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What is a Merchant Account and Does Your Business Need One?

EBizCharge

Merchant account providers (MSPs) often offer tailored solutions based on the type of business and online transaction volume. To apply for a merchant account: Begin by researching and selecting a suitable merchant account provider. Merchant accounts provide much value for businesses trying to accept payments, but how do they work?

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New Data: Why MSPs Are Staking Their Futures On Value-Added Services

PYMNTS

Businesses need help to access and deploy these powerful tools, however – and this means their merchant service providers (MSPs) must be prepared to step up. Many MSPs, including acquirers, independent sales organizations, payment gateways and payment facilitators, are starting to recognize this. Most MSPs already offer a suite of VAS.

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UK Businesses Turn to MSPs as Part of ‘Complex Strategy’ as IT and Tech Skills Gap Widens

The Fintech Times

The new research found that the most common approach is investment in the training and development of in-house talent (including reskilling and upskilling), as well as improving recruitment processes and partnering with suppliers or managed service providers. “Our So how are firms trying to tackle the skills gap?

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NEW DATA: Why 63 Pct Of Merchant Services Providers Want A Payments Overhaul

PYMNTS

These challenges are especially acute for merchant service providers (MSPs) and the clients they serve. After all, many businesses look first to their MSPs, including acquirers and independent sales organizations (ISOs), to connect them to the vast and growing digital ecosystem. Nearly two-thirds of providers, 63.5

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Optimizing Merchant Services: The Need For Speed

PYMNTS

For example, merchant services providers (MSPs) have long supplied credit card processing for retailers as their central offering. But with instant money and open banking rewiring entire industries, MSPs have accepted that it’s no longer “business as usual.” Creative destruction eradicates some business models and reformulates others.

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Value-Added Services Hold Key To The MSP Future

PYMNTS

What do the biggest, most successful merchant service providers (MSPs) concur is the key to their collective future? The answer to that cliff-hanger opener, incidentally, is value-added services (VAS) — the growing assortment of benefits that MSPs provide to their merchant clients. Either way, the trend is gaining momentum fast.

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91.1% of Organisations Impacted by AI-Enhanced Phishing Attacks, Acronis Reports

The Fintech Times

The latest Acronis release, ‘ Cyberthreats Report, H2 2023: Alarming rise in cyberattacks, SMBs and MSPs in the crosshairs ‘, details how organisations experienced a 54 per cent increase in the number of attacks per organisation.