Improving Risk Management For Payment Facilitation
Risk is on everyone’s minds. Financial risk, transaction risk, regulatory risk, risk from increasingly sophisticated fraud, risk from AI, among others, dominated the share of mind. And there are a dozen generative AI based tools vying to manage each vector of risk. But one risk topic that isn’t being talked about, and from our perspective, should be talked about, is the risk management practices of many Payment Facilitators.
Risk Management: A Dimensional Approach
This framework explores the concept of dimensional risk modeling, focusing on the RPY Dimensional Risk model. This model incorporates Legal, Financial, and Transactional risks, which aggregate to generate Reputational Risk.
Interchange Update, October 2023
Card brands are going to update their interchange and card brand fees and we’ll go over some of the important takeaways here.
Reasons to Hire A Payments Consultant
Hiring an independent payments consultant can offer several valuable advantages, including expediting your market entry, avoiding conflicts of interest with sponsors, gaining access to the best partners, and more.
What is a Payment Facilitator? And How Can I Become One?
Exploring the controls, collaborations, agreements and compliance required to become a Payment Facilitator - and the benefits thereof.
Payment Facilitators Acquiring Marketplace Businesses
Visa's recent update allows Payment Facilitators to acquire approved Marketplaces, a significant change that requires a thorough understanding of regulatory, compliance, and operational risks involved.
Visa Card Brand Rules Update to Payment Facilitation
Visa's recent Card Brand Rules update, effective immediately from October 16th, represents a significant transformation of Payment Facilitator policies, impacting four key areas: new exceptions to Merchant/Acquirer Agreement requirements, lowered Acquirer equity reserve requirements for certain regions, changes to jurisdiction requirements for Payment Facilitators, and expanded acceptable entity types for Payment Facilitators.
Buy Now, Pay Later is the Future of Payments. Just Ask Industry Leaders
The Buy Now, Pay Later (BNPL) approach is transforming the payments ecosystem by providing an alternative to traditional credit scores and credit card systems.
ETA’s Payment Facilitation Panel Helps Keep Payment Facilitators Informed and Compliant
The ETA Payment Facilitator Committee has been actively providing important information and support to members, including recent discussions on handling 1099-K reporting for payment facilitators, featuring experts Jennifer Maddux, Wendy Walker, Andrew Winslow, and Nicole Meisner.
ETA PayFac Guidelines: Upcoming Webinar April 15th, 2021
The ETA will host a webinar on April 15th, featuring a panel of industry experts including Tom Humphrey, Edward Marshall, Andrea McMullen, and the author, discussing their recently published "Guidelines for Payment Facilitation".