Wells Fargo's Merchant Services Is The Latest Lawsuit Target, Plus Billie Launches SMB Invoice Financing With Wirecard, And GeoSwift, Western Union, UnionPay Launch Tuition Pay Promotion For Chinese Students.
| | | | BUSINESS TO BUSINESS EDITION | | So, You Want To Be A PayFac
In Episode One of the PYMNTS PayFac Podcast Series, Rich Aberman, co-founder of WePay, taught us what a PayFac is. In Episode Two, he explained how PayFacs differ from a merchant of record and why a merchant might choose one over the other. In Episode Three, Aberman walks Karen Webster through the process, step-by-step.
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| | Innovation And Disruption | | The Great Online Innovation Pile On Of 2017
Facebook is slammed for squashing startups and being a âcopycat.â Google gets fined $2.7B for being anticompetitive in a sector that doesnât matter much five years after its complaint was filed. Amazon and Whole Foods â and their combined whopping 2.5 percent market share of grocery if the deal is approved â are being called out for possibly running afoul of antitrust regs. All things that, Karen Webster says, make salacious headlines around the classic âDavid versus Goliathâ narrative. But ignore the innovation elephant in the online platform room â todayâs Goliaths are all competing in a complicated ecosystem where itâs impossible to identify clearly whoâs competing with whom â and for what and on whose turf. Read More... |
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