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.Read More
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.Read More
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
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.Read More
Merchants want ease of use. Customers want mobile. Everyone wants security.Read More
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?Read More
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.Read More
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.Read More
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.Read More
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.Read More