PaymentsJournal
No Result
View All Result
SIGN UP
  • Commercial
  • Credit
  • Debit
  • Digital Assets & Crypto
  • Digital Banking
  • Emerging Payments
  • Fraud & Security
  • Merchant
  • Prepaid
PaymentsJournal
  • Commercial
  • Credit
  • Debit
  • Digital Assets & Crypto
  • Digital Banking
  • Emerging Payments
  • Fraud & Security
  • Merchant
  • Prepaid
No Result
View All Result
PaymentsJournal
No Result
View All Result

Facilitators Can Give Businesses More Control over Payment Processing

By Steve Murphy
May 5, 2021
in Analysts Coverage, Cash Management, Commercial Payments, Credit, Debit, Digitalization, Emerging Payments, Processing
0
0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn
Facilitators Can Give Businesses More Control over Payment Processing

This piece was found in Payments Source and discusses the relative benefits of merchants utilizing a payments facilitator acceptance option instead of a direct relationship with an acquiring processor.  The author in this case takes aim at the field services industry. 

This tends to streamline the process for merchants who then don’t have to deal with multiple parties (acquirer, processor, etc.) and may indeed gain some pricing leverage as part of a cooperative.

‘The payment transaction within the order-to-cash cycle is arguably one of the most crucial parts of field service industries. For some companies, there is not enough debate or research involved when deciding on a payments provider. However, it is becoming more critical for service providers to take control of their payments process and understand how the field service software partners they work with can significantly help them secure a competitive advantage.’

One would also expect that a payfac may also provide some consistency across the payments experience. The author goes on to point out some of the potential advantages of the payment facilitator model such as increased advocacy, lower fees, time savings and an easier customer experience. 

These are detailed inside the posting.  The listed benefits all seem generally logical of course but since the author is discussing field services an example would be helpful for that particular use case. Perhaps we’ll see more as this model grows.

‘As consumer demands and payment processing options continue to increase, field service companies must also increase the amount of digital payment options available to their customers. Understanding which field service softwares are viable options to help provide a great experience for customers while simultaneously growing the business is crucial. Choosing to work with the right payment provider allows for increased advocacy, reduced rates and headaches, and better overall customer satisfaction, all while making sure companies are empowered to succeed through payments.’

Overview by Steve Murphy, Director, Commercial and Enterprise Payments Advisory Service at Mercator Advisory Group

0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn
Tags: Businesscash cycleConsumer DemandDigital PaymentsPayment Processing

    Get the Latest News and Insights Delivered Daily

    Subscribe to the PaymentsJournal Newsletter for exclusive insight and data from Javelin Strategy & Research analysts and industry professionals.

    Must Reads

    ACH Network, credit-push fraud, ACH payments growth

    What’s Driving the Rapid Growth in ACH Payments

    February 2, 2026
    chatgpt payments

    How Merchants Should Navigate the Rise of Agentic AI

    January 30, 2026
    fraud passkey

    Why the Future of Financial Fraud Prevention Is Passwordless

    January 29, 2026
    payments AI

    When Can Payments Trust AI?

    January 28, 2026
    Contactless Payment Acceptance Multiplies for Merchants: cashless payment, Disputed Transactions and Fraud, Merchant Bill of Rights

    How Merchants Can Tap Into Support from the World’s Largest Payments Ecosystem

    January 27, 2026
    digital banking

    Digital Transformation and the Challenge of Differentiation for FIs

    January 26, 2026
    real-time payments merchant

    Banks Without Invoicing Services Are Missing a Small Business Opportunity

    January 23, 2026
    card program

    Should Banks Compete in the Credit Builder Card Market?

    January 22, 2026

    Linkedin-in X-twitter
    • Commercial
    • Credit
    • Debit
    • Digital Assets & Crypto
    • Digital Banking
    • Commercial
    • Credit
    • Debit
    • Digital Assets & Crypto
    • Digital Banking
    • Emerging Payments
    • Fraud & Security
    • Merchant
    • Prepaid
    • Emerging Payments
    • Fraud & Security
    • Merchant
    • Prepaid
    • About Us
    • Advertise With Us
    • Sign Up for Our Newsletter
    • About Us
    • Advertise With Us
    • Sign Up for Our Newsletter

    ©2024 PaymentsJournal.com |  Terms of Use | Privacy Policy

    • Commercial Payments
    • Credit
    • Debit
    • Digital Assets & Crypto
    • Emerging Payments
    • Fraud & Security
    • Merchant
    • Prepaid
    No Result
    View All Result