Samsung Pay plus PayPal arrive in-store, Zelle faces fraud problems, ISOs, ISVs and the future of PayFacs.

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April 23, 2018

The Monday Conversation

WePay: ISOs, ISVs And The Future OF PayFacs

The road to becoming a PayFac, WePay co-founder Rich Aberman told Karen Webster, is long, risky, expensive and technologically complex. For some ISOs and ISVs, he said, it’s also the best path forward. For others? Well, there are options that may not be so mutually exclusive. He, and we, explain.

 

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Breaking News

Samsung Pay And PayPal Power In-Store Payments

PayPal and Samsung Pay’s partnership announcement last summer was a peek into a new vision for in-store digital payments. The fruits of that pair-up are rolling out today — and they give merchants and consumers both much more than the chance to check out. We have the scoop, straight from the source.

 

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Virtual Commercial Cards

Boost CEO: Dispelling The Myths Of Virtual Cards

Despite the speed, efficiency and security of virtual commercial cards, their adoption remains muted, and suppliers’ reluctance to accept this payment method endures. Dean Leavitt, founder and CEO of Boost Payment Solutions, says the risks and challenges perceived by suppliers when accepting cards are rooted more in myth than reality. He tells PYMNTS why many of the risks suppliers think they face have already been addressed by the industry.

 

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Platform Disruption

Who Will Disintermediate The Intermediaries?

Throughout history, intermediaries have found themselves on both sides of the disruption conversation. Those who found themselves on the wrong side of that conversation, Karen Webster says, saw too late the efforts of others to create the better, more convenient consumer experience that was once the source of their own success. Today, mobile, digital, voice, data and new tech are, once again, ushering in a new crop of players with a mind to do just that — and it's why, she says, retailers and lenders are feeling the disintermediation heat, which digital wallets may soon feel as well. So what’s an intermediary to do?

 

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