Tag: Vantiv

Pennsylvania Decision May Provide Clarity Around Money Transmission for Payment Facilitators

A recent decision by a Pennsylvania appeals court may help provide some clarity around the question of when a payment facilitator is a money transmitter.

Square Edges into Banking Business; Grab Partners with MayBank: News Roundup

Square’s Cash app is edging them into the banking business while Grab partners with Malaysia’s MayBank to launch its mobile wallet. And in other news, payment facilitator PayMate acquires Z2P Technologies and Vietnam strives for peak growth potential in its move towards a cashless society.

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.

Customer Due Diligence Requirements are Changing for Financial Institutions. What Does This Mean for PayFacs?

Financial transparency and security are important. FinCEN and the staffs of the Federal functional regulators and the Department of Justice agree. As such, FinCEN has determined that more explicit rules for covered financial institutions with respect to Customer Due Diligence (CDD) are necessary to clarify and strengthen CDD within the Bank Secrecy Act (BSA) regime.

Payment Security: The Developer’s Duty

Merchants want ease of use. Customers want mobile. Everyone wants security.

Choose Wisely: 3 Things to Look for in a Provider

Payment facilitators enable a more seamless merchant experience when it comes to payment acceptance. This is what you do for your customers. But what are some of the steps that you need to take to grow and strengthen your own bottom line?

Vantiv and Worldpay Reach Merger Deal

U.S. processor Vantiv and London-based Worldpay have reached agreement on the terms of their proposed merger, the companies announced.

The combination of the two companies will result in a massive global payments powerhouse that will go by the name Worldpay.

Building the Next Amazing Marketplace? Your Top Five Payment API Must-Haves

If you’re familiar with payment facilitation, chances are that you’re already savvy about payments. As a payment facilitator, you become a “mini-acquirer,” managing your own community of merchants.

Payment facilitation can be critical to enabling new business models, but for developers it can present gnarly technical challenges. The top five “must-haves” for payment facilitator APIs are described below.

Vantiv Enters B2B With Paymetric Acquisition

Payment technology provider Vantiv is planning to acquire Paymetric, a B2B electronic payments provider, the company said this week.

The acquisition expands Vantiv’s presence into the B2B payment space, the company said. Paymetric integrates payments capabilities with enterprise systems such as SAP, Oracle and Salesforce. It uses tokenization technology to store customer information securely.

Compliance from the PF Point of View: PF Day Preview

When a technology company decides to take on payments, it often seems like a natural next step. Who wouldn’t want to extend their services by enabling clients to accept payments?

Then reality sinks in. Adding the technical capability to move money is one thing. Opening the door to the complex web of federal and state regulation and card brand rules is another.