Agile Payments Blog

Wayne Akey

Wayne Akey works collaboratively with SAAS providers whose clients have recurring billing needs to create innovative payment solutions and new revenue streams. He has partnered with dozens of software providers to create integrated payment solutions that solve recurring billing problems and generate significant recurring revenue. He has experience in: ACH Processing | Payment Partnerships | Payment Gateway Integration | Credit Card Decline Mitigation | Payment Aggregation. Wayne is the author of “Explode SAAS Revenue by 84%: A Guide to Geometric Growth using Integrated Payment Processing”. To learn how your software application can become a billing solution for your users as well as generate additional revenue streams, contact Wayne today at wakey@agilepayments.com. We guarantee you will learn how to improve revenue per client by at least 10% or we will donate $500 to the charity of your choice.

Recent Posts

3 min read

Looking to become a Payment Facilitator as an SaaS application?

By Wayne Akey on Mar 18, 2019 12:34:00 PM

Steps to becoming a Payment Facilitator are outlined below.

Topics: payfac
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9 min read

Why Every SaaS Platform Should Consider Becoming a PayFac

By Wayne Akey on Mar 18, 2019 12:31:00 PM

EXECUTIVE SUMMARY

SaaS platforms and Software vendors have a unique opportunity. Whether you already offer some type of payment collectionoption or have an application that has the potential to leverage payments there has never been a better time to explore your options.

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2 min read

3 Sure Signs that becoming a Payment Facilitator IS NOT for Your SaaS App

By Wayne Akey on Mar 18, 2019 12:24:00 PM

Payment facilitation or payment aggregation allows one entity, the master merchant, to process or facilitate payments for a base of sub-merchants. For SaaS providers these are typically application end users or customers.

Topics: payfac
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2 min read

Payfac Companies

By Wayne Akey on Mar 18, 2019 10:06:00 AM

Payment Facilitator Companies

A Payment Facilitator takes on the role of the  Master Merchant. The primary benefit to becoming a Payment Facilitator is that you can quickly and easily enroll your app users and enable processing of  credit, debit card and in some case ACH transactions .

As an example: A SaaS offers an invoicing solution eg QBooks. Businesses that want to leverage their invoicing solution complete a simple application and 15 minutes or so later they are approved and set up to accept customer payment. For our example let’s say the business name is “Best Landscapers”.  They applied and are now approved and ready to bill/invoice there customers using the QBooks platform.

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2 min read

ACH Transfer API - 2019 Guide

By Wayne Akey on Feb 25, 2019 2:26:53 PM

How can an ACH Transfer API help your business or SaaS?

An ACH Transfer API provides an additional payment option: Using the ACH network allows a business to debit or credit checking and savings accounts.

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2 min read

P2P Payment Apps and Challenges

By Wayne Akey on Jan 29, 2019 12:14:30 PM

We receive regular inquiries from start-ups as well as established businesses that believe they have a killer app that can be the next Venmo or Zelle.

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2 min read

Payment Facilitation Problems: What you should know about potential funding issues

By Wayne Akey on Jan 8, 2019 2:14:17 PM

Payment Facilitation Problems: What you should know about potential funding issues

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2 min read

Payment Facilitator Provider

By Wayne Akey on Dec 18, 2018 12:26:29 PM

Payment Facilitator Provider

Payment Facilitators [Payfacs] act as Master Merchants that process credit and debit card transactions for their sub-merchants within their payment application. Typically a Payment Facilitator would be a software platform that serves a specific vertical market eg Event ticketing.

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2 min read

Payment Facilitating : What is it and can it help your SaaS platform

By Wayne Akey on Dec 13, 2018 10:44:35 AM

A Payment Facilitator or PayFac assumes the role of Master Merchant. Payment Facilitating allows the Master Merchant to quickly and easily onboard their sub merchants or in the case of a SaaS platform Payment Facilitating allows platform users to the ability to accept credit, debit card and in some case ACH transactions for participants in their payment ecosystem.

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1 min read

Is Payment Facilitation a Good Option For SAAS or Platform

By Wayne Akey on Dec 6, 2018 1:07:02 PM

Is Payment Facilitation a good option for your SAAS or Platform?

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3 min read

Payment Facilitator Program

By Wayne Akey on Oct 26, 2018 2:14:43 PM

Payment Facilitator Programs

Payment Facilitators [Payfacs] are  Master Merchants that process credit and debit card transactions for their sub-merchants within their payment application.

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2 min read

Payment Facilitator Tools

By Wayne Akey on Oct 25, 2018 10:47:28 AM

Payment Facilitator Tools

A Payment Facilitator takes on the role of Master Merchant. This allows them to set up their application users to accept payments. The major benefit to becoming a Payment Facilitator is to quickly and easily onboard sub clients or SaaS platform users to facilitate credit, debit card  and in some case ACH transactions .

An example: A SaaS offers an business management solution for Yoga Studios. The software is call Yoga101.  Yoga 101 uses Payment Facilitator Tools to allow quick sign up and provide payout and compliance functionality.

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2 min read

Payment Facilitator versus Payment Processor

By Wayne Akey on Oct 23, 2018 8:45:24 AM

Payment Facilitator versus Payment Processor : What’s the Difference

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2 min read

Payment Facilitator Systems

By Wayne Akey on Oct 18, 2018 8:44:03 AM

Payment Facilitator Systems

A Payment Facilitator assumes the role of the  Master Merchant. The major benefit to becoming a Payment Facilitator is to quickly and easily onboard sub clients or SaaS platform users to facilitate credit, debit card  and in some case ACH transactions .

Let’s use an example: A SaaS offers an invoicing solution eg MyBooks. Businesses that want to leverage their invoicing solution complete a simple application and 15 minutes or so later they are approved and set up to accept customer payment. For our example let’s say the business name is “Best Landscapers”.  They applied and are now approved and ready to bill/invoice there customers using the MyBooks platform.

Continue Reading
3 min read

Payment Facilitation Providers

By Wayne Akey on Oct 17, 2018 2:09:48 PM

Payment Facilitator Provider: Who do you work to become a Payment Facilitator?

A Payment Facilitator or PayFac  acts as a the Master Merchant. The  Payment Facilitator role is to quickly and easily onboard their sub merchants or SaaS platform users to facilitate credit, debit card  and in some case ACH transactions for participants in their payment ecosystem. The Payment Facilitator is responsible for regulatory compliance and has financial risk of their sub-users.

In the past the only Payment Facilitator Provider offering was to become a  “True PayFac”. Becoming a true Payment Facilitator is expensive, time consuming and requires staffing to meet compliance and risk mitigation demands. In essence you become a payment business in addition to to your core SaaS offering.

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1 min read

IVR Phone Payment

By Wayne Akey on Oct 11, 2018 1:24:40 PM

IVR Phone Payments- 24/7/365 Automated Customer Payment Center

Topics: IVR Payments
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2 min read

IVR Billing

By Wayne Akey on Oct 10, 2018 12:04:34 PM

IVR Billing - 24/7/365 Automated Customer Payment Center

Topics: IVR Payments
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2 min read

IVR Tokenization : PCI Compliance for IVR Payments

By Wayne Akey on Oct 9, 2018 10:18:40 AM

PCI Compliant IVR Tokenization Solutions – Interactive Voice Response for Phone Based Customer Payments

Credit card data is required to be handled in a PCI compliant manner. IVR Tokenization is the process that securely exchanges full credit card number for a non-sensitive replacement value in an IVR Payment Solution.

Topics: IVR Payments
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3 min read

IVR Gateway

By Wayne Akey on Oct 8, 2018 7:52:02 AM

PCI Compliant IVR Gateway Solutions – Interactive Voice Response for Phone Based Customer Payments

An IVR Gateway provides automated phone based payment acceptance solution for organizations.

Topics: IVR Payments
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2 min read

IVR Payment Software

By Wayne Akey on Oct 4, 2018 12:35:56 PM

IVR Payment Software: What are your options in your IVR Payment Solution search

IVR Payment  Software Solutions offer payment options that allow clients to pay bills or invoices via self service. Customers dial into a  phone and connect to an automated IVR system and interact via voice prompts, allowing customers them to pay amounts due without human interaction from the business side.

Topics: IVR Payments
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3 min read

Best IVR Payment Systems

By Wayne Akey on Oct 3, 2018 7:29:00 AM

Best IVR Payment Systems: What to look for in your IVR Payment search

An IVR Payment Solution creates new customer option that allows customers to pay bills or invoices without involving business staff or resources. Customers dial into a  phone and connect to an automated IVR system that interacts via voice prompts with the caller, allowing them to pay amounts due without human interaction from the business side.

Topics: IVR Payments
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3 min read

PCI IVR Payment Solution

By Wayne Akey on Oct 2, 2018 9:30:00 AM

 

Topics: IVR Payments
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3 min read

IVR Transactions

By Wayne Akey on Oct 1, 2018 9:31:31 AM

IVR Transactions: Interactive Voice Response for Inbound Customer Payment Transactions

IVR Transactions occur when customers call into an IVR Payment Solution.

Topics: IVR Payments
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2 min read

SaaS Platform Payment Gateway Integration

By Wayne Akey on Aug 2, 2018 10:38:41 PM

Developers often have a bad habit of choosing their SaaS platform payment gateway integration partner[s] without considering the partner’s potential to grow one’s business.

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2 min read

Payment Gateway Integration API

By Wayne Akey on Aug 1, 2018 3:24:55 PM

SAAS platforms and developers have a bad habit of choosing their payment gateway integration partner[s] without considering partner’s potential to actually help grow their business.

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