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In spite of pandemic-driven economic recession, payment facilitator model is thriving. So, revenues of PayFac payment platforms remain high. At the same time, more companies are implementing PayFac model and establishing PayFac payment gateway partnerships. These companies include owners of SaaS platforms, franchisors, ISO, marketplaces, and venture capital firms. Owners of many software platforms face…

It looks like we are witnessing a new phase of the usage-based billing evolution. Legacy billing software is no longer able to accommodate all the functions its users (and their customers) need. As a result, subscription billing software has to evolve into something more sophisticated. Traditional recurring payment processing and invoice software are supposed to bill…

Modern payment gateway solutions serve two major purposes. First, they harmonize cardholder data formats as it is sent from merchants’ POS systems to payment processors. Second, they ensure security of payment data (provide an additional payment security layer). More and more present-day companies face the tough choice between buying ready-made gateway products and building their…

A white label product or service is a third-party commodity you offer to your customers under your own brand. Let’s assume, your company wants to provide some additional value. However, it does not have the necessary resources to implement it. In this case you can resort to the respective white label product. True, it is,…

Fintech industry is constantly evolving. Emergence of new types of players is an indicator of this evolution. Payment facilitator model is a relatively new concept. However, it is rapidly gaining popularity. Many people confuse it with other terms, such as payment aggregator, payment service provider, or merchant of record. If you want to have a…

White-labeling concept has become very popular among electronic payment processing industry players. We can witness the emergence and development of white label payment processing services, white label payment facilitator, and white label payment gateway reseller models. Indeed, these business models have already proven their efficiency at the market. In this article we are going to…

Electronic payment processing technologies become more sophisticated with every coming year. But as the process becomes more complex, new gaps emerge. And fraudsters are ready to use these gaps for compromising cardholder data. During pandemic-induced lockdowns, security of electronic payments has become even more relevant. That’s why every merchant or payment service provider prefers to…

The decline in cash payments across the globe has driven the rising demand for point-of-sale (POS) Terminals. In particular, we are witnessing high demand for wireless devices such as tablets and smartphones capable of functioning as electronic POS terminals or cash registers. A great number of payment platforms and payment facilitators are looking for multifunctional…

Can you imagine a piece of clothes that perfectly fits you all your life, adjusting to all the changes happening to your body? Or clothes that grows with your kid? What could it be made of? Some advanced type of self-reproducing stretchable fiber or plastic, perhaps? In fact, science fiction writers and movie directors have…

The topic of becoming a payment facilitator is as fresh and relevant as ever for many companies. Indeed, during the last decade, we witnessed a real PayFac boom. We should admit, that, to a large extent, it resulted from demand for payment facilitation services and willingness of acquirers to delegate merchant experience to other entities….

The concept of merchant onboarding is extremely relevant for both prospective merchants and various types of payment aggregators and resellers. These include ISO, payment facilitators, and payment service providers. Merchant account applicants want to start accepting electronic payments as soon as possible. At the same time, payment aggregators of various sorts want to make payment…

Traditionally, the term “contactless payments” referred to EMV payment solutions based on near-field communication (NFC) technologies. Almost every payment card or app user nowadays is familiar with such technologies as Visa payWave or MC PayPass. Not to mention Apple Pay and Google Pay. From cardholder’s perspective it is easy. You just “tap” the terminal with…

The advance of payment facilitation services during the last decade was tremendous. Card networks introduced the initial set of formal rules of the game for payment facilitators back in 2011. Since then, the PayFac concept has gone a long way. As of now, we are witnessing a situation when independent sales organizations (ISO) are vacating…

While half a year ago the economic recession was only a possibility, the 2020 stock market crash turned it into a tangible fact. The unprecedented impact of coronavirus on economy of all major countries triggered the end of an 11-year bull-market run. It made the key market indices plummet several times during a 3-week period in…

More and more present-day companies are choosing to sell their core products using payment applications, online websites, and marketplace platforms. These companies are striving to embed payment functionality within their websites and applications. For this purpose, every company needs to find the best payment gateway solution to suit its business model. The problem of payment…