Consolidated eCommerce
Breaking Down the Merchant Onboarding Process
In the traditional world of payment processing, a salesperson might go directly to merchant locations, applications in hand, seeking to sign up new customers. If they were successful, the process to onboard that customer could take weeks while the merchant completed and submitted a lengthy application, the payment provider completed underwriting, and payment devices were delivered to the merchant and set up.
Square Offers New Kitchen Display System for Restaurants, Toast Launches Contactless Suite: News Roundup
PaymentFacilitator’s News Roundup is a curated mix of the past week’s news and articles from around the web, including company announcements, global payments news, and other coverage and analysis of topics relevant to payment facilitators.
Infinicept Raises Funds from Mastercard, MissionOG
Infinicept announced this week that it had completed a new funding round led by card brand Mastercard and investment firm MissionOG. The company will use its latest funding to expand its product, sales and marketing efforts.
Square Grows Revenue 140%; DOJ Sues to Block Visa Acquisition of Plaid: News Roundup
PaymentFacilitator’s News Roundup is a curated mix of the past week’s news and articles from around the web, including company announcements, global payments news, and other coverage and analysis of topics relevant to payment facilitators.
What is the Definition of a High-Risk Merchant?
While payment facilitators are known for their ability to reduce friction and to quickly underwrite and onboard new merchants, not all merchants are created equal. Some require more due diligence and ongoing risk monitoring than others.
What is a Payment Processor?
Whether a transaction originates online or in person, completing it safely requires connecting to and securely sharing data among merchants, banks and card networks. Payment processors are the technology companies that sit in the middle of this process.
Helping Cafeterias Find Their Footing After the Pandemic: A Conversation with OLB Group
When offices were closed due to the pandemic, and employees turned to remote work to stay connected, the cafeterias that served those workers also shut down. Once employees began to return, how could these physical businesses – often used by employees as gathering places – reopen safely and continue to serve employees?
Worldline Completes Ingenico Acquisition; Shopify Revenue Up 96%: News Roundup
PaymentFacilitator’s News Roundup is a curated mix of the past week’s news and articles from around the web, including company announcements, global payments news, and other coverage and analysis of topics relevant to payment facilitators.
TikTok Partners with Shopify for Social Commerce; Mastercard on Its Vision for Payments in 2021: News Roundup
PaymentFacilitator’s News Roundup is a curated mix of the past week’s news and articles from around the web, including company announcements, global payments news, and other coverage and analysis of topics relevant to payment facilitators.
Retail ISO vs Wholesale ISO: What’s the Difference?
Before payment facilitators existed, acquirers commonly extended their reach to smaller businesses by working with independent sales organizations, known as ISOs. Sometimes a distinction is made between what are known as retail ISOs and wholesale ISOs. So, what’s the difference?
What is Embedded Finance?
Historically, financial services have been offered solely by traditional providers such as banks and insurance companies. But a new crop of providers is increasingly offering simpler and more intuitive ways for consumers and businesses alike to access a variety of services.
Small Business Marketing Platform and PF Fivestars Raises $52.5 Million
Payment facilitator Fivestars announced last week that it has raised $52.5 million, bringing its total funding to $145.5 million.