Banks and payment processors have controlled the entire payments ecosystem and captured all of the revenue associated with enabling merchants to accept credit and debit card payments. All of that is changing with new models that enable businesses to monetize payments themselves.
The payments space has been evolving at a rapid pace for the past century. The latest technologies have ushered in even bigger changes to the financial landscape. Learn more about the changes and what the impact has been so far.
This post goes into detail about merchant-of-record, what is the significance, and what are ways to mitigate liabilities.
