Leading payment facilitators are continuing to expand their presence and the capabilities they offer their merchant customers in this roundup of the past week’s news from around the industry.

Leading payment facilitator Shopify announced that it would enable checkout directly on its merchants’ domains, rather than redirecting customers to checkout.shopify.com for purchase completion. The company said that the capability would be free for all merchants and would be activated automatically.

Leading payment facilitators are continuing to expand their presence and the capabilities they offer their merchant customers in this roundup of the past week’s news from around the industry. Leading payment facilitator Shopify announced that it would enable checkout directly on its merchants’ domains, rather than redirecting customers to checkout.shopify.com for purchase completion. The company said that the capability would be free for all merchants and would be activated automatically.

Visa and Klarna announced on Tuesday that the card network plans to invest in the Stockholm-based company.

The move comes at a time when Klarna – which has 60 million consumer and 70,000 retailer customers – has said it is looking to expand its product offerings and challenge the financial services status quo on a larger scale.

Visa and Klarna announced on Tuesday that the card network plans to invest in the Stockholm-based company. The move comes at a time when Klarna – which has 60 million consumer and 70,000 retailer customers – has said it is looking to expand its product offerings and challenge the financial services status quo on a larger scale.
Recent surveys from the U.K. again highlight the difference between the market for contactless cards there vs. in the U.S.

A survey from Barclaycard says that British consumers now use contactless payments for more than half (51%) of their transactions under the limit of 30£.

Recent surveys from the U.K. again highlight the difference between the market for contactless cards there vs. in the U.S. A survey from Barclaycard says that British consumers now use contactless payments for more than half (51%) of their transactions under the limit of 30£.
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.
Much of the news over the past week has focused on enabling merchants to be everywhere. Several companies, including Wirecard and iZettle, have launched products to allow selling across borders using preferred local payments methods or unifying the consumer experience across mobile, e-commerce and the physical point of sale.

We also have news from Mastercard and an acquisition for Blackbaud in this week’s roundup.

Much of the news over the past week has focused on enabling merchants to be everywhere. Several companies, including Wirecard and iZettle, have launched products to allow selling across borders using preferred local payments methods or unifying the consumer experience across mobile, e-commerce and the physical point of sale. We also have news from Mastercard and an acquisition for Blackbaud in this week’s roundup.
Stockholm-based Klarna has secured a banking license from the Swedish Financial Supervisory Authority.

With this license, the company can operate as a bank across the European Union. And according to Klarna, securing the license makes it one of Europe’s largest banks right out of the gate, with 60 million customers.

The company sees itself as a formidable competitor to Europe’s banks.

Stockholm-based Klarna has secured a banking license from the Swedish Financial Supervisory Authority. With this license, the company can operate as a bank across the European Union. And according to Klarna, securing the license makes it one of Europe’s largest banks right out of the gate, with 60 million customers. The company sees itself as a formidable competitor to Europe’s banks.
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.
Businesses that have embraced the payment facilitator model often do so because they recognize the need to simplify the complex business of payments for their merchant clients.

They understand how important it has become to integrate payments into a merchant’s offerings in a flexible way that helps them serve their customers. A natural extension of that is the omnichannel approach – enabling the merchant to seamlessly connect with customers through both digital and in-person touchpoints.

Businesses that have embraced the payment facilitator model often do so because they recognize the need to simplify the complex business of payments for their merchant clients. They understand how important it has become to integrate payments into a merchant’s offerings in a flexible way that helps them serve their customers. A natural extension of that is the omnichannel approach – enabling the merchant to seamlessly connect with customers through both digital and in-person touchpoints.
In this week’s news roundup, Stripe expands and the agreements forged between PayPal and the card networks continue to deliver new features.

Leading payment facilitator Stripe said in a blog post that it has fully launched in six new European countries. Now businesses in Germany, Austria, Switzerland, the Netherlands, Belgium, and Luxembourg have access to all of Stripe’s products.

In this week’s news roundup, Stripe expands and the agreements forged between PayPal and the card networks continue to deliver new features. Leading payment facilitator Stripe said in a blog post that it has fully launched in six new European countries. Now businesses in Germany, Austria, Switzerland, the Netherlands, Belgium, and Luxembourg have access to all of Stripe’s products.
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?
Munich-based payments processor Wirecard continues to expand its global reach, this time with a new partnership in Turkey.

Wirecard Turkey recently announced that it is enabling payments for Istanbul-based Startsub, operator of the web site Aydanaya.com.

Munich-based payments processor Wirecard continues to expand its global reach, this time with a new partnership in Turkey. Wirecard Turkey recently announced that it is enabling payments for Istanbul-based Startsub, operator of the web site Aydanaya.com.
India’s push to digitize financial transactions and remove cash from its payment systems continues.

The government’s latest instructions focus on a specific vertical, potentially expanding opportunity for payment facilitators and other payment providers in India.

India’s push to digitize financial transactions and remove cash from its payment systems continues. The government’s latest instructions focus on a specific vertical, potentially expanding opportunity for payment facilitators and other payment providers in India.
This week, simplicity and convenience – whether that means shopping from the comfort of home, paying wherever you are or just having the ability to use your preferred method – are at the center of much of the payments industry news.

Paytm has expanded on its use of QR codes to bring online and offline together for small merchants, Visa has launched a new program aimed at its partners in B2B, and Amazon hit a milestone.

This week, simplicity and convenience – whether that means shopping from the comfort of home, paying wherever you are or just having the ability to use your preferred method – are at the center of much of the payments industry news. Paytm has expanded on its use of QR codes to bring online and offline together for small merchants, Visa has launched a new program aimed at its partners in B2B, and Amazon hit a milestone.
The technology news from Asia often talks about how likely consumers there are to embrace mobile technology, particularly payments.

Those stories often refer to places like China, where adoption rates are significantly higher than in the U.S., for example.

But Japan appears to be a different story.

The technology news from Asia often talks about how likely consumers there are to embrace mobile technology, particularly payments. Those stories often refer to places like China, where adoption rates are significantly higher than in the U.S., for example. But Japan appears to be a different story.
At PaymentFacilitator.com, we want to be the first place you look for information that is relevant to payment facilitators and important to your business.

That’s why we’re introducing the new Payment Facilitator Resource Center, sponsored by Vantiv. We plan to collect valuable information on topics including onboarding and underwriting submerchants, risk management, market research, and compliance, just to name a few.

At PaymentFacilitator.com, we want to be the first place you look for information that is relevant to payment facilitators and important to your business. That’s why we’re introducing the new Payment Facilitator Resource Center, sponsored by Vantiv. We plan to collect valuable information on topics including onboarding and underwriting submerchants, risk management, market research, and compliance, just to name a few.
If you’re familiar with payment facilitation, chances are that you’re already savvy about payments. As a payment facilitator, you become a “mini-acquirer,” managing your own community of merchants.

Payment facilitation can be critical to enabling new business models, but for developers it can present gnarly technical challenges. The top five “must-haves” for payment facilitator APIs are described below.

If you’re familiar with payment facilitation, chances are that you’re already savvy about payments. As a payment facilitator, you become a “mini-acquirer,” managing your own community of merchants. Payment facilitation can be critical to enabling new business models, but for developers it can present gnarly technical challenges. The top five “must-haves” for payment facilitator APIs are described below.
In a look at this week’s payments industry news, we gather some of the reactions to Apple’s recent announcements from its Worldwide Developer Conference, and payments companies announce partnerships and new products to make payments easier for developers and merchants.
In a look at this week’s payments industry news, we gather some of the reactions to Apple’s recent announcements from its Worldwide Developer Conference, and payments companies announce partnerships and new products to make payments easier for developers and merchants.
The Indian government’s pro-digital policies are having a significant effect on behavior in that country. That is according to the Internet Trends Report, a wide-ranging presentation published annually by venture capital firm Kleiner Perkins.

The 2017 report puts hard numbers to some of the global digital payments trends we’ve been watching at PaymentFacilitator.com – trends that have been creating opportunity for dominant payment facilitators. Here are a few of the highlights.

The Indian government’s pro-digital policies are having a significant effect on behavior in that country. That is according to the Internet Trends Report, a wide-ranging presentation published annually by venture capital firm Kleiner Perkins. The 2017 report puts hard numbers to some of the global digital payments trends we’ve been watching at PaymentFacilitator.com – trends that have been creating opportunity for dominant payment facilitators. Here are a few of the highlights.
The drive among payments companies, banks, and governments to displace cash continues. And for many, the concept of using QR codes holds a great deal of promise.

Relatively easy to use and implement, the two-dimensional codes are more attractive to small and micro-merchants – where cash still reigns in many cases.

But are they being accepted by users?

The drive among payments companies, banks, and governments to displace cash continues. And for many, the concept of using QR codes holds a great deal of promise. Relatively easy to use and implement, the two-dimensional codes are more attractive to small and micro-merchants – where cash still reigns in many cases. But are they being accepted by users?
Recent surveys have highlighted just how different your opinion of cash could be depending on where you live – and how close you might be to living in a society that drops cash for cards or mobile payment options.

No matter where they’re located, as consumers increasingly embrace the idea of a world without cash, the opportunities for payment facilitators to connect merchants with buyers are rising.

Recent surveys have highlighted just how different your opinion of cash could be depending on where you live – and how close you might be to living in a society that drops cash for cards or mobile payment options. No matter where they’re located, as consumers increasingly embrace the idea of a world without cash, the opportunities for payment facilitators to connect merchants with buyers are rising.