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.

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.
This may come as a surprise to some, but people who use Airbnb aren’t always on the up-and-up.

Despite the home-sharing marketplace’s efforts to keep fraudulent listings and other bad behavior off the site, scams still make headlines. The company is apparently hoping that technology can help.

This may come as a surprise to some, but people who use Airbnb aren’t always on the up-and-up. Despite the home-sharing marketplace’s efforts to keep fraudulent listings and other bad behavior off the site, scams still make headlines. The company is apparently hoping that technology can help.
Interest in the business of payment facilitation is growing, not just among companies lured in to monetize transactions and the investors excited to fund fast-growing startups, but also regulators wanting to make sure a new third party isn’t taking advantage of consumers.

And all these eyes on the industry mean payment facilitators themselves, and companies thinking about switching to the model, are hungry for more information about how to run their business to take full advantage of all the opportunity in the space.

Interest in the business of payment facilitation is growing, not just among companies lured in to monetize transactions and the investors excited to fund fast-growing startups, but also regulators wanting to make sure a new third party isn’t taking advantage of consumers. And all these eyes on the industry mean payment facilitators themselves, and companies thinking about switching to the model, are hungry for more information about how to run their business to take full advantage of all the opportunity in the space.
A roundup of some of this week’s headlines includes biometric authentication news from PayPal and Trulioo, as well as a survey about the challenges of small and medium-sized businesses from WePay.

PayPal has further expanded its relationship with Google, announcing that Android Pay users can now make payments at online merchants using their fingerprints as authentication.

A roundup of some of this week’s headlines includes biometric authentication news from PayPal and Trulioo, as well as a survey about the challenges of small and medium-sized businesses from WePay.
In many respects, India's 9-year-old Aadhaar national ID system is a global model for simplifying payments, banking and payroll operations. It was designed to be a comprehensive database allowing easy access to bank accounts and other payments mechanisms. As a concept, it worked brilliantly.

But according to data from a report from the Centre For Internet and Society, it also serves as a world-class example of security recklessness, with methods so sloppy that they could have exposed sensitive data about almost a quarter of a billion Indian citizens.

In many respects, India's 9-year-old Aadhaar national ID system is a global model for simplifying payments, banking and payroll operations. It was designed to be a comprehensive database allowing easy access to bank accounts and other payments mechanisms. As a concept, it worked brilliantly. But according to data from a report from the Centre For Internet and Society, it also serves as a world-class example of security recklessness, with methods so sloppy that they could have exposed sensitive data about almost a quarter of a billion Indian citizens.
In a roundup of news from this week, Adyen announces significant growth, Stripe upgrades its Atlas program, Mastercard is taking applicants for summer Start Path Global program, and Wirecard and Alipay continue their expansion.
In a roundup of news from this week, Adyen announces significant growth, Stripe upgrades its Atlas program, Mastercard is taking applicants for summer Start Path Global program, and Wirecard and Alipay continue their expansion.
Visa and leading payment facilitator PayPal announced an expansion of a strategic partnership they entered into in the U.S. last summer.

The partnership is an agreement to work jointly to grow the adoption of mobile and digital payments. This latest agreement covers the Asia Pacific region.

As was the case in the U.S., the APAC partnership includes PayPal’s use of the Visa’s Digital Enablement Program (VDEP), which gives PayPal access to Visa’s tokenization technology. This enables PayPal users to conduct secure transactions at point-of-sale locations where Visa is accepted.

Visa and leading payment facilitator PayPal announced an expansion of a strategic partnership they entered into in the U.S. last summer. The partnership is an agreement to work jointly to grow the adoption of mobile and digital payments. This latest agreement covers the Asia Pacific region.
With frictionless underwriting, it’s easy to sign up for merchant accounts in seconds. If that’s the case, what’s to keep bad actors from signing up for multiple accounts, with multiple service providers?

In the latest in our series of industry perspectives on frictionless onboarding, we talk to Danny Klein, the COO of cyber risk intelligence provider EverCompliant, about how risk has evolved along with the practice.

With frictionless underwriting, it’s easy to sign up for merchant accounts in seconds. If that’s the case, what’s to keep bad actors from signing up for multiple accounts, with multiple service providers? In the latest in our series of industry perspectives on frictionless onboarding, we talk to Danny Klein, the COO of cyber risk intelligence provider EverCompliant, about how risk has evolved along with the practice.
We continue our series on frictionless underwriting this week with a closer look at India’s rapidly changing environment and what it means for onboarding and monitoring merchants.

With the advent of rapid digitalization in India, the race has been on for payments providers to board many merchants quickly.

Companies have responded to the government’s aggressive moves toward a digital economy by announcing a slew of new initiatives intended to bring small merchants into the fold.

With the advent of rapid digitalization in India, the race has been on for payments providers to board many merchants quickly. Companies have responded to the government’s aggressive moves toward a digital economy by announcing a slew of new initiatives intended to bring small merchants into the fold.
The advent of frictionless underwriting turned the payments world on its head. The ability to onboard merchants quickly with a minimum of fuss has enabled small merchants to accept payments more easily, clearing the way for many more to enter the market.

But the practice does have its downside. Lowering barriers to entry into the payments system lowers them for everyone, not just the good guys. With that in mind, PaymentFacilitator.com is beginning a series on the perils and the benefits of frictionless underwriting.

The advent of frictionless underwriting turned the payments world on its head. The ability to onboard merchants quickly with a minimum of fuss has enabled small merchants to accept payments more easily, clearing the way for many more to enter the market. But the practice does have its downside. Lowering barriers to entry into the payments system lowers them for everyone, not just the good guys. With that in mind, PaymentFacilitator.com is beginning a series on the perils and the benefits of frictionless underwriting.
This week, we talk with Melissa Sutherland, director of merchant solutions for LegitScript, a compliance company. Sutherland is also deeply involved with the Merchant Acquirers’ Committee, otherwise known as MAC.

We talk with Sutherland about the benefits of MAC membership and the reasons she’s involved. She shares some of the background behind the formation of the organization. The founders, she said, wanted to feel free to share information with each other about fraud and “didn’t want to be constricted by competition.”

This week, we talk with Melissa Sutherland, director of merchant solutions for LegitScript, a compliance company. Sutherland is also deeply involved with the Merchant Acquirers’ Committee, otherwise known as MAC. We talk with Sutherland about the benefits of MAC membership and the reasons she’s involved. She shares some of the background behind the formation of the organization. The founders, she said, wanted to feel free to share information with each other about fraud and “didn’t want to be constricted by competition.”
For an established company to grow, it needs to find new paths.

Sometimes, those paths lead somewhere unexpected.

Visa’s payment facilitator program is just such a route. For Visa, the program began simply as a way to expand acceptance of its cards. But it has evolved into much more.

For an established company to grow, it needs to find new paths. Sometimes, those paths lead somewhere unexpected. Visa’s payment facilitator program is just such a route. For Visa, the program began simply as a way to expand acceptance of its cards. But it has evolved into much more.
This week, we talk with Chris Bucolo, director of market strategy for managed security service provider ControlScan, about e-commerce security.

When they take on payments, companies jump into a complex system where all parties are responsible for maintaining data security.

In some cases, payment facilitators are companies that have created applications that work well for the vertical they serve. But they may not always be aware of all the risk elements associated with that application.

This week, we talk with Chris Bucolo, director of market strategy for managed security service provider ControlScan, about e-commerce security. When they take on payments, companies jump into a complex system where all parties are responsible for maintaining data security. In some cases, payment facilitators are companies that have created applications that work well for the vertical they serve. But they may not always be aware of all the risk elements associated with that application.
In this week’s podcast, we’re talking with Vadeene Sisk, chair of the Education Committee and secretary for MAC. She shares her perspective on what the organization does and how it can help payment facilitators. She also lets listeners in on highlights from some of the organization’s recent educational activities, including a popular webinar on what to expect from a Trump administration.
In this week’s podcast, we’re talking with Vadeene Sisk, chair of the Education Committee and secretary for MAC. She shares her perspective on what the organization does and how it can help payment facilitators.</p><p>She also lets listeners in on highlights from some of the organization’s recent educational activities, including a popular webinar on what to expect from a Trump administration.
In a roundup of briefs from this week’s news, payment tech companies have been busy making deals and introducing new capabilities, India’s payments app is now available for more users, and Aite talks to acquirers about best practices for merchant onboarding.

Australian payment facilitator PromisePay has changed its name to Assembly. The company cited its evolution from an online payments provider to a company focused on customer experience, as the reason for the change.

In a roundup of briefs from this week’s news, payment tech companies have been busy making deals and introducing new capabilities, India’s payments app is now available for more users, and Aite talks to acquirers about best practices for merchant onboarding.
In this week’s podcast, we talk to Marcus Smith, senior vice president of Risk Management for iPayment, a provider of payment solutions and processing services, about the tools used in underwriting submerchants.

Smith points out that while underwriting tools themselves are relatively simple, interpreting the results effectively requires some training.

In this week’s podcast, we talk to Marcus Smith, senior vice president of Risk Management for iPayment, a provider of payment solutions and processing services, about the tools used in underwriting submerchants. Smith points out that while underwriting tools themselves are relatively simple, interpreting the results effectively requires some training.
Companies and organizations ranging from the U.S. Chamber of Commerce to banking technology provider Fiserv have submitted comments on a proposed rule from three federal agencies regarding enhanced cyber risk management standards. The advance notice of proposed rulemaking (ANPR) is directed at financial institutions and their service providers. The agencies said that they are considering enhanced standards to mitigate against the impact of technology failures and cyberattacks on one of those entities.

While any resulting rule is unlikely to apply to payment facilitators at this point, that doesn’t mean they should ignore it.

Companies and organizations ranging from the U.S. Chamber of Commerce to banking technology provider Fiserv have submitted comments on a proposed rule from three federal agencies regarding enhanced cyber risk management standards. The advance notice of proposed rulemaking (ANPR) is directed at financial institutions and their service providers. The agencies said that they are considering enhanced standards to mitigate against the impact of technology failures and cyberattacks on one of those entities. While any resulting rule is unlikely to apply to payment facilitators at this point, that doesn’t mean they should ignore it.
In a roundup of this week’s industry news, InstaMed tokenizes payment information for healthcare patient portals, Adyen nearly doubles transaction volume, and PayPal has a busy week.

Payment facilitator InstaMed has introduced what it calls the InstaMed Secure Token. The token enables healthcare providers to integrate payments within their patient portals without storing sensitive payment information on their servers.

In a roundup of this week’s industry news, InstaMed tokenizes payment information for healthcare patient portals, Adyen nearly doubles transaction volume, and PayPal has a busy week.
In our roundup of this week’s industry news, a Singapore PF looks to expand with an Alipay acquirer and Intuit comes to an agreement over data sharing with JPMorgan Chase.

Singapore payment facilitator MCPayment announced that it has taken a controlling stake in Genesis Payment Solutions, a company licensed to acquire merchants on behalf of Alipay.

In our roundup of this week’s industry news, a Singapore PF looks to expand with an Alipay acquirer and Intuit comes to an agreement over data sharing with JPMorgan Chase.