September 9, 2021
10:00am – 11:00am PT
Payments Facilitation, a card acceptance technique pioneered by PayPal, has grown in popularity over the years and is now used by providers such as Square, Shopify, Toast, and hundreds of others. But the PayFac model is only one of many models available to expand card acceptance. How does it differ from the ISO model? And what exactly is integrated payments? This webinar will provide an arm’s length perspective on the evolution of the PayFac model and emergence of next generation PayFac-as-a-Service enablers. It will explore PayFac network obligations, regulatory requirements, and risk exposures. To provide a complete picture we’ll also clear up (once and for all) what it means to be or not be the merchant of record.
Fundamentals of card acceptance; similarities and differences between the acceptance models; PayFac obligations and risk exposures; and the key attributes of the PayFac-as-a-Service model. By way of example, the webinar will also compare the differences between the leading PayFac enablers.
To understand the essentials of the Payments Facilitation model, how it fits into the larger card acceptance ecosystem, and the hidden requirements and obligations of PayFac providers.
Russ brings exceptional skills in payments industry analysis, strategy development, and product conceptualization - as well as 35 years as an executive, analyst, and consultant - to Glenbrook clients from across the payments value chain.
Drew Edmond comes to Glenbrook with over 6 years of experience managing global payments operations in marketplace and financial services environments. He brings a keen interest in identifying and executing optimal payments strategies for businesses throughout the payments value chain.
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