Agile Payments Blog

3 min read

Check Verification Process

By Coleman Akey on Mar 22, 2019 11:38:00 AM

In 2019 the payment landscape demands sophisticated check acceptance risk mitigation tools. A Check Verification Process mitigates check acceptance risks at the point of sale, with verification options ranging from automated routing number check and negative database options, to near real-time inquiries into current checking account status.

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2 min read

Canadian EFT - API Integration

By Gene Krause on Mar 22, 2019 11:28:00 AM

Many organizations are stuck in the world of managing their Canada EFT transactions by way of file submission. In some cases using antiquated windows software that is limited at best in ongoing maintenance. Fortunately there are Canadian EFT API integrations available.

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2 min read

Utilizing a Canada Electronic Funds Transfer

By Coleman Akey on Mar 22, 2019 11:26:00 AM

Canada Electronic Funds Transfer is easiest and most cost effective solution to managing Canadian ACH, allowing businesses based in Canada to debit checking accounts for one-time or recurring payments.

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2 min read

Canada Electronic Funds Transfer

By Coleman Akey on Mar 22, 2019 11:24:00 AM

Canada Electronic Funds Transfer processing options are scarce compared to the ACH processing providers available in the United States. Options are limited because of the small number of banks that run the payments sphere. This makes it difficult to gain access to Canada EFT processing.Utilizing a canada electronic funds transfer allows Canadian businesses to debit checking accounts for one-time or recurring payments.

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3 min read

Understanding the Benefits of Hybrid Payment Aggregation

By Wayne Akey on Mar 21, 2019 2:05:00 PM

The decision to become a Payment Aggregator or Payment Facilitator (Payfac) has massive implications for a SaaS application provider.

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3 min read

5 Things You Must Have To Become A Payment Facilitator in 2019

By Wayne Akey on Mar 21, 2019 9:46:00 AM

Payment facilitation is the process by which one entity, a master merchant, processes or facilitates payments on behalf of a base of sub merchants.

Topics: payfac
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3 min read

Payment Aggregation: What Can Possibly Go Wrong?

By Wayne Akey on Mar 21, 2019 9:00:00 AM

For the SaaS provider, the potential advantages of becoming a Payment Aggregator can be compelling. The Payment Aggregator model can seem very attractive, both for ease of onboarding and potential revenue generation.

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3 min read

Why the Payment Aggregator Business Model is Compelling

By Gene Krause on Mar 21, 2019 8:00:00 AM

Payment Aggregation, or Payment Facilitation (Payfac), allows a SaaS company to act as a master merchant for its users. The SaaS provider onboards its clients via a fairly non-intrusive application process, and this easy, fast onboarding makes it simple for the SaaS company’s users to begin accepting customer payments very quickly.

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6 min read

Payment Aggregation

By Wayne Akey on Mar 20, 2019 3:41:00 PM

Becoming a Payment Facilitator, Payment Service Provider [PSP] or Payment Aggregator. Being a Payment Facilitator can be thought of as being a Master Merchant, facilitating credit and debit card transactions for sub-merchants within your payment ecosystem. Becoming a PSP (also known as PayFac) lends itself well to some businesses that fall into the software provider classification. However, with the many advantages come some unique challenges. We’ll discuss both in this article.

Topics: White Papers
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Payment Aggregation

By Agile Payments News on Mar 20, 2019 2:20:00 PM

Becoming a Payment Facilitator, Payment Service Provider [PSP] or Payment Aggregator.

In Payment Aggregation, being a Payment Facilitator can be thought of as being a Master Merchant, facilitating credit and debit card transactions for sub-merchants within your payment ecosystem. Becoming a PSP (also known as PayFac) lends itself well to some businesses that fall into the software provider classification. However, with the many advantages come some unique challenges.

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3 min read

Checklist for Finding the Best Payment Aggregation Partner

By Gene Krause on Mar 20, 2019 2:16:00 PM

The number of SaaS companies looking into payment processing on behalf of their customers is growing rapidly. More and more companies are looking at Payment Aggregation | Payment Facilitation as an attractive option to provide a service that offers fast, easy onboarding for their customers and generate new revenue streams in the process.  

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3 min read

5 Things You Must Have To Become A Payment Aggregator in 2019

By Wayne Akey on Mar 20, 2019 2:14:00 PM

Payment aggregation or payment facilitation allows one entity, or master merchant, to process or facilitate payments on behalf of sub merchants.

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2 min read

What is a Managed PayFac?

By Coleman Akey on Mar 19, 2019 2:09:00 PM

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3 min read

Payment Facilitation: What Can Possibly Go Wrong?

By Wayne Akey on Mar 19, 2019 12:22:10 PM

For the SaaS provider, potential advantages in becoming a Payment Facilitator (aka Payment Aggregation) are compelling: payment facilitation drives ease of client onboarding and unlocks a new stream of revenue generation.

Topics: payfac
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2 min read

Why the Payment Facilitator Business Model is Compelling

By Wayne Akey on Mar 19, 2019 12:15:54 PM

Payment facilitation, or operating as a “PayFac” allows a SaaS company to act as a master merchant for its client base. The SaaS provider onboards clients via a non-intrusive application process -- making it simple for the user base to quickly begin accepting customer payments by credit card or ACH Payments [some providers offer].

Topics: payfac
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4 min read

3 Ways to Become an ACH PayFac

By Wayne Akey on Mar 19, 2019 12:14:48 PM

 

 

Topics: payfac
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4 min read

Payment Facilitation and MyEvent.com : An interview with Rob Hirscheimer

By Wayne Akey on Mar 19, 2019 12:14:04 PM

An interview with MyEvent.com. Early adopters of the PayFac business model MyEvent.com has successfully implemented payment facilitation and used it to grow their business and acquire new clients.

Topics: payfac
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4 min read

Payment Facilitation and Property Management SaaS applications

By Wayne Akey on Mar 19, 2019 12:13:30 PM

 

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5 min read

Why WePay is Wrong About PayFac ROI

By Gene Krause on Mar 19, 2019 12:12:42 PM

Recently, PYMNTS, a leading payments and commerce industry news site published a piece on PayFacs based on an interview with WePay co-founder Richard Aberman.

Hyperbole aside, we want to examine Mr. Aberman’s view and provide some balance to the conversation for companies exploring payment facilitation.

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3 min read

Two key ways Payment Facilitation can change your business. Why SaaS platforms should consider becoming a PayFac.

By Wayne Akey on Mar 19, 2019 12:12:04 PM

Payment facilitation, or PayFac allows a SaaS company to act as a master merchant for its client base. The SaaS provider onboards clients via a non-intrusive application process -- making it simple for the user base to quickly begin accepting customer payments by credit card.

Topics: payfac
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4 min read

So You Want To Be a Payfac? The Number One Question You MUST Ask

By Wayne Akey on Mar 19, 2019 12:10:44 PM

So you want to be a PayFac? The 1 question you must answer

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3 min read

Another Reason for SaaS platforms to become a PayFac or Payment Facilitator

By Wayne Akey on Mar 19, 2019 12:09:52 PM

We get frequent inquiries from SaaS platforms and start ups about becoming a PayFac or Payment Facilitator.

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2 min read

Managed Payfac Solutions

By Coleman Akey on Mar 19, 2019 12:08:41 PM

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

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2 min read

Where are the ACH API Providers?

By Gene Krause on Mar 18, 2019 2:40:00 PM

ACH API Providers are organizations that provide an API for the purpose of integrating a software application to originate and manage ACH transactions. 

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3 min read

Is Frictionless Onboarding Worth the Risk?

By Wayne Akey on Mar 18, 2019 12:50:00 PM

If you’ve considered becoming a Payment Facilitator (PayFac) for your SaaS customer base, you’re familiar with the term “KYC,” or Know Your Customer. As the payment processing industry continues its trend of explosive growth, however, KYC might be more accurately termed “CYA.”

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