Payments News

On The Web

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Providers

As even small merchants sell globally, payments industry faces bigger demands

“Within the past decade or so, a growing number of payments platforms has targeted international e-commerce transactions, and with good reason. Research firm Forrester predicts that cross-border e-commerce will outpace domestic growth, with a compound annual growth rate of 17 percent between 2017 and 2022, compared with 12 percent for overall B2C ecommerce.”
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Providers

With Fast-Growing Fintechs Taking a Toll, Banks Will Soon Claim Less Than 50% of Payments Revenue

“In 2017, U.S. banks’ total payments revenue netted out to $163 billion, with nonbanks claiming revenue of $136 billion, according to the research released recently by Accenture Payments. That already meant nonbanks ranging from the likes of Apple Pay, PayPal, and Square to less well-known players claimed a 45% share of revenue last year.”

On The Wires

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Providers

BlueSnap Launches Embedded Payments Suite to Help Software Platforms Maximize Revenue Globally

“BlueSnap , a global payment orchestration platform committed to helping B2B and B2C businesses accept and optimize payments around the world, has launched its Embedded Payments and Payfac-as-a-Service offering for software platforms looking to scale their customer base globally. BlueSnap has been helping software platforms monetize their payments for several years with their Integrated Payments […]
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Providers

Cardknox Unveils Cardknox Go, Its Proprietary, End-to-End Payment Facilitator Solution for Developers

“Cardknox, a leading developer-friendly payment technology provider, today announced the release of its payment facilitator (payfac) model, Cardknox Go. As a comprehensive payment facilitator platform, Cardknox Go gives developers, ISVs, and VARs the ability to onboard merchant accounts easily and in record time, who in turn can provide their merchants with the benefits of flat-rate […]
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Deals

Tilled Raises $11M Series A to Provide PayFac-as-a-Service Infrastructure to Software Companies

“PayFac-as-a-Service startup Tilled today announced the close of $11 million in Series A funding to empower software companies to monetize the payments flowing through their platforms. With Tilled, software companies in the United States and Canada can begin to profit from the millions or billions of dollars in payments they are processing each year, with no startup costs or additional […]
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Deals

MissionOG and Mastercard Lead Infinicept’s Latest Funding Round to Help Software Companies Get Embedded Payments Going Their Way

“Infinicept today announced a new funding round led by Mastercard and MissionOG, which will help the company accelerate growth and adoption for its flexible payments infrastructure platform. Infinicept has more than 250 software, banking and fintech customers in 25 countries, and yearly payments volume has increased 800 percent as more companies embed payment services to […]
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Providers

Fattmerchant and Finix Launch Flex to Streamline Software Companies’ Path to Payment Facilitation

“Fattmerchant, an integrated payment technology provider that simplifies the payment processing experience for business owners, today announces its partnership with Finix, a payments infrastructure platform, to power Finix Flex. The new offering allows SaaS platforms, independent software vendors (ISVs), and value-added resellers (VARs) to start processing payments immediately within their platforms and future-proof their payments […]
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Providers

Fattmerchant Launches Omni Connect, Enabling Software Companies to Accept Payments Directly in Their Platforms

“Fattmerchant, an integrated payment technology provider that simplifies the payment processing experience for business owners, today announces the launch of Omni Connect, a managed payments platform that brings together all of the necessary tools required to enable software companies to become payment facilitators (payfacs) and accept payments within their platforms seamlessly. Service Fusion, a cloud-based […]
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Providers

ETA Announces Updated Payment Facilitator Guidelines

“The Electronic Transactions Association (ETA), the global trade association representing the payments technology industry, today released the second version of the ETA Payment Facilitator Guidelines to reflect the latest industry rule changes. The Guidelines were developed as a tool to assist in the risk management of the payments industry and to provide guidance to payment facilitators to maintain their […]