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Double Diamond Payments Research Latest Reports On Major Trends In Payments Industry

Double Diamond Payments Research Latest Reports On Major Trends In Payments Industry

Double Diamond Payments Research

Double Diamond Payments Research performs ongoing, independent research on major trends in payments and regularly publishes reports to support our clients' strategic planning efforts.

We also engage in customized payments research efforts either as stand-alone projects, in conjunction with consulting engagements, or as part of our Custom Research Subscription service.

Learn about our latest report…

We are sure that you will find it to be interesting and informative…

Why Software Vendors Should Be Payment Facilitators

Market Research

Payment acceptors of all sizes are looking for focused research expertise in electronic payments. We address the full-range of payments issues and payment acceptance.

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Square Disrupts in D.C.

The Washington, D.C., Department of For-Hire Vehicles has tapped leading payment facilitator Square to power an initiative that will move that city's taxi drivers to a digital platform.

The for-hire transportation industry has been through disruption with the advent of the e-hailing apps and changing consumer preferences. One of the objectives about what we want to do is to allow the traditional taxi to compete more fairly.

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First Data Launches New E-Commerce Solutions for PFs

Payment processor First Data has launched a new e-commerce program for payment facilitators that it's calling Global PFAC.

As part of First Data's e-commerce suite of products, Global PFAC offers a single integration interface that allows merchants to settle and fund transactions in more than 40 countries and 17 currencies.

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Investors Lured by Hockey Stick Growth of Payment Facilitators

While most people outside the industry don't know what a payment facilitator is by name, the process of simplifying merchant onboarding to allow merchants to quickly start accepting payments is a business model seeing increased interest from the venture capital community.

According to panelists at Payment Facilitator Day during the ETA's TRANSACT 17 conference, the payment facilitator industry is still in the very early days, but there's substantial interest both by software companies looking to follow the PF model and investors looking to funnel money into the model.

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News Roundup: Visa, Mastercard Standardize QR Code

In a roundup of this week's news, major card brands are continuing their expansion of digital payments acceptance, targeting cash usage at small and micro businesses and at festivals. And eMarketer ventures a prediction about the cross-border e-commerce shopping habits of German consumers.
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New Payment Facilitator Platform Enables PFs to Get Up and Running Faster

One barrier to entry for companies considering the payment facilitator model has been creating their own framework for enabling merchant acceptance from scratch.

In response, consultants Todd Ablowitz and Deana Rich have teamed with technology services company iClassPro to introduce Infinicept, a company that offers what they say is the first platform built specifically for payment facilitators.

The platform, known as Payment Facilitator in a Box, offers infrastructure that PFs need to get merchants up and running on their systems, including a new, proprietary underwriting tool.

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Compliance from the PF Point of View: PF Day Preview

When a technology company decides to take on payments, it often seems like a natural next step. Who wouldn't want to extend their services by enabling clients to accept payments?

Then reality sinks in. Adding the technical capability to move money is one thing. Opening the door to the complex web of federal and state regulation and card brand rules is another.

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PayPal, Visa Extend Partnership to APAC

Visa and leading payment facilitator PayPal announced an expansion of a strategic partnership they entered into in the U.S. last summer.

The partnership is an agreement to work jointly to grow the adoption of mobile and digital payments. This latest agreement covers the Asia Pacific region.

As was the case in the U.S., the APAC partnership includes PayPal's use of the Visa's Digital Enablement Program (VDEP), which gives PayPal access to Visa's tokenization technology. This enables PayPal users to conduct secure transactions at point-of-sale locations where Visa is accepted.

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India's Rapid Digitalization Means More Inclusion – and More Risk

We continue our series on frictionless underwriting this week with a closer look at India's rapidly changing environment and what it means for onboarding and monitoring merchants.

With the advent of rapid digitalization in India, the race has been on for payments providers to board many merchants quickly.

Companies have responded to the government's aggressive moves toward a digital economy by announcing a slew of new initiatives intended to bring small merchants into the fold.

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News Roundup: Wirecard to Acquire Citi APAC Merchant Portfolio

In a roundup of news from this week, Wirecard acquires Citi's merchant portfolio, Squares sees a significant increase in chip cards, and PerformLine launches merchant monitoring.
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Mastercard Joins with Unilever to Empower Small Merchants

Mastercard and Unilever announced a partnership on Wednesday through which they plan to expand access to resources for small and micro businesses in emerging markets.

The partnership will combine Unilever's distribution network with Mastercard's payments technology and expertise.

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Here's Why Shopify is the World's Fastest Growing Commerce Platform

Shopify is the world's fastest growing commerce platform with over 100,000 active global retailers.

Here's an overview of Shopify and its benefits… Shopify is the right choice for you…

You can sell online, offline and on-the-go using Shopify's powerful technology Use your own domain name Sell gift cards and generate coupon codes Use its integrated blogging platform to create blog posts Process credit card payments directly through Shopify, or other gateways Process in-store purchases with Shopify POS Process purchases with your smartphone using Shopify Mobile Receive 24/7 onboarding and technical support from Shopify Gurus Access ecommerce analytics Use built-in SEO Rely on fast servers, industry-leading response times, and cutting edge infrastructure Keep your customer's data secure with PCI Level 1 Compliant checkout Sell unlimited SKUs Shopify is always adding free new features to help you sell

GO TO SHOPIFY – EVERYTHING YOU NEED TO SELL ONLINE

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Podcast: Getting the Most Out of Underwriting Tools

In this week's podcast, we talk to Marcus Smith, senior vice president of Risk Management for iPayment, a provider of payment solutions and processing services, about the tools used in underwriting submerchants.

Smith points out that while underwriting tools themselves are relatively simple, interpreting the results effectively requires some training.

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Double Diamond Payments Research Latest Reports On Major Trends In Payments Industry

Double Diamond Payments Research Latest Reports On Major Trends In Payments Industry

Double Diamond Payments Research

Double Diamond Payments Research performs ongoing, independent research on major trends in payments and regularly publishes reports to support our clients' strategic planning efforts.

We also engage in customized payments research efforts either as stand-alone projects, in conjunction with consulting engagements, or as part of our Custom Research Subscription service.

Learn about our latest report…

We are sure that you will find it to be interesting and informative…

Why Software Vendors Should Be Payment Facilitators

Market Research

Payment acceptors of all sizes are looking for focused research expertise in electronic payments. We address the full-range of payments issues and payment acceptance.

Click Here!

more...
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Ups, Downs, and “Frothiness” in Between: PF Day Wrap

Interest in the business of payment facilitation is growing, not just among companies lured in to monetize transactions and the investors excited to fund fast-growing startups, but also regulators wanting to make sure a new third party isn't taking advantage of consumers.

And all these eyes on the industry mean payment facilitators themselves, and companies thinking about switching to the model, are hungry for more information about how to run their business to take full advantage of all the opportunity in the space.

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New Threats From States and Old Ones From the CFPB: PF Regulatory Responsibilities Aren't Getting Any Lighter

As third parties, payment facilitators have a complicated regulatory framework to wade through. And it's unlikely to get untangled any time soon, especially as state regulators look to clamp down on a payments industry they don't fully understand, according to panelists at Payment Facilitator Day during the ETA's TRANSACT 17 conference.

Prepaid, money transmission, data and cyber security, these are perennial worries, one panelist said, but one particular trend in state regulation has her very nervous,

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Talk to Your Developers! Square Insists They're Key

Developers, according to Square Developer Lead Carl Perry, are the most important community for payment facilitators.

It's not something payment facilitators hear very much, but developers are a core part of the business, and payment facilitators need to make the building of payment solutions streamlined for this group.

And this is especially important as payments and all the features around payments become more complex. With increasing consumer payment options, such as NFC, EMV and bitcoin, and multichannel strategies for acceptance, developers have a challenge to build solutions that keep up with buyers' quickly changing demands of payments whenever, wherever.

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Super Sloppy Security Gushes Aadhaar PII

In many respects, India's 9-year-old Aadhaar national ID system is a global model for simplifying payments, banking and payroll operations. It was designed to be a comprehensive database allowing easy access to bank accounts and other payments mechanisms. As a concept, it worked brilliantly.

But according to data from a report from the Centre For Internet and Society, it also serves as a world-class example of security recklessness, with methods so sloppy that they could have exposed sensitive data about almost a quarter of a billion Indian citizens.

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With Space to Grow, Parking Vendors Looking for Scale

Parkmobile CEO Jon Ziglar envisions a world where we all leave our homes knowing the exact spot where we'll park when we get to our destination.

U.S. cities are nowhere near reaching that parking utopia, meaning that there is plenty of room for Parkmobile and companies like it to grow.

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Acquisition News: Mastercard, Stripe and Flipkart Make Moves

A handful of big-name acquisitions have dominated headlines this week.

The U.K.'s Competition and Markets Authority cleared the way for Mastercard's acquisition of VocaLink, announcing on Tuesday that the companies had adequately addressed competition concerns about the purchase.

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Square Makes Its Move into U.K.

Square announced this week that it has launched its business in the U.K. But does its timing mean that it's already shut out of a competitive market?

Rick Oglesby doesn't think so. Oglesby is principal of AZ Payments Group and a partner of Double Diamond Group, and he's bullish on Square's prospects.

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Q&A: The Risks and Benefits of Frictionless Underwriting

The advent of frictionless underwriting turned the payments world on its head. The ability to onboard merchants quickly with a minimum of fuss has enabled small merchants to accept payments more easily, clearing the way for many more to enter the market.

But the practice does have its downside. Lowering barriers to entry into the payments system lowers them for everyone, not just the good guys. With that in mind, PaymentFacilitator.com is beginning a series on the perils and the benefits of frictionless underwriting.

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MINDBODY Makes Wellness Easy for Consumers, Businesses

Among fintech companies, there is often a common thread. Many began with the needs of a vertical in mind. Then they create a solution from the ground up that meets those needs.

Usually, however, the people who develop software for these companies are already programmers.

Not so with Mindbody, the software company that caters to health, beauty and wellness businesses.

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Square Trims Losses, Continues Steady Payments Volume Growth

New sellers and an expanding product line made 2016 a good year for Square.

In its earnings report on Wednesday, the company said its net loss per share during the final quarter of 2016 was $.04, a significant improvement from $.34 during the same period the previous year.

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PayPal to Acquire TIO Networks, Citing Shared Interest in “Democratizing Money”

Leading payment facilitator PayPal announced on Tuesday that it plans to acquire TIO Networks. TIO is a Vancouver-based bill payment processor.

The companies cite their interest in providing services to the underserved as a key philosophical fit. And with this acquisition, PayPal gains an expanded offering for its consumer base.

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Payment Industry News – Payment Facilitator – Mobile Payments – Bitcoin and Blockchain

Payments Industry News Update

European PF Klarna Expands with BillPay Acquisition

Stockholm-based payment facilitator Klarna is again expanding in Europe, this time with the purchase of German e-commerce payment company BillPay.
BillPay enables customers to pay by invoice, direct debit, or in installments through its PayLater product. The company says that it guarantees payments to merchants, assuming the risk of accepting these payment types…

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You Can Now Bet Bitcoin on Whether the Winklevoss ETF Will Go Live

A new prediction market is targeting one of the industry's biggest unanswered questions.

Announced today, leveraged bitcoin trading platform BitMEX has launched a prediction futures contract that it says will allow traders to bet on whether the SEC will approve the Winklevoss Bitcoin Trust ETF, the long-awaited US public investment vehicle that would offer exposure to the digital currency…

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Google Waves Good-bye to Hands Free Payment App

The search giant hopes to bring the best features from the mobile payments test to even more people and stores in the future…

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Amazon's Payments Unit Nearly Doubles Money Processed

Amazon.com Inc on Tuesday said its payments business processed nearly twice as much money in 2016 than it did the year prior, as the e-commerce giant launched the unit in more countries and for a wider range of industries….

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