by Rich Benvin | Jan 23, 2020 | Payment Facilitators, Payments Industry
Like many industries, the payments ecosystem is steeped in acronyms: PCI, POS, API, just to name a few. One of the most critical, affecting payment facilitators from the outset of their relationships with their submerchants, is the acronym KYC. KYC stands for Know...
by Rich Benvin | Dec 18, 2019 | Payment Facilitators, Payments, Payments Industry
For many B2B software companies, the decision to offer a proprietary payments product appears likely in their future. After all, the idea makes sense for many businesses: the deepening relationships with customers, the additional revenue stream, the increased...
by Rich Benvin | Nov 21, 2019 | Payment Facilitators, Payments Industry
Few tech-enabled developments in recent years are as revolutionary to the merchant experience as the birth of frictionless underwriting – a key characteristic of the payment facilitator model. Many PFs use frictionless underwriting or onboarding to reduce delay and...
by Rich Benvin | Nov 14, 2019 | Payment Facilitators, Payments Industry
The process of contract drafting and negotiation can be a test of patience. Initially, it seems that each word is scrutinized by all of the parties involved. The process can feel like overkill for documents that are often then tucked into a drawer, part of the endless...
by Rich Benvin | Sep 12, 2019 | FIS, Payment Facilitators, Payments Industry
The past year’s mergers and acquisitions have reshaped the payments ecosystem into one dominated by fewer, bigger payment processors striving to stay on top of the trends in how people make and receive payments. And as the payment facilitator model...
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