Press room

"Waze is following the trend of software companies integrating payments into their mobile applications as a way for merchants to add value to the user experience."

- Infinicept CEO Todd Ablowitz, Digital Transactions

"Reserves are a tool used in differing ways and frequencies among payment processors."

- Infinicept CEO Todd Ablowitz, Digital Transactions

"First, ISOs aren’t allowed to have a two-party agreement between the ISO and the merchant. Instead, the processing agreement must have the sponsoring bank on the paperwork. There are even some esoteric rules on this front, like Visa requiring ISOs to have the bank’s logo of equal size to that of the ISO on the application and agreement. This slows down merchant onboarding dramatically – a traditional ISO might take days to onboard a merchant, which is particularly painful for online merchants who demand speed.

Second, ISOs can’t touch the money in the processing stream. The funding goes from the acquiring bank to the merchant, not through the ISO. The downside here is that the ISO is limited in what it can do."

- Infinicept CEO Todd Ablowitz, Reforming Retail

"For emerging electronic payments categories, such as business to business, government payments, etcetera, it’s truly new payments. In 2010, 10% of all donations were electronic (at that time it was a $277B industry). I would bet that it’s more than half today. In 2010 India had very few merchants processing cards. Today India has 5M merchants processing cards, making it number three in the world. In both of these examples nearly all of that net-new volume came from software companies that were also PayFacs.”

- Infinicept CEO Todd Ablowitz, Reforming Retail