Amex GBT integrates Lyft, Boost dispels v-card myths, and SWIFT plans faster payments initiative in APAC.
 

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TODAY'S NEWS | OPINION | INDEXESTRACKERSPYMNTS LIVE

April 232018

       BUSINESS TO BUSINESS EDITION

The Monday Conversation

WePay: ISOs, ISVs And The Future OF PayFacs

The road to becoming a PayFac, WePay co-founder Rich Aberman told Karen Webster, is long, risky, expensive and technologically complex. For some ISOs and ISVs, he said, it’s also the best path forward. For others? Well, there are options that may not be so mutually exclusive. He, and we, explain.

 

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Data Digest

FinServ Executives Frustrated With Lack Of Regulatory Harmony

GDPR, KYC, AML, MiFID II — within these acronyms, a complex picture of regulation emerges for the financial services industry. It's getting expensive, too, according to a Duff & Phelps survey. The costs of compliance, coupled with volatility linked to Brexit and President Trump, as well as a lack of regulatory harmony across borders, make for a dizzying market that FinServ execs expect to grow even more difficult.

 

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Virtual Commercial Cards

Boost CEO: Dispelling The Myths Of Virtual Cards

Despite the speed, efficiency and security of virtual commercial cards, their adoption remains muted, and suppliers’ reluctance to accept this payment method endures. Dean Leavitt, founder and CEO of Boost Payment Solutions, says the risks and challenges perceived by suppliers when accepting cards are rooted more in myth than reality. He tells PYMNTS why many of the risks suppliers think they face have already been addressed by the industry.

 

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