Payments orchestration promises a possibility-filled future for merchants. They want one connection to maintain to achieve global reach with configurable routing tools and logic. But can today’s vendors provide what merchants need? At the bare minimum, yes. There’s much more work and growth to be done. But who will do that work? At Merchant Risk…
This post is not a primer on 3D-Secure 2.X (3DS2) If you are looking for a better understanding of this topic before diving in, here’s a list of resources that we’ve curated to answer the following questions: What is 3D-Secure? What’s the current state of 3D-Secure? Why was there a delay to the PSD2 enforcement…
“I came across this portion of code and everyone avoids it, it’s called payments.” -Joel Taylor, Where’s My Money? Presented at PaymentsFN 2020 The more I watch engineers present on payments, the more abundantly clear it becomes to me that engineers view payments not as a boring mystery but in fact, a super high-risk assignment….
Now, risk reduction thinks two steps ahead. Guest Post by our partners at Paladin Fraud Group It’s a push-and-pull as old as time (well, as old as eCommerce, anyway): merchants need more assurance that a customer is who they say they are—and the customer desires a frictionless transaction process without too many verification speedbumps. Despite…
“Every system of control depends for its survival on the tangible and intangible benefits that are provided to those who are responsible for the system’s maintenance and administration. This system is no exception.” Michelle Alexander, The New Jim Crow. As payments professionals, when we discuss systems of control we are typically referring to tools and…
With payment providers offering 300+ payment methods for acceptance, it can be difficult to determine when and where to display which payment method. Churn can happen thanks to the confusion of integrating so many potential payment methods. The objective of payments orchestration is to reduce churn in the total conversion rate. One of the most…
By our partners at Paladin Group, now a member of MVB Financial Corp. While the average person on the street couldn’t define “behavioral biometrics” off the top of their head, these technologies are quietly helping to save them from ending up a statistic. With billions of login credentials hacked every year, plenty of people are…
What, Why, and How According to FIS, “traditionally, payment analytics awareness has been low and the more savvy merchants have relied on simple reports organized around Bank Identification Numbers (BIN files).” As payment environments complexify, these legacy payment analytics are insufficient to support growth. For the purposes of simplicity, we will be referring to Bank…
By Isabella Pelegero What qualifies an organization to set standards for the payments environment? And by whom are these organizations kept accountable? According to the U.S. government, “how standards are set is a matter of some concern because the economic and social stakes in standards are so large. The standards development process must be fair…
RPGC is releasing a white paper which presents the business case for a new “Payments Orchestration Layer” or POL. Over our many engagements, we have observed that companies have a pressing need for an abstracted layer in which global connectivity, smart routing, real-time ledgers, and end-user tools all work together. Otherwise, environments can look messy,…