Payment Processor Companies – Verifi

Jason Gromyko was a guest columnist for ISO & Agent, where he wrote about how payments facilitators are becoming a new breed of merchants. Read the full article here:
The article discusses how Payment Facilitators have emerged as a key value add for Acquirers and Processors by changing the payments landscape. They make it possible for small businesses to start accepting online payments and bring solutions to merchant verticals that, until recently, was not possible through traditional merchant/acquiring relationships.
Additionally, Payment Facilitators own the aggregate risk of the merchants they sponsor, but if they don’t have a solid front-end defense to protect themselves it can take one bad actor to bring down an entire portfolio. In fact, some merchants have gone under because their security problem was so severe.
How do Payment Facilitators minimize risk? By implementing a complete end-to-end solution.