Payments Companies Move to Single Licensing Exam as Streamlining of State Regulation Continues
The U.S. regulatory environment continues to evolve in response to the growing number of nonbanks offering financial services. This time it’s state regulators – and their treatment of money service businesses – that are taking another step forward.Read More
The Vertical Advantage: Why Software Providers Are Better at Managing Payments Risk During a Crisis
As small businesses grapple with the economic conditions brought on by the pandemic, their payment partners must be careful to avoid making the hardship worse.Read More
New Sponsor Banks: What You Should Consider Before Sponsoring Payment Facilitators
For banks, deciding to sponsor payment facilitators is a balance of risks and rewards. It allows them to expand and broaden their merchant base. It also provides additional revenue from their transaction fees.
But enabling access to the payments system is not a function to be taken lightly.Read More
What is KYC, and What Does it Mean for Payment Facilitators?
The payments ecosystem is steeped in acronyms. One of the most critical, affecting payment facilitators from the outset of their relationships with their submerchants, is the acronym KYC.Read More
PF WORLD Returns; Expanded Event is Just Around the Corner
Fresh off a successful event in New York last year, we’re locking in the details for our second PF WORLD event. And we’re inviting you to save the date so you can join us this spring – this time on the West Coast.Read More
Opening Pandora’s Regulatory Box: What to Watch for in 2019
Working in a regulatory-heavy environment can feel like being inside a washing machine at times, with the accurate forecasting of a 10-day hurricane plot. So where does fintech regulation stand at the beginning of a new year? In a state of flux as usual, it would seem.Read More
The Great Debate: PF WORLD 2018 Speakers to Face off on Merits – and Pitfalls – of Becoming a PF
When software companies integrate payments into their platforms, many face the decision of whether to become a payment facilitator or outsource the payments function to someone else. Becoming a PF holds both risk and reward, so how can they decide?Read More
PCI and Payment Facilitation: What are PFs Responsible For?
Companies that choose to integrate payments into their B2B software offerings must consider risk from a number of perspectives. This week, we report on some of the fundamental issues and decision points behind payment facilitators’ relationship with the industry data security standard.Read More
Is Becoming a Payment Facilitator Right for You?
As a software provider, you have many options for bringing your payments solution to market. One avenue is to become a payment facilitator (PF). But what exactly does it entail? Following are answers to some of the most common questions about payment facilitators, to help you determine if this is the right path for your business.Read More
New York’s OCC Fintech Charter Lawsuit is Dismissed
As previously reported, last December saw the first public announcement from the Office of the Comptroller of the Currency (OCC) regarding the intent to begin accepting special purpose bank charter applications from fintech organizations. And since then, the response has been a mixed one. Most recently, a New York Department of Financial Services (DFS) lawsuit has been dismissed based largely on a “perceived lack of threat to the DFS’ own regulatory powers.”Read More