Payments Facilitator news and trends

Squarespace Hits $1 Billion in Revenue as It Takes on Payments Facilitator Mantle
Earnings // February 28, 2024

Squarespace announced its financial results for the fourth quarter of 2023 on Wednesday (Feb. 28), revealing a milestone: The company that helps individuals and businesses to build brands online surpassed $1 billion in revenue for the first time, marking a 17% growth for the year....

BMW of North America Taps Stripe to Power Online Payments
Payment Methods // January 27, 2023

BMW of North America has selected Stripe as its primary payments infrastructure. The financial infrastructure platform will facilitate the automaker’s U.S. vehicle preorders and online purchases of extended warranties, maintenance and digital services, Stripe said in a Friday (Jan. 27) press release. “Our primary focus at BMW is to...

Not All ISV Roads Must Lead To Being A PayFac
Payments As A Service // March 17, 2020

For software companies, the quickest route to top-line and margin torque might be to offer payments to their merchant customers — onboarding those merchants and processing payments and payouts. As Daniela Mielke, CEO of RS2 Software, told Karen Webster in a recent podcast, the strategy...

Finix CEO: Why Every Software Platform Should Be A PayFac
Payments As A Service // July 19, 2019

Every firm its own payments processor? Finix, a payments infrastructure firm focused on giving companies what it terms “ownership” of  the payments stack, said that it had closed on a $17.5 million Series A funding round that was led by Bain Capital ventures. Additional participation...

Interviews & Exclusives
Not All ISV Roads Must Lead To Being A PayFac

March 17, 2020
For software companies, the quickest route to top-line and margin torque might be to offer payments to their merchant customers — onboarding those merchants and processing payments and payouts. As Daniela Mielke, CEO of RS2 Software, told Karen Webster in a recent podcast, the strategy might not be the best one. The conversation came against […]

Finix CEO: Why Every Software Platform Should Be A PayFac

July 19, 2019
Every firm its own payments processor? Finix, a payments infrastructure firm focused on giving companies what it terms “ownership” of  the payments stack, said that it had closed on a...

The ROI On Being A PayFac? Zero

August 31, 2017
With changes happening all around us every day, the highly adaptive and evolutionary tendencies of technology in the closing years of the 2010s sometimes mean big changes — seismic changes...

So, You Want To Be A PayFac

August 14, 2017
So, you want to be a PayFac? As a software platform, you’ve decided that instead of referring merchants to a third-party provider to process payments, you want to offer the...

Quick Reads
Spendbase Selects Thredd as US Payments Processor

July 25, 2024
Software subscription management platform Spendbase has selected global payments processor Thredd as its U.S. payments processor. Spendbase is expanding into the U.S. and chose Thredd to issue and process virtual cards for its subscription payments, the companies said in a Thursday (July 25) press release. “We have selected Thredd as our issuer processor for the U.S. market […]

BMW of North America Taps Stripe to Power Online Payments

January 27, 2023
BMW of North America has selected Stripe as its primary payments infrastructure. The financial infrastructure platform will facilitate the automaker’s U.S. vehicle preorders and online purchases of extended warranties, maintenance and digital services,...