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 ...Read more
Having worked within fintech industry for more than a decade, we know what a challenge it is to select the best payment solution for a company. Multiple experts and analysts share their knowledge on diverse resources, specializing on publication of fintech news today. It is often hard to sort through the flow of information channeled by fintech newsletters, reputable portals, and websites of fintech companies themselves.
Merchants, SMEs, fintech SaaS companies, payment facilitators – each of these entities requires its own specific kind of advice and fintech consulting. Every business in search of a payment solution has its own specific needs and questions to the industry.
Common fintech questions to answer
Let us list are just a few of the most important and crucial questions that we get from our customers and readers.
Some readers are new to payment technologies, so their first question is: what is a fintech company? Others are already wondering how they can generate new revenue streams from payments. Growing businesses that want to make money on payment processing are interested in the key steps to becoming a full-fledged or a white-label payment facilitator.
Companies that already have established customer bases are considering the prospect of implementing different intermediary models, such as fintech as service or payment as service.
Plenty of businesses want to know the details of implementing their own payment gateway solutions and EMV terminal solutions.
Lastly, a large segment of readers and customers wants to learn about advanced technologies, such as SoftPOS and crypto payment solutions, which might define the future of fintech.
Fintech news, useful tips, and advice
As the industry evolves, new questions arise and there is no one single fintech newsletter which could answer all of them. So, in order to help you safely navigate the industry and select the most suitable payment solution, gateway, platform, or ecosystem for your business model, we have written and organized more than 80 articles, covering various aspects of the subject. In these articles we are trying to address the needs of the widest audience of prospective and existing customers, representing diverse categories of companies.
The main categories of our target readers include, but are not limited to:
- startup businesses,
- merchants of different sizes, (from micro-merchants to SMEs and enterprise-level companies),
- payment facilitators,
- conventional and wholesale ISOs,
- SaaS companies,
- online marketplace owners,
- venture capital companies and investment firms,
- developers of payment software interested in fintech news and valuable insights.
For example, those who are new to the industry are welcome to familiarize themselves with the role of acquiring banks in it. Neglecting this role might lead to common misconceptions and result in costly mistakes often made by startup businesses.
Those who strive to embrace embedded payments paradigm will find many useful tips in the articles describing, how to implement embedded payments within a business model, and explaining the key aspects and features of the process.
Those who want to add cryptocurrency payment functionality to their payment systems will benefit from reading the articles on the choice of the best crypto gateway for a SaaS platform and on optimal blockchain selection. We are trying to keep up with fintech news and innovative approaches related to crypto payments. Therefore, we have many articles covering this topic.
If you want to implement a SoftPOS solution instead of (or in addition to) a conventional EMV terminal solution, you should read our informative articles on SoftPOS systems and their implementation.
An important segment of our customers consists of SaaS companies and payment facilitators. Therefore, many of our materials address the needs of these types of businesses. We advise paying special attention at our articles on white-label PayFac model, PayFac gateway integration for SaaS platforms, and the key steps to becoming a payment facilitator.
Finally, as our core product is a payment gateway software solution, much of our informative content largely focuses on payment gateway implementation tips. That is why, many of our articles are dedicated to gateway solution flavors and the key phases of payment gateway implementation process. In a separate article we describe gateway options available to PayFacs and SaaS companies. Other businesses in search of a gateway solution will find many useful tips in our article on the different flavors of white-label payment gateway solutions.
We have given you a brief overview of key fintech news, innovative solutions, and approaches covered in our trending articles. Hopefully, our materials will help you in your fintech quest. Enjoy studying our content!
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 ...Read more
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 ...Read more
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 ...Read more
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 ...Read more
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 ...Read more
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 ...Read more
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 ...Read more
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 ...Read more
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 ...Read more
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 ...Read more
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 ...Read more
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 ...Read more
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 ...Read more
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 ...Read more