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August 31, 2017

Payment Facilitator

The ROI On Being A PayFac? Zero
 

Becoming a PayFac sounds like a dream — until the nightmare of what it means to be one hits and PayFac wannabes start doing the math. WePay Co-Founder Rich Aberman tells Karen Webster that once PayFacs start adding up all the costs (in the tens of millions) and time (hundreds of thousands of hours) just to get it off the ground, the ROI starts to look very uncompelling. As in, he says, it’s even hard to find one.

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In-store Payments

What’s In Your Wallet? A PayPal Credit Card
 

From digital to plastic...and back again, with cash in hand or wallet or digital wallet to boot. PayPal just announced a cash back card with Mastercard that offers PayPal users a new way to pay in-store, showing a bit of truism to the maxim what's old is new again. PYMNTS caught up with Zach Knox, director of Credit Card Programs, to get a sense how digital and plastic can go hand in hand.
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Mobile Payments

Why Mastercard Is Powering Contactless Payments In Poland
 

Poland is one of the world's bigger and more active contactless payments markets. And Mastercard just revealed its plans to make it easier for SMBs to accept contactless payments with nothing more than their Samsung smartphone and an app. PYMNTS caught up with James Hicks, EVP, Mastercard Global Acceptance and Solutions to learn more about this pilot’s place in Mastercard's global "war on cash."

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PYMNTS Credit Union Tracker™

NEW REPORT: The Credit Union’s Biggest Risk — Not Taking Risks
 

As the saying goes, no risk, no reward. For the credit union market, the message is clear in terms of innovation: Put on your wingsuit and take a chance, or risk getting stuck on stodgy. For August’s PYMNTS Credit Union Tracker™, powered by CO-OP Financial Services, First Tech Federal Credit Union director of Payments Brian Ziff-Levine, discusses the innovation attitude his CU has adopted from catering to Silicon Valley giants. Plus, all the latest CU news, inside the Tracker.

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