Ups, Downs, and “Frothiness” in Between: PF Day Wrap

Payments
Ups, Downs, and “Frothiness” in Between: PF Day Wrap
Payment Facilitator Mobile Business Compliance Security Payments Industry
Ups, Downs, and “Frothiness” in Between: PF Day Wrap
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.

First Data Launches New E-Commerce Solutions for PFs

Payments
First Data Launches New E-Commerce Solutions for PFs
Payment Facilitator Mobile Business Compliance Security Payments Industry
First Data Launches New E-Commerce Solutions for PFs
Payment processor First Data has launched a new e-commerce program for payment facilitators that it’s calling Global PFAC.

As part of First Data’s e-commerce suite of products, Global PFAC offers a single integration interface that allows merchants to settle and fund transactions in more than 40 countries and 17 currencies.

Ansible Automation Integrates with Apstra Intent-Based Networking

Networks
Ansible Automation Integrates with Apstra Intent-Based Networking
Apstra Blog
Ansible Automation Integrates with Apstra Intent-Based Networking

Things are moving quickly here at Apstra. We have so many cool things to announce in the next few months, and today we get to share a little bit about our integration work with Ansible 2.3. This update will be short, because we feel this integration effort deserves it’s own webinar. On April 20th at 11:00 AM PST Andrius Benokraitis from Ansible and Damien Garros from Apstra will take webinar participants on a detailed walk-through of the work they’ve done. So definitely sign up and put it on your calendars!

CSBS Seeks to Streamline State Regulation

Payments
CSBS Seeks to Streamline State Regulation
Payment Facilitator Mobile Business Compliance Security Payments Industry
CSBS Seeks to Streamline State Regulation
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.

New Threats From States and Old Ones From the CFPB: PF Regulatory Responsibilities Aren’t Getting Any Lighter

Payments
New Threats From States and Old Ones From the CFPB: PF Regulatory Responsibilities Aren’t Getting Any Lighter
Payment Facilitator Mobile Business Compliance Security Payments Industry
New Threats From States and Old Ones From the CFPB: PF Regulatory Responsibilities Aren’t Getting Any Lighter
As third parties, payment facilitators have a complicated regulatory framework to wade through. And it’s unlikely to get untangled any time soon, especially as state regulators look to clamp down on a payments industry they don’t fully understand, according to panelists at Payment Facilitator Day during the ETA’s TRANSACT 17 conference.

Prepaid, money transmission, data and cyber security, these are perennial worries, one panelist said, but one particular trend in state regulation has her very nervous.

News Roundup: PayPal and Google Expand Partnership Again

Payments
News Roundup: PayPal and Google Expand Partnership Again
Payment Facilitator Mobile Business Compliance Security Payments Industry
News Roundup: PayPal and Google Expand Partnership Again
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.

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.