Payment Facilitator A Growing Industry Understanding It A New Website Launched by Rich Consulting

Rich Consulting offers the skills of a team of experts on auditing and establishing risk, compliance and underwriting programs for Payment Service Providers and Payment Facilitators.

October 8, 2018 /MarketersMedia/ —

Rich Consulting is pleased to announce that they have launched a new website to describe their consulting services for clients interested in developing strategies for operating in today's dynamic payments environment. It is critical to manage appropriate levels of risk. For more than a quarter-century, Rich has consulted with 150-plus companies to evaluate and reduce risk exposure by developing or bolstering sound compliance, risk management and underwriting programs. The unique team relies on unmatched experience and exhaustive data to conduct thorough reviews of risk and operational policies and departments, explore vulnerabilities against card scheme rules, and use industry best practices to identify areas for improvement or remediation.

Becoming a Payment Facilitator is growing in popularity as a way to reduce friction in the boarding process, streamline pricing and build market share in the small business arena. The professional team will help clients understand and capitalize on the challenges and opportunities the model brings.
The consulting team works closely with existing ISOs to help them leverage the value of the payment facilitator model. This includes how to work with a sponsor bank as a PF, developing and helping implement policies and procedures for underwriting, risk management and transaction reviews, leveraging frictionless boarding, leveraging existing ISV relationships, evaluating existing onboarding processes and developing a complete implementation and launch plan.

The Rich team will provide a thorough understanding of the PF space, industry best practices, and background knowledge of the payment facilitator market. This will include business case development and gap analysis; evaluation and selection of bank and processing partners; and acquiring risk management education and training.

A representative of the firm spoke to an interviewer, “Whether you are a PSP or PF needing templated or customized underwriting and risk monitoring procedures, or an acquirer looking for a frictionless boarding solution, we can lead you effectively and efficiently to the best decisions and the best results.”

Contact Info:
Name: Deana Rich
Organization: Rich Consulting

Source URL: https://marketersmedia.com/payment-facilitator-a-growing-industry-understanding-it-a-new-website-launched-by-rich-consulting/418865

For more information, please visit http://deanarich.com/

Source: MarketersMedia

Release ID: 418865