and Payfacs are a unique operating category with their own associated requirements. Where…Read More
One of the main benefits to adopting the Payfac® model is the increase in revenue you get from each transaction processed using your software. But of course, there is also cost involved. So naturally, any company considering the option needs to make sure the investment they’ll make in the Payfac model makes sense financially. So…Read More
Firmly planted at the center of their business customers’ operations, software companies provide the essential tools businesses need to succeed. Now, many are expanding into financial services traditionally offered by other providers. These services include things like deposit accounts and lending. You could think of the expansion into payments as the first wave of this…Read More
Insights & discussion with Infinicept: As part of our 4th Annual Credit Suisse FinTech Conference, we hosted the Co-Founder and Co-CEO (a twenty five-year payments industry veteran) of Infinicept, a business described by our guests as an “operating system for embedded payments” with plans to expand into embedded finance. Watch the full interview.Read More
Being a payment facilitator is not for everybody. The timing might be too early. Or it just might not be the appropriate model for a particular business. But the single biggest thing that gets in the way of becoming a payment facilitator is a lot of obfuscation (lies, TBH) in the industry about what it…Read More
For many startups, the way revenue is claimed is an issue with important implications. Top-line or gross revenue is a factor that investors often use to determine a company’s valuation. Maximizing that number has a tangible impact.Read More
Whether you’re in person or online, using a card account to pay for goods and services is deceptively simple. You input your account details into the yoga studio’s form and usually within seconds, your pass is paid for. The only thing standing between you and unlimited tree poses is your level of motivation.Read More
Whenever any transaction is initiated, it travels first through an entry point that connects the merchant’s systems to the rest of the payments ecosystem. That entry point is known – appropriately – as a payment gateway.Read More
When you’re on the acceptance end of payments transactions as a merchant or a payment facilitator, you’re likely most familiar with the role of acquiring banks.
But there’s another banking entity that plays a crucial role in card transactions: the issuing bank.
The difference between merchant acquirers and payment processors can sometimes be confusing. Both entities are critical partners for merchants and payment facilitators. And the terms, particularly the term acquirer, are often used interchangeably. But they are not the same thing.Read More