Banking Beyond Boundaries: Empowering Financial Institutions with Seamless Merchant Services
Despite the many setbacks of the past few years, the global payments ecosystem has remained remarkably stable, with tremendous growth potential having emerged in the face of the pandemic’s many disruptions. While this has led to increased competition, it has also...
The Rise of Digital Banking and How It Effects Businesses
Banking has evolved at a rapid pace over the past few years. Due to technological advancements within the financial industry, demand for digital banking services has increased drastically. Many consumers have never set foot into a brick-and-mortar bank and continue to...
All You Need To Know About Payment Orchestration
Payment orchestration is a hot topic in e-commerce and is innovating the world of digital payments. This software layer simplifies frontend and backend integration and involves working with multiple payment providers to optimize customer conversion, enhance cost...
Build Vs. SaaS Payment Facilitation – What’s best for your business?
The past decade has seen billions of dollars spent on Payment Facilitation solutions and the FinTech industry has also blown up. Innovations in eCommerce, card offerings, alternative payment options, and the move towards Software-as-a-Service (SaaS), have all been...
The Top 10 Global Trends in FinTech and Banking in 2022
There is no doubt this past year has seen more innovation in the financial technology sector than ever before. According to CB Insights, the fintech sector reached a record $91.5 billion in global funding by the third quarter of 2021 - that's almost twice as much as...
6 Reasons You Should Offer Buy Now, Pay Later (BNPL) Options On Your E-Commerce Site
Buy Now, Pay Later (BNPL) is taking the payments industry by storm. BNPL refers to customers taking home their purchases and paying in installments for them over time. Most BNPL companies do not charge interest if you pay on time. But if you miss a payment, you are...
The 5 Biggest Mistakes PayFacs Make When Underwriting and Onboarding Merchants – and Things You MUST Avoid
Operating as a payment facilitator (PayFac) can be deeply complex. The sheer number of variables you need to monitor makes it all too easy to make common mistakes. Whether you are in the process of registering as a PayFac or you are already facilitating payments,...
How Payment Facilitation Is Reshaping Online Grocery Shopping
Online grocery shopping offers consumers an incredibly convenient way to shop for the food, beverage, and other home items they need. Instead of going to the store and navigating crowded aisles, shoppers can shop from the comfort of home, work, or...
PayFAQ
Payment Facilitation, or PayFac, has become increasingly popular because of the potentially large revenue stream that comes from the payment fees charged to end-users, as well as the ease and speed with which you are able to board new merchants....
Top 5 SaaS Payment Processing Challenges
Software as a Service (SaaS) is a rapidly growing industry and is expected to generate $369.4 billion by 2024. It has also been one of the fastest-growing market segments since 2019. Technology advancements over the last few years have opened up many opportunities for...
9 Features Every Payment Processing System Must Have
Looking for a payment processing system but don't know where to begin? It's important to make sure the payment processing system you work with has the necessary features to grow with your business. The right system will increase cash flow, reduce transaction error,...
Looking to Monetize Payments in Your Business? You Must Know the Difference Between ISO, Full PayFac and Managed PayFac
Moving your business to a Payment Monetization Model has many benefits, but there are some things you must know before making the transition! It is essential for you to understand your options when assessing which payment model works best for your business. This...
5 Tips On How Payment Facilitators Can Take On Risk With Confidence
Traditional Payment Facilitators (PayFacs) are able to record the revenue of all processing and be considered the merchant of record as they board partners and merchants. Payfacs also have full control of the pricing setup, branding and disbursement of funds. Taking...
Adapting to Rising Global E-Commerce Challenges 2021
New opportunities and new challenges have emerged due to the pandemic. Brick-and-mortar stores are struggling due to the increase in online shopping, while E-Commerce is trying to keep up with the increase in demand. These are the global challenges that E-Commerce is...
How To Underwrite Merchants Like A Rockstar by Playing Among Us
This article was originally published on Forbes.com. The multiplayer game Among Us has taken the world by storm. It’s been named the best mobile and multiplayer game of the 2020 Game Awards, and it spent months at the top of iOS, Android, and Steam download lists....
Payment Facilitation as a Revenue Stream
When Payment Facilitation first came into the spotlight, many viewed the model as too high risk. Over the years, the payment facilitation market has shown extreme growth because it benefits the entire payments ecosystem, such as banks, card brands, merchants, and...
Why Businesses Need to Embrace Digital Payments
In an increasingly digital world, businesses need to adapt to stay relevant and grow. In addition to building a solid website and strong online presence, accepting digital payments provide many benefits. While some businesses have jumped on the digital bandwagon,...
Meeting Enterprise Needs with Enterprise Payment Solutions
As businesses grow into enterprise in scope, the level of sophistication of their payment system grows, too, and the challenge of handling these expanding needs is apparent. Ori Hay, CEO of Amaryllis, and Viko Bargig, Vice President, Solutions...
The Challenges and Potential Solutions of Today’s Evolving Grocery Industry
The grocery store industry has seen online ordering options gain tremendous momentum in the wake of the COVID-19 pandemic. Bruce Shirey, SVP of Business Solutions at Amaryllis, said the pandemic sped up the adoption of online grocery ordering and...
Why ISVs Become Payment Facilitators
Today, becoming a Payment Facilitator (PayFac) has become increasingly popular for many businesses. For ISVs looking to pivot into the payments arena, it's important to understand the reason why becoming a PayFac is the best path forward....