by Rich Benvin | Aug 27, 2020 | Payment Facilitators, Payments Industry
For years, small merchants were underserved by the payments system. It was not cost-effective for banks to serve the needs of the smallest businesses, limiting the forms of payment many of them could accept. In recent years, more and more options have arisen to bridge...
by Rich Benvin | Aug 20, 2020 | Payment Facilitators, Payments Industry
Data security is a critical component of the work that payment facilitators do. Proper management of sensitive data is an essential responsibility for anyone enabling access to the payments system. So every payment facilitator needs to understand the role that PCI...
by Rich Benvin | Jul 15, 2020 | Payment Facilitators, Payments Industry
As small businesses grapple with the economic conditions brought on by the pandemic, their payment partners must be careful to avoid making the hardship worse. Square recently made headlines because it was holding back funds from more of its merchants in an effort to...
by Rich Benvin | May 6, 2020 | Payment Facilitators, Payments Industry
The COVID-19 pandemic has created a new reality for many businesses. And as businesses adjust to the changing times, criminals and other bad actors are adjusting as well – actively seeking ways to capitalize on the crisis. So, what can payment facilitators do to help...
by Rich Benvin | Apr 30, 2020 | Payment Facilitators, Payments Industry
Payment facilitators have a number of tools they can use to reduce their exposure to risk. To mitigate against credit risk, PFs will sometimes hold back funds from the submerchant – known as a reserve – to guard against possible future losses. When are reserves...
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