Healthcare PF InstaMed Counters Consumer Confusion

Nearly two-thirds of consumers would consider switching to a different healthcare provider based on their payments experience.

That’s potentially a sobering statistic to people in the healthcare industry. But it’s one that InstaMed – as a healthcare payments network and particularly as a payment facilitator – feels well positioned to address.

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Supplement KYC Efforts Using Corporate Registration Research

As Know Your Customer (KYC) regulations become increasingly critical in the underwriting process, payment facilitators may seek to better understand high-risk merchants by collecting information separate from what is provided by the applicants themselves. Corporate registration records offer reliable, useful data that may help to paint a more complete picture than application information alone. Knowing where to look and what to look for may lead to more effective Customer Due Diligence (CDD) or Enhanced Due Diligence (EDD) efforts.

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Visa Rule Change Signals Support for PF Model

As the payment facilitator model evolves, the card networks are increasingly embracing it as a driver of merchant acceptance globally. A recent rule change from Visa further affirms that PFs are in a solid position.

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