by Rich Benvin | Jan 14, 2021 | Payment Facilitators, Payments Industry
Whenever any transaction is initiated, it travels first through an entry point that connects the merchant’s systems to the rest of the payments ecosystem. That entry point is known – appropriately – as a payment gateway. The payment gateway is an essential part of...
by Rich Benvin | Jan 7, 2021 | Payment Facilitators, Payments Industry
Small and micromerchants can be difficult and expensive for traditional merchant acquirers to reach. So, many acquirers have historically focused on marketing to and providing payment services for larger businesses. As a result, third parties have stepped in to bridge...
by Rich Benvin | Dec 16, 2020 | Payment Facilitators, Payments Industry
GoDaddy announced this week that it plans to acquire payment facilitator Poynt to build out its suite of commerce and payment capabilities. The web platform provider has agreed to pay $320 million in cash and $45 in deferred cash payments in a deal that is expected to...
by Rich Benvin | Dec 16, 2020 | Payment Facilitators, Payments Industry
When you’re on the acceptance end of payments transactions as a merchant or a payment facilitator, you’re likely most familiar with the role of acquiring banks. But there’s another banking entity that plays a crucial role in card transactions: the issuing bank. An...
by Rich Benvin | Dec 10, 2020 | Payment Facilitators, Payments Industry
The difference between merchant acquirers and payment processors can sometimes be confusing. Both entities are critical partners for merchants and payment facilitators. And the terms, particularly the term acquirer, are often used interchangeably. But they are not the...
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