For decades, payments have been the purview of large companies and payment processors. Software companies have traditionally had to rely on third-party integrations to allow their customers to accept payments using their platform, which has caused a disjointed customer experience between software and payments.
PAR Technology, a provider of point-of-sale hardware and software to the restaurant industry, recently introduced its own all-in-one payment processing solution called PAR Payment Services.
PaymentFacilitator’s News Roundup is a curated mix of the past week’s news and articles from...
For decades, payments have been the purview of large companies and payment processors. Software companies have traditionally had to rely on third-party integrations to allow their customers to accept payments using their platform, which has caused a disjointed customer experience between software and payments.
In the latest back-and-forth between federal regulators and their opponents over supervision of nonbank fintech companies, Acting Comptroller of the Currency Brian Brooks defended his agency’s efforts to develop a national regulatory scheme for fintech companies at a conference last week.
If payment facilitators were a fast food chain, the merchant experience might be their secret sauce – that special component that sets them apart from their competitors. The model is known for simplifying merchant applications and reducing unnecessary paperwork. There is a balance, however, between reducing friction and protecting the payments system from bad actors.
The payments industry is filled with confusing terms, many of which are used interchangeably. This confusion is compounded by the fact that the industry has changed rapidly in recent years, giving rise to new terms while others fall away.
PaymentFacilitator’s News Roundup is a curated mix of the past week’s news and articles from around the web, including company announcements, global payments news, and other coverage and analysis of topics relevant to payment facilitators.
Payment facilitators PayPal and Square are among the non-bank companies authorized by the U.S. Small Business Administration to provide loans to small businesses through the agency’s Paycheck Protection Program.
The outbreak of a global pandemic is unlike anything the payments industry has previously encountered. But that doesn’t mean the resulting threats themselves are new – simply that the risk of encountering them is dramatically heightened.
If payment facilitators were a fast food chain, the merchant experience might be their secret sauce – that special component that sets them apart from their competitors. The model is known for simplifying merchant applications and reducing unnecessary paperwork. There is a balance, however, between reducing friction and protecting the payments system from bad actors.
For decades, payments have been the purview of large companies and payment processors. Software companies have traditionally had to rely on third-party integrations to allow their customers to accept payments using their platform, which has caused a disjointed customer experience between software and payments.
