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Wagner L. May 7, 2024 (edited)
Community Announcement
Last active over 7 days
Last active over 7 days
Hello everyone. I will be in SF later this month for the Finovate Spring conference. We do integrations and digital product development for financial services companies, specifically in the payments space. If anyone is around and would like to connect, that would be great.
 
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Daniel M. May 7, 2024
Knowledge Share
Last active over 7 days
Last active over 7 days
Hi everyone! I'm writing an article for Berkeley payments about Real-Time Payment use cases. I'm looking for a quote from someone who works in this field to include in this piece: it only needs to be a sentence or two. In return, you'll get a full quote credit and link to your business. Please feel free to DM me. Thanks!
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Viktoria S. Jan 18, 2025 - 8:29AM We are happy to help with Marcia Klingensmith as this is our specialty https://www.pspangels.com/instant pls DM me
Daniel M. May 11, 2024 - 8:50AM Thank you, Steven Wasserman, I'll check it out!
Steven W. May 10, 2024 -11:54AM Hi Daniel - check out https://fasterpaymentscouncil.org/use-cases as well as the the following website for a book that I co-authored and was just published on Amazon last week SmartInstantPayments.com
Daniel M. May 10, 2024 - 3:32AM Thank you, Angel Lorente!
Angel L. May 7, 2024 - 6:27PM Can you help Daniel - Ron Mazursky , Viktoria Soltesz , Wayne Brown , Steven Wasserman
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Viktoria S. May 6, 2024
Knowledge Share
Last active over 7 days
Last active over 7 days
“Looking for a bank or payment processors” might be the most expensive post you have ever made

Many of us want to integrate more payment processing options onto our platform, to offering variosu processing services to our clientele. Finding the right payment service providers is hard, but usually we follow these steps: contact as many as we could, gather their fees and integrate the best options.

This challenge is much harder and complex than you would imagine.

PSPs and gateways often share acquiring banks and channels, undermining diversification efforts. This interconnectedness can jeopardize risk management strategies, leaving companies vulnerable to systemic failures.

Sales pitches in the banking and payment processing industry also often overpromise and underdeliver. Pursuing large-volume merchants leads to exaggerated claims, leaving clients disillusioned when expectations aren't met.

Price should not be the sole consideration when selecting a payment provider. Hidden fees, low conversion rates, technical issues, and poor customer service can outweigh initial cost savings.
Short-term discounts may lead to long-term profit losses.

Engaging a payment expert is essential to avoid costly mistakes. Without sufficient experience, companies risk selecting unreliable providers or overlooking critical factors.

Due diligence alone may not suffice in an industry reliant on insider knowledge and trust. Investing in expertise upfront can prevent significant losses in the long run.

For more info and further points, read my full article on the subject on LinkedIn: https://www.linkedin.com/pulse/looking-bank-payment-processors-might-most-expensive-post-soltesz-umr2f/?trackingId=5fzOOzPnT5%2BsMmRROVAY%2Bg%3D%3D

“Looking for a bank or payment processors” might be the most expensive post you have e...

I remember, a few years back, I ran the accounting department for a large platform provider. The CEO wanted to integrate more payment processing op...

 
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