Posts Tagged ‘The Payment Facilitator Model’
Five Myths – and the Truth – About Becoming a Payment Facilitator
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 MoreWhat is a Money Transmitter?
Improving the merchant experience is a rallying cry for payment facilitators. Streamlining the underwriting and onboarding process is often a first step, but many PFs go further in search of solutions for the unique needs of their industries.
Read MoreCSBS Launches SES for Bird’s Eye View on Fintechs
In an effort to streamline the examination of fintech and other non-bank platforms with a broad-picture perspective, the Conference of State Bank Supervisors (CSBS) has announced the nation-wide rollout of the State Examination System (SES).
Read MoreWhat is Tokenization?
Tokenization is one solution that helps reduce the exposure of sensitive data in situations where it could be accessed by criminals.
Read MoreHow Does a Software Company Become a Payment Facilitator?
How does a software company become a payment facilitator to benefit from the additional revenue and better control over the payments experience?
Read MoreWhat Is the Payment Facilitator Model?
Many software companies are choosing to enable their merchant customers to accept payments through their platform. It’s an appealing way to increase revenue and provide their customers with a complete software and payments experience. For companies that choose to own the payments function in-house, the process involves becoming what’s known in the payments industry as a payment facilitator.
Read MoreRealPage to Acquire Modern Message, Creating a Comprehensive Resident Engagement Solution
Real estate software provider RealPage Inc. is slated to acquire prominent resident engagement company Modern Message, Inc.
Read MoreWhat 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 MorePF Flutterwave Raises $35 Million and Partners with Worldpay
A $35 million funding round brings total investment for fintech startup and payment facilitator Flutterwave to $55 million. And a partnership with Worldpay enhances their customer reach
Read MoreHow Chargebacks Apply to Payment Facilitators
While becoming a payment facilitator can create new revenue streams for many businesses, it carries a risk of losses as well. One type of risk a PF must address is the potential for losses from chargebacks.
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