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The world of EmbeddedPayments saw remarkable developments in 2024, shaping strategies and innovations across the industry. In a compelling discussion on PayFAQ: The EmbeddedPayments podcast, Ian Hillis hosted payments veterans Ella Aguirre and Michael Veatch to reflect on the past year.
Becoming your own Payment Facilitator (PayFac) sounds greatuntil you realize its a regulatory nightmare , a financial black hole , and takes longer than your last DIY home improvement project (which, lets be honest, is still unfinished). Biggest Perk: Handles compliance, risk, and merchant onboarding so you dont have to.
In embedded finance, APIs connect your platform to banks, processors, KYC tools, and more. Compliance-as-a-Service (aka Regulatory-as-a-Service, RaaS) Translation: Legal protection on autopilot. Essential for reconciliation, compliance, and transparency. PCI Compliance Translation: The sacred rulebook of credit card safety.
Among the most recent strategies proving successful for software companies is EmbeddedPayments. In fact, a recent report from IDC estimates that by 2030, 74% of global digital payments will be processed through platforms owned by non-financial institutions, including software companies. What are EmbeddedPayments?
Learn about common types of payment fraud and how to stay vigilant. Whats the difference between integrated payments and EmbeddedPayments? Integrated payments are just one type of a broader set of solutions called EmbeddedPayments. How can I get started with integrated payments?
When a software company becomes an ISV, because theyve introduced payments into their environment, they must uphold the compliance requirements of the PCI DSS and empower their users to do the same. Learn more about PCI compliance management. Why do integrated software vendors add payments to their platform?
Jack Tsigankov, Director of IT and Information Security at Payrix and 17-year industry veteran, recently shared some of his wisdom on the subject as a guest on the PayFAQ EmbeddedPayments podcast. After all, you don’t need to only protect payments, information security will help protect your entire business. million each.
A comprehensive EmbeddedPayments strategy isn’t complete without value added services. And when should you start thinking about these solutions and infusing them into your payment ecosystem and experience? On this episode of the PayFAQ: EmbeddedPayments podcast we delve into just that.
EmbeddedPayments have become a popular feature in the ecosystem of software developers who understand their role in driving better user engagement, value, growth, and competitive advantage. But in the rapidly evolving world of digital payments, nothing stays the same for long. How important is data to EmbeddedPayments?
In todays competitive software market, forward-thinking trade and field service platforms are no longer asking if they should modernize their payment infrastructure, theyre working diligently to source the right payments partner to implement innovative solutions before their competitors beat them to the punch.
Ian Hillis welcomes David Blair, Senior Director of Product Management at Worldpay for Platforms, on PayFAQ: The EmbeddedPayments podcast to explore the critical roles of merchant underwriting and onboarding for software providers. When you’re tasked with ensuring the compliance and safety, there is a tension that this creates.
Just as the name implies, value-added services (VAS) are very valuable Many software providers have set their sights on integrating embedded finance products, we’re talking everything from gift card solutions to PCI compliance programs and digital wallet integration. Ready to get your hands on these must-have merchant insights?
Interested in learning more about software-led payments or joining the current EmbeddedPayments conversations in your organization? This blog post is your ultimate guide to understanding the most used payments terms today. Youve come to the right place.
In the latest episode of PayFAQ: The EmbeddedPayments Podcast, host Ian Hillis sits down with Candice Raybourn, Head of Partner Activation at Payrix and Worldpay for Platforms, to discuss the crucial topic of PCI compliance. Candice underscores the financial and reputational risks associated with non-compliance.
A hosted payment gateway is your best bet if you dont want to handle your payment gateways integration and maintenance. Theyre easy to integrate and set up, with the host taking care of data security measures, including PCI compliance and fraud protection.
Did you know embeddedpayments can increase a software provider’s income? They turn payments into a new source of money. B2B payment transactions exceeded 15 billion in 2024 , with digital payments now making up 85% of transactions. Embeddedpayments are a game-changer. billion in 2023 to $291.3
Learn about common types of payment fraud and how to stay vigilant. Whats the difference between integrated payments and EmbeddedPayments? Integrated payments are just one type of a broader set of solutions called EmbeddedPayments. How can I get started with integrated payments?
As a SaaS CEO, understanding and implementing integrated payments can be a game-changer for your business. Here’s why Usio should be your go-to solution for Integrated Payments. Usio simplifies the transaction process by embeddingpayment functionalities directly into your platform.
When a software company becomes an ISV, because theyve introduced payments into their environment, they must uphold the compliance requirements of the PCI DSS and empower their users to do the same. Learn more about PCI compliance management. Why do integrated software vendors add payments to their platform?
Before we dive into the risks associated with payments, let’s review why embeddingpayments is good for SaaS businesses and the three payment processing solutions available to software companies today. What are the benefits of adding payments to vertical software? What is a PayFac® developer?
Neiconi brings more than 15 years of experience in risk and fraud management leadership to his new role, with a deep background in developing fraud risk solutions, risk data collection and analysis, and compliance. Most recently, Neiconi was the Head of Fraud & Risk North America for Adyen.
The benefits of embedded finance and fintech include improved user experience, increased customer loyalty, and more revenue streams. Some challenges and considerations of embedded finance and fintech involve regulatory and compliance issues, data privacy and security, and stiff competition.
Churn reduction and dunning management (automatic retrying of failed renewal payments and related email communications). All of this was in addition to the standard features and tools FastSpring already provides, including: Global payments for easily transacting across borders.
Xsolla is a merchant of record (MoR) payment provider that serves the video game industry. The platform includes a broad feature set that provides game developers with the infrastructure needed to sell online and accept online payments globally, without having to manage localization, sales tax and VAT, or fraud prevention on their own.
Interested in learning more about software-led payments or joining the current EmbeddedPayments conversations in your organization? This blog post is your ultimate guide to understanding the most used payments terms today. Youve come to the right place.
It’s hosted on the cloud and software providers are responsible for software development, maintenance, and releasing updates. Automatic updates and maintenance SaaS software is maintained by the service provider that developed and is hosting the software on a cloud. So users don’t need to worry about updating the software.
You can also accept many payment types, like credit cards and digital cash, without huge upfront costs. Global embeddedpayment revenue is expected to reach $59 billion by 2027. It shows how important it is for companies to own their payment flows today. It lets you skip building your own payment system.
” Not long after that, Stax ventured into the ISV world, with Mullikin joining the initiative. “I was approached to move into the business development team to start building our ISV channel, known today as Stax Connect. This was around the time that Fattmerchant decided we were going to be a Payfac.”
It empowers platforms to collect money from buyers, streamline the distribution of payments to sellers or service providers, and efficiently handle multiple-party transactions. With robust compliance features and international support, Stripe Connect serves as a cornerstone for businesses looking to scale their operations globally.
As mobile game and app developers gasp for air under a player-gouging 30% duopoly-tax on nearly all mobile game revenue worldwide, Epic Games has emerged as the de facto leader of the gaming community in the fight for open computing on mobile. What Do Game Developers Who Aren’t Epic Want? But the world has changed.
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For software platforms handling payments, achieving PCI compliance is a critical step toward ensuring security and building trust with customers. Navigating the complexities of a PCI, including an attestation of compliance (or AoC) can feel overwhelming to say the least. What is a PCI attestation of compliance (AoC)?
Behind the scenes, the Usio embeddedpayments infrastructure powers every transaction. Meanwhile, the Usio platform silently handles merchant provisioning, PCI compliance, and fund settlement. According to Usio, embeddedpayments can boost valuation by up to 300% , and industry data supports those numbers.
While payment initiatives may vary from one SaaS platform to the next, their journeys often share common milestones. You first need to set up the proper infrastructure to enable embeddedpayments; from there, you’ll want to launch smoothly. Then, as you scale your payments program, you also need to think about growth.
Ease of integration You shouldnt have to be a developer to integrate a payment gateway with your existing ecosystem of software tools, especially your website or the CMS (Content Management System) you are using to host your eCommerce store. To make your case, you must first do your research and develop a winning negotiation approach.
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