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.

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Money Transmission in the Payment Facilitator Model

The payment facilitator model continues to grow in popularity in the merchant acquiring space as a way to board merchants quickly and with minimal friction. While there are many benefits to this model, payment facilitators and their sponsoring banks and processors should be aware of the potential money transmission risks.

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You, Me, and Everyone You Know – The Impact of FinCEN’s Beneficial Ownership Requirements

If you’re a payment facilitator, how much do you currently know about the owners of your sub-merchant customers? If you’re a processor, how much do you know about the owners of your payment facilitator customer’s sub-merchant customers? And if you’re a bank, how much do you know about the owners of your processor customer’s payment facilitator customer’s sub-merchant customers (who are, technically, also your customers)?

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