As the business world has taken note of Vantiv’s Worldpay acquisition, much of the narrative has focused on the size and scope of the deal. The acquisition creates a nearly $29 billion company and allows Vantiv to diversify its client base globally.

But what does all this mean to payment facilitators?

As the business world has taken note of Vantiv’s Worldpay acquisition, much of the narrative has focused on the size and scope of the deal. The acquisition creates a nearly $29 billion company and allows Vantiv to diversify its client base globally. But what does all this mean to payment facilitators?
Payment facilitators have a significant role to play as Visa expands digital transactions into new markets using QR codes.

The bar codes have turned the point-of-sale world on its head in response to conditions in emerging markets, according to Uttam Nayak, SVP, emerging market digital payments, for Visa.

Payment facilitators have a significant role to play as Visa expands digital transactions into new markets using QR codes. The bar codes have turned the point-of-sale world on its head in response to conditions in emerging markets, according to Uttam Nayak, SVP, emerging market digital payments, for Visa.
Visa took its turn this week announcing support for the new QR code specification recently released by industry standards body EMVCo.

Its Visa Ready Program supports the new interoperable standards, making onboarding simpler for merchants who want to implement the mobile POS solution, the company said. The program provides tools that allow banks, processors and payment facilitators more easily deploy the solution for their merchants.

Visa took its turn this week announcing support for the new QR code specification recently released by industry standards body EMVCo. Its Visa Ready Program supports the new interoperable standards, making onboarding simpler for merchants who want to implement the mobile POS solution, the company said. The program provides tools that allow banks, processors and payment facilitators more easily deploy the solution for their merchants.
Last week, Acting Comptroller of the Currency Keith Noreika told the audience during an address in Washington, D.C., that he thought regulating nonbanks through a federal fintech charter was “a good idea.”

Noreika, a Trump administration appointee, defended the OCC’s right to establish the charter championed by his predecessor, Obama appointee Thomas Curry, despite states’ claims to the contrary.

Last week, Acting Comptroller of the Currency Keith Noreika told the audience during an address in Washington, D.C., that he thought regulating nonbanks through a federal fintech charter was “a good idea.” Noreika, a Trump administration appointee, defended the OCC’s right to establish the charter championed by his predecessor, Obama appointee Thomas Curry, despite states’ claims to the contrary.
Indian online marketplace Paytm Mall has said it is delisting 85,000 sellers as part of an effort to improve the customer experience on its site.

The move is a result of revising its onboarding process to better catch fraudulent sellers. The delisted merchants did not meet the new standards.

Indian online marketplace Paytm Mall has said it is delisting 85,000 sellers as part of an effort to improve the customer experience on its site. The move is a result of revising its onboarding process to better catch fraudulent sellers. The delisted merchants did not meet the new standards.

In another sign that QR code payments are gaining ground globally, EMVCo has released its first QR code specification.

China’s payment network UnionPay, a member of EMVCo, led the working group that developed the specification, the company said in a press release, calling it “the first globally interoperable technical solution for QR code payment.”

In another sign that QR code payments are gaining ground globally, EMVCo has released its first QR code specification. China’s payment network UnionPay, a member of EMVCo, led the working group that developed the specification, the company said in a press release, calling it “the first globally interoperable technical solution for QR code payment.”

Payment facilitators have many tools at their disposal to help them understand the risk of taking on a particular merchant’s business during underwriting. In many cases, though, the tools rely on information provided by the merchants themselves.

To validate that information merchants have provided, however, PFs have a vast resource for fishing out the true nature of the merchant’s business and the identities of the people involved.

Payment facilitators have many tools at their disposal to help them understand the risk of taking on a particular merchant’s business during underwriting. In many cases, though, the tools rely on information provided by the merchants themselves. To validate that information merchants have provided, however, PFs have a vast resource for fishing out the true nature of the merchant’s business and the identities of the people involved.
A study released by shipper UPS earlier this month concluded that today’s U.S. online shoppers are more likely than before to make purchases from international retailers, and more likely to buy from online marketplaces.

What does this trend mean for the merchants looking to attract those shoppers – and the payment facilitators enabling their payments?

A study released by shipper UPS earlier this month concluded that today’s U.S. online shoppers are more likely than before to make purchases from international retailers, and more likely to buy from online marketplaces. What does this trend mean for the merchants looking to attract those shoppers – and the payment facilitators enabling their payments?
The Washington, D.C., Department of For-Hire Vehicles has tapped leading payment facilitator Square to power an initiative that will move that city’s taxi drivers to a digital platform.

“The for-hire transportation industry has been through disruption with the advent of the e-hailing apps and changing consumer preferences. One of the objectives about what we want to do is to allow the traditional taxi to compete more fairly.”

The Washington, D.C., Department of For-Hire Vehicles has tapped leading payment facilitator Square to power an initiative that will move that city’s taxi drivers to a digital platform.

There may well come a day when money transmitter laws are consistent across state lines. Baby steps in that direction, however, underline the complicated work that lies ahead if such a dream is to become reality.

The Conference of State Bank Supervisors recently announced its plans to move toward a consistent framework for regulating non-bank entities, including financial technology companies – a plan it called its Vision 2020 initiative.

There may well come a day when money transmitter laws are consistent across state lines. Baby steps in that direction, however, underline the complicated work that lies ahead if such a dream is to become reality.
One barrier to entry for companies considering the payment facilitator model has been creating their own framework for enabling merchant acceptance from scratch.

In response, consultants Todd Ablowitz and Deana Rich have teamed with technology services company iClassPro to introduce Infinicept, a company that offers what they say is the first platform built specifically for payment facilitators.

The platform, known as Payment Facilitator in a Box, offers infrastructure that PFs need to get merchants up and running on their systems, including a new, proprietary underwriting tool.

One barrier to entry for companies considering the payment facilitator model has been creating their own framework for enabling merchant acceptance from scratch. In response, consultants Todd Ablowitz and Deana Rich have teamed with technology services company iClassPro to introduce Infinicept, a company that offers what they say is the first platform built specifically for payment facilitators. The platform, known as Payment Facilitator in a Box, offers infrastructure that PFs need to get merchants up and running on their systems, including a new, proprietary underwriting tool.

This week, we talk with Carl Perry, developer lead at Square. Perry will deliver the keynote at next week’s Payment Facilitator Day, a full day of focused content at ETA’s TRANSACT.

In this conversation with PaymentFacilitator.com, he talks about some of the trends that are shaping the role of a developer in the PF space.

This week, we talk with Carl Perry, developer lead at Square. Perry will deliver the keynote at next week’s Payment Facilitator Day, a full day of focused content at ETA’s TRANSACT. In this conversation with PaymentFacilitator.com, he talks about some of the trends that are shaping the role of a developer in the PF space.
Leading payment facilitator Square released its quarterly financials on Wednesday, reporting $462 million in revenue, a 22% increase year over year.

The company also reported that it processed $13.6 billion in payments volume, down slightly from $13.7 billion last quarter, but in line with normal seasonal trends, the company said. That number is up 33% over first quarter last year.

“That's staggering growth for a company that was at zero just eight years ago,” Rick Oglesby, Double Diamond Group partner and principal of AZ Payments Group, told PaymentFacilitator.com.

Leading payment facilitator Square released its quarterly financials on Wednesday, reporting $462 million in revenue, a 22% increase year over year. The company also reported that it processed $13.6 billion in payments volume, down slightly from $13.7 billion last quarter, but in line with normal seasonal trends, the company said. That number is up 33% over first quarter last year.
Being a pioneer can be a bit isolating.

The unique approaches payment facilitators have taken to their markets often mean that they have challenges – and solutions – only other PFs are likely to understand.

Being a pioneer can be a bit isolating. The unique approaches payment facilitators have taken to their markets often mean that they have challenges – and solutions – only other PFs are likely to understand.

Parkmobile CEO Jon Ziglar envisions a world where we all leave our homes knowing the exact spot where we’ll park when we get to our destination.

U.S. cities are nowhere near reaching that parking utopia, meaning that there is plenty of room for Parkmobile and companies like it to grow.

Parkmobile CEO Jon Ziglar envisions a world where we all leave our homes knowing the exact spot where we’ll park when we get to our destination. U.S. cities are nowhere near reaching that parking utopia, meaning that there is plenty of room for Parkmobile and companies like it to grow.

When a technology company decides to take on payments, it often seems like a natural next step. Who wouldn’t want to extend their services by enabling clients to accept payments?

Then reality sinks in. Adding the technical capability to move money is one thing. Opening the door to the complex web of federal and state regulation and card brand rules is another.

When a technology company decides to take on payments, it often seems like a natural next step. Who wouldn’t want to extend their services by enabling clients to accept payments? Then reality sinks in. Adding the technical capability to move money is one thing. Opening the door to the complex web of federal and state regulation and card brand rules is another.

Paytm is expanding its use of QR codes to drive commerce at small retailers across India.

Earlier this week, the company announced it was opening up a channel for its small, local partner merchants. The program will enable them to sell products from its online Paytm Mall to customers who come into their stores.

Paytm is expanding its use of QR codes to drive commerce at small retailers across India. Earlier this week, the company announced it was opening up a channel for its small, local partner merchants. The program will enable them to sell products from its online Paytm Mall to customers who come into their stores.
Once a year, payment facilitators – and those thinking about being PFs – get to huddle with peers to learn more about mastering this fast-moving space.

This year, that event is on May 11 in Las Vegas. Payment Facilitator Day: A Closer Look is a full day of content by, for, and about PFs presented by PaymentFacilitator.com at the Electronic Transactions Association’s TRANSACT, the organization’s signature industry conference.

Attendees will have the chance to hear from and network with leaders in the space, including Adyen and Square.

Once a year, payment facilitators – and those thinking about being PFs – get to huddle with peers to learn more about mastering this fast-moving space. This year, that event is on May 11 in Las Vegas. Payment Facilitator Day: A Closer Look is a full day of content by, for, and about PFs presented by PaymentFacilitator.com at the Electronic Transactions Association’s TRANSACT. Attendees will have the chance to hear from and network with leaders in the space, including Adyen and Square.
Grab, a ride-hailing platform that is often referred to as Southeast Asia’s answer to Uber, is extending its payments platform through its acquisition of e-commerce platform Kudo.

The acquisition complements Grab’s existing network across Indonesia’s major cities, the company said. Kudo’s unique structure, with 400,000 agents in 500 towns across Indonesia, will extend Grab into smaller towns and rural areas as well.

The company said it is looking at ways to grow its community of riders and drivers, as well as expand Kudo’s financial services, using this combined distribution network.

Grab, a ride-hailing platform that is often referred to as Southeast Asia’s answer to Uber, is extending its payments platform through its acquisition of e-commerce platform Kudo. The acquisition complements Grab’s existing network across Indonesia’s major cities, the company said. Kudo’s unique structure, with 400,000 agents in 500 towns across Indonesia, will extend Grab into smaller towns and rural areas as well. The company said it is looking at ways to grow its community of riders and drivers, as well as expand Kudo’s financial services, using this combined distribution network.

Square announced this week that it has launched its business in the U.K. But does its timing mean that it’s already shut out of a competitive market?

Rick Oglesby doesn’t think so. Oglesby is principal of AZ Payments Group and a partner of Double Diamond Group, and he’s bullish on Square’s prospects.

Square announced this week that it has launched its business in the U.K. But does its timing mean that it’s already shut out of a competitive market? Rick Oglesby doesn’t think so. Oglesby is principal of AZ Payments Group and a partner of Double Diamond Group, and he’s bullish on Square’s prospects.