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

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.

Continue Reading
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

Continue Reading
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.

Continue Reading
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.

Continue Reading
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?

Continue Reading
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
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.

Continue Reading
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.

Continue Reading
2 min read

Credit Card Payment Gateway Integration

By Wayne Akey on Jul 31, 2018 11:28:24 PM

SAAS platforms and developers have a tendency to choose their credit card payment gateway integration partner[s] without considering what potential the partner has to actually help grow one’s business.

Continue Reading
2 min read

Payment Gateway Integration ACH

By Wayne Akey on Jul 30, 2018 1:28:04 PM

Many SAAS platforms and developers choose their payment gateway integration partner[s] without considering the potential for the partner to actually help grow their business.

Continue Reading
3 min read

Why an ACH option is a Must-Have for Recurring Billing

By Wayne Akey on May 11, 2017 9:00:00 AM

Payment collection is generally considered the most important business task and the most dreaded. A recurring billing solution is a fantastic tool to ease the burdens associated with payment collection by making your SaaS application user’s business life easier and more profitable.

Continue Reading
2 min read

5 Ways SaaS Providers Can Leverage Partnerships for Growth

By Wayne Akey on Apr 24, 2017 9:00:00 AM

If you were to make a list of the top 10 SaaS providers in the market today and in turn list what makes them so successful, having business partnerships would certainly be a common trait among them.

Topics: SaaS Chatter
Continue Reading
4 min read

Reducing Credit Card Declines With Proactive & Reactive Outreach

By Wayne Akey on Apr 17, 2017 8:00:00 AM

If you’re a business owner, you know how frustrating it can be to wait to collect on payments. Accepting credit cards is meant to ease some of that frustration with faster acceptance and payment from customers.

Continue Reading
3 min read

Saas Payment Processing: Two Powerful Ways to Create Massive Profit Growth

By Wayne Akey on Apr 13, 2017 9:00:00 AM

"Give me a lever long enough and a fulcrum on which to place it, and I shall move the world." - Archimedes

Continue Reading
3 min read

Minimize Credit Card Declines using the Credit Card Recurring Indicator

By Wayne Akey on Apr 3, 2017 2:30:00 PM

Payment collection is vital for merchants relying on subscriptions and recurring billing. Unfortunately, credit card decline rates present a serious challenge when processing recurring payments. Declines can result from fraud, reissued cards, the switch to EMV cards, as well lost and stolen cards. Regardless of the cause, these declined cards present problems for billers. Minimizing credit card declineshas become masively important.

Continue Reading
4 min read

Lifetime Customer Value: Your Secret Weapon and MVM

By Wayne Akey on Apr 6, 2016 7:49:56 AM

Lifetime Customer Value

For companies that bill their customers on a monthly basis there is one metric that guides all of your marketing/sales efforts. Knowing Lifetime Customer Value [LCV] is like having a Secret Weapon in your battle for customer acquisition.

Topics: Blog
Continue Reading
7 min read

Building Your SaaS Business from the Ground Up Through Effective Networking

By Wayne Akey on Jan 10, 2016 5:14:22 PM

While IT, and SaaS specifically, are booming industries right now, it is easy to get dazzled by the possibilities and miss out on the important building blocks of an effective marketing strategy.

Topics: Blog
Continue Reading
7 min read

What Every SaaS Marketer Should Know About Inbound Marketing

By Wayne Akey on Nov 14, 2015 7:29:38 PM

If you’re an SaaS marketer or service provider and you’re looking to create a viable inbound marketing budget, you’re in for a big surprise if you’re hoping to follow present-day conventional marketing methods.

Topics: Blog
Continue Reading
3 min read

Partner up or Die: The new business paradigm

By Wayne Akey on May 13, 2015 10:51:34 AM

New business partnerships are announced daily. LevelUp and Sprint, Apple and Wells Fargo, Verizon and Comcast, Ford and Microsoft to name just a few. But big names aren’t the only ones to benefit from strategic partnerships.

Topics: Blog
Continue Reading
7 min read

Expert Interview Series: Authorize.net founder and Payment Gateway inventor, Jeff Knowles

By Wayne Akey on Apr 15, 2015 8:45:17 AM

Payment Gateways play an integral role in facilitating ecommerce. Without the creation of a secure method for moving sensitive data the ability to conduct non face to face commerce could not have happened. Today there are many gateway providers serving up diverse solutions. But before 1996 there was no option. We wanted to understand the history and genesis of the payment gateway. For that there was only one person we could turn to: Jeff Knowles - the guy who invented the Payment Gateway and founder of authorize.net.

Continue Reading
2 min read

Google's Pony Express

By Wayne Akey on Mar 25, 2015 11:16:57 AM

Continue Reading
5 min read

Why Mobile Payments Aren’t Working and How to Fix It

By Wayne Akey on Mar 18, 2015 9:53:49 AM

If you are an Old School fan, and really who isn't ? - you know the scene I am talking about: Will Farrell naked, and standing in the middle of the street saying to his wife “Everybody’s doing it”

Continue Reading
5 min read

Payment Gateway 5 Must Haves

By Wayne Akey on Feb 19, 2015 12:41:30 PM

Top 5 must haves before integrating with any Payment Gateway. The #1 MUST HAVE is probably the least thought about decision making criteria yet arguably the most important.You MUST make sure your payment gateway partner values your customers as much as you do. You know how much time and effort is spent on customer acquisition. In today’s world competition for clients is fierce. You can’t afford to spend time and money to bring on a new client only to have them disappointed with poor communication or a complete lack of support. Having confidence that your most valuable asset is being well taken care of simply cannot be overstated.

Topics: White Papers
Continue Reading

Featured