Visa Card Brand Rules Update to Payment Facilitation
Visa's recent Card Brand Rules update, effective immediately from October 16th, represents a significant transformation of Payment Facilitator policies, impacting four key areas: new exceptions to Merchant/Acquirer Agreement requirements, lowered Acquirer equity reserve requirements for certain regions, changes to jurisdiction requirements for Payment Facilitators, and expanded acceptable entity types for Payment Facilitators.
Buy Now, Pay Later is the Future of Payments. Just Ask Industry Leaders
The Buy Now, Pay Later (BNPL) approach is transforming the payments ecosystem by providing an alternative to traditional credit scores and credit card systems.
ETA’s Payment Facilitation Panel Helps Keep Payment Facilitators Informed and Compliant
The ETA Payment Facilitator Committee has been actively providing important information and support to members, including recent discussions on handling 1099-K reporting for payment facilitators, featuring experts Jennifer Maddux, Wendy Walker, Andrew Winslow, and Nicole Meisner.
ETA PayFac Guidelines: Upcoming Webinar April 15th, 2021
The ETA will host a webinar on April 15th, featuring a panel of industry experts including Tom Humphrey, Edward Marshall, Andrea McMullen, and the author, discussing their recently published "Guidelines for Payment Facilitation".
ETA Member Companies Discuss the Importance of Gender Equality in Payments
ETA member companies highlight the significance of gender equality in the payments industry during Women's History Month, showcasing positive trends, mentorship initiatives, and external resources that promote women's roles at all levels.
How Can Change Management Further Payments?
When building a payment business, managers often overlook key organizational design principles such as career pathing, span of control, and resource assessment, which are crucial for job satisfaction, low turnover, and a high-performing team; these principles, when implemented thoughtfully, can improve team dynamics, managerial effectiveness, and regulatory compliance.
ETA PayFac Day: Everything You Need to Know
The Electronic Transaction Association's PayFac Day event on January 27th is an opportunity for payment facilitators, or those considering becoming one, to virtually attend exhibits, roundtables, and networking sessions focused on payment facilitation, featuring discussions on card brand rules, compliance, risk management, market opportunities, and more.
The Importance of Understanding Antitrust Laws
Emphasizing the significance of comprehending antitrust laws for businesses, (especially payment facilitators) by outlining major federal antitrust laws like the Sherman Antitrust Act, the Clayton Act, and the Federal Trade Commission Act.
Is Your Company Ready to Become a Payment Facilitator?
Highlighting key factors beyond revenue or volume that companies should consider when deciding to become a payment facilitator - including risk tolerance, resources, growth trajectory, and company size.
Cashless Payments: Here to Stay, and Legal Almost Everywhere
Discussing the rise of cashless payments accelerated by the COVID-19 pandemic, the legal status of businesses refusing cash as legal tender in the US, and the ongoing legislative efforts to ensure accessibility to cashless payments for all.