Investors Lured by Hockey Stick Growth of Payment Facilitators

Payments
Investors Lured by Hockey Stick Growth of Payment Facilitators
Payment Facilitator Mobile Business Compliance Security Payments Industry
Investors Lured by Hockey Stick Growth of Payment Facilitators
While most people outside the industry don’t know what a payment facilitator is by name, the process of simplifying merchant onboarding to allow merchants to quickly start accepting payments is a business model seeing increased interest from the venture capital community.

According to panelists at Payment Facilitator Day during the ETA’s TRANSACT 17 conference, the payment facilitator industry is still in the very early days, but there’s substantial interest both by software companies looking to follow the PF model and investors looking to funnel money into the model.

Talk to Your Developers! Square Insists They’re Key

Payments
Talk to Your Developers! Square Insists They’re Key
Payment Facilitator Mobile Business Compliance Security Payments Industry
Talk to Your Developers! Square Insists They’re Key
Developers, according to Square Developer Lead Carl Perry, are the most important community for many payment facilitators.

It’s not something payment facilitators hear very much, but developers are a core part of the business, and payment facilitators need to make the building of payment solutions streamlined for this group.

And this is especially important as payments and all the features around payments become more complex. With increasing consumer payment options, such as NFC, EMV and bitcoin, and multichannel strategies for acceptance, developers have a challenge to build solutions that keep up with buyers’ quickly changing demands of payments whenever, wherever.

Coal Fires and Self-Operating Networks

Networks
Coal Fires and Self-Operating Networks
Apstra Blog
Coal Fires and Self-Operating Networks

Recently I had the opportunity to make a series of videos talking about some of the challenges Network Engineers have in their day to day work.  They are located here:  Part 1, Part 2, and Part 3.  Specifically, I talk about how we are, in many situations, our own worst enemy.  So what kind of behaviors and thinking do we engage in that have a significant negative impact on us?  And is there a vision for getting us out of this mess?  Let’s find out, but first…

Transition to a Self-Operating CLOS

Networks
Transition to a Self-Operating CLOS
Apstra Blog
Transition to a Self-Operating CLOS

This blog is about how to transform a 3-tier (core-distribution-access) network into a multi-vendor L3 CLOS using the Apstra Operating System (AOS). This can represent a big step forward for most enterprises with big benefits including complete lifecycle automation.

Chasing Mavericks – Catching and Surfing Market Transitions

Networks
Chasing Mavericks – Catching and Surfing Market Transitions
Apstra Blog
Chasing Mavericks – Catching and Surfing Market Transitions

I remember my first time surfing — Ken Hook took me out to Linda Mar in Pacifica, California early on a chilly Sunday. I bought a wetsuit, borrowed a 9’6” ‘soul board’ from Ken and proceeded to inhale enough water to fill a bathtub. I got pummeled on the swim out and turned into a washing machine, never understood how to ‘turtle’ to take a big wave, and maybe got to a knee coming back in two hours later. I didn’t surf again for twelve years.

The swim out is the hardest part for me and I have always been a fairly decent swimmer, but swimming with waves crashing into you, getting pushed back 2-3 lengths for every 3-4 you go forward can beat you down both mentally and physically. There is a magic spot though, once you get past the waves, where you can sit on your board and feel the burgeoning swells grow under you and pass by without crashing on top of you. Whether you meditate, do yoga, or just find a shady spot and daydream — that spot past the blast zone is a similar place, one that lets you experience the power and the tranquility at the same time. It is a true gift.

Thermostats, Self-Driving Cars, and Self-Operating Networks™

Networks
Thermostats, Self-Driving Cars, and Self-Operating Networks™
Apstra Blog
Thermostats, Self-Driving Cars, and Self-Operating Networks™

Modern automation systems have two fundamental characteristics — they are Intent-Based and they are Closed-Loop. Yet it is only today, and with Apstra’s Intent-Based Self-Operating Network™ that these concepts are being introduced to network infrastructures!

News Roundup: Visa, Mastercard Standardize QR Code

Payments
News Roundup: Visa, Mastercard Standardize QR Code
Payment Facilitator Mobile Business Compliance Security Payments Industry
News Roundup: Visa, Mastercard Standardize QR Code
In a roundup of this week’s news, major card brands are continuing their expansion of digital payments acceptance, targeting cash usage at small and micro businesses and at festivals. And eMarketer ventures a prediction about the cross-border e-commerce shopping habits of German consumers.

Super Sloppy Security Gushes Aadhaar PII

Payments
Super Sloppy Security Gushes Aadhaar PII
Payment Facilitator Mobile Business Compliance Security Payments Industry
Super Sloppy Security Gushes Aadhaar PII
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.

New Payment Facilitator Platform Enables PFs to Get Up and Running Faster

Payments
New Payment Facilitator Platform Enables PFs to Get Up and Running Faster
Payment Facilitator Mobile Business Compliance Security Payments Industry
New Payment Facilitator Platform Enables PFs to Get Up and Running Faster
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.

Aeon-ZTPS: Bootstrap a Multi-Vendor Network

Networks
Aeon-ZTPS: Bootstrap a Multi-Vendor Network
Apstra Blog
Aeon-ZTPS: Bootstrap a Multi-Vendor Network

Whether you have a data center, campus, or remote branch deployment, bootstrapping new equipment is not fun.  The job is very time consuming and highly error prone when done manually. People want a “human free” solution  commonly called zero-touch-provisioning.  The basic concept is simple: power-on equipment from factory-reset, get an IP address from DHCP, get the right version of network operating system (NOS) installed, and finally apply the device specific configuration.  Simple in theory, not so great in practice.  Here’s why: