Is Becoming a Payment Facilitator Right for You?

Payments
Is Becoming a Payment Facilitator Right for You?
Payment Facilitator
Is Becoming a Payment Facilitator Right for You?
As a software provider, you have many options for bringing your payments solution to market. One avenue is to become a payment facilitator (PF). But what exactly does it entail? Following are answers to some of the most common questions about payment facilitators, to help you determine if this is the right path for your business.

Arizona is First US State to Implement Fintech Sandbox: News Roundup

Payments
Arizona is First US State to Implement Fintech Sandbox: News Roundup
Payment Facilitator
Arizona is First US State to Implement Fintech Sandbox: News Roundup
Arizona becomes the first US state to implement a fintech sandbox to drive innovation. And in other news, the Bank of England, Singapore Fintech Association and the Fintech Association of Japan all lead individual efforts to foster fintech.

“Match Made in Heaven”: PF Partnership Enables Parishioner Payments

Payments
“Match Made in Heaven”: PF Partnership Enables Parishioner Payments
Payment Facilitator
“Match Made in Heaven”: PF Partnership Enables Parishioner Payments
The Church of England is going cashless with the help of PFs iZettle and SumUp.

The church announced this week that a partnership with the two companies would enable churches across England to accept cashless payments for events, church and hall bookings, and one-off donations.

Supplement KYC Efforts Using Corporate Registration Research

Payments
Supplement KYC Efforts Using Corporate Registration Research
Payment Facilitator
Supplement KYC Efforts Using Corporate Registration Research
As Know Your Customer (KYC) regulations become increasingly critical in the underwriting process, payment facilitators may seek to better understand high-risk merchants by collecting information separate from what is provided by the applicants themselves. Corporate registration records offer reliable, useful data that may help to paint a more complete picture than application information alone. Knowing where to look and what to look for may lead to more effective Customer Due Diligence (CDD) or Enhanced Due Diligence (EDD) efforts.

Adyen, SafeCharge and BlueSnap Expand Their Footprints

Payments
Adyen, SafeCharge and BlueSnap Expand Their Footprints
Payment Facilitator
Adyen, SafeCharge and BlueSnap Expand Their Footprints
Payments platform Adyen announced the launch of its POS offering in Singapore and the subsequent expansion of its unified commerce footprint. SafeCharge also reports significant growth numbers and BlueSnap’s all-in-one platform solution has grown ten-fold year over year.

Apstra Demonstrates Open Networking — SONiC over Mellanox at OCP Summit

Networks
Apstra Demonstrates Open Networking — SONiC over Mellanox at OCP Summit
Apstra Blog
Apstra Demonstrates Open Networking — SONiC over Mellanox at OCP Summit

Apstra® has been involved with the Open Compute Project (OCP) since we came out of stealth in 2016. We make infrastructure simple, empower network operators, and are customer-driven. We support the OCP mission to disaggregate networking hardware and software and create a vibrant open networking ecosystem, enabling faster innovation, and creating better efficiency in data center deployments.

Google Partners with Shopify; Mastercard and IBM Collaborate: News Roundup

Payments
Google Partners with Shopify; Mastercard and IBM Collaborate: News Roundup
Payment Facilitator
Google Partners with Shopify; Mastercard and IBM Collaborate: News Roundup
Google partners with Shopify and the Las Vegas Monorail to drive digital while Mastercard collaborates with IBM to form independent trust body Trūata. And in other news, a new emerging markets fund is created to support fintech innovation.

India’s Digital Transactions Projected to Reach $1 Trillion Annually by 2025

Payments
India’s Digital Transactions Projected to Reach $1 Trillion Annually by 2025
Payment Facilitator
India’s Digital Transactions Projected to Reach $1 Trillion Annually by 2025
According to Transactions 2025 – a recent white paper authored by ACI Worldwide (a real-time electronic payments and banking solutions provider) and AGS Transact Technologies (an end-to-end payment solutions company in India) – India’s payments ecosystem is undergoing rapid transformation.