What does a successful Credit Card Payment Integration look like?

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.

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.

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

The SaaS (Software-as-a-Service) companies/startups have popped up all around the world. They are bringing value to people’s lives simply through the product and that has become a true hallmark of modern times.

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

Software as a Service (SaaS) applications payment needs typically need a shopping cart / payment checkout or the ability to manage recurring or subscription payments. Both present challenges and opportunities for the SaaS platform but our focus will be on the recurring payment functionality.

It’s time to cut the cord on ATMs and move them to the cloud.

From PYMNTS.com  By KAREN WEBSTER , CEO, Market Platform Dynamics

Original post on PYMNTS.Com

Ingenico and Intel have partnered to build mobile payment capabilities into a wide array of connected devices for the Internet of Things (IoT) — including intelligent vending machines, kiosks and digital signage, the companies announced at the Transact conference last week.

24me, an elegant “personal organizer” app built in Israel, has quietly figured out how to facilitate payments via Apple Watch.

Back in 2011, the U.S. Department of Treasury mandated the implementation of electronic invoicing in support of President Barack Obama’s campaign to cut waste. In the case of the federal government, this executive order reduced the cost of invoicing by as much as 50 percent, or roughly $450 million per year.

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.

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.

Data Hostaging in the Payment Processing World.

You may have heard of someone’s computer being hijacked with messaging demanding they pay for alleged wrong doings or to be able to get important data back. Typically referred to as Ransomware, this malware holds your computer hostage by encrypting its data or by making it inaccessible in some way. The user is then hit then demands to pay ransom money to the cybercriminal who installed the malware. For more information a good post by Andy O’Donnell [http://netsecurity.about.com/bio/Andy-O-Donnell- 82564.htm] is at: http://goo.gl/3ymh6d

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”

From a previous post we have already covered exactly what an ACH is and the raw flow between a business and the banks. So what is Processing of ACH Payments? First let's quickly re-examine the role the banks play; specifically as it relates to technology. NACHA  governs the ACH network, including providing the specific NACHA file format that banks must use when submitting batch files to one of the ACH operators. If there were no improvements that could be made anywhere in the process, there would be little need for Third Party ACH Processors (TPP).

In the course of a few years, cloud computing has moved from the fringe to the norm for businesses looking to make their operations more efficient. IDG Enterprise’s 2014 Cloud Computing Survey found that the majority of businesses today (69 percent) are using at least one cloud-based application, and investment in the technology grew nearly... In the B2B space, SaaS cloud-based systems offer players the advantages of presenting data in real-time. Read More

President Barack Obama arrived in Silicon Valley bearing a gift for Tim Cook: a seal of approval for Apple Pay.