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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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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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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.” Three Personas Confront the VAS Dilemma. On Reinventing the Wheel.

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

PYMNTS

Financial institutions (FIs) are facing an all too familiar challenge: Customers and clients are increasingly demanding fast, data-rich products and services, yet their legacy core payment processing systems are often antiquated. These challenges are especially acute for merchant service providers (MSPs) and the clients they serve.

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Wading Through Business Apps For A Single View Of Finances

PYMNTS

But within the enterprise itself, data sharing is now paramount to achieving a single source of truth: real-time visibility into cash positions, payments, the status of various processes and beyond. ” Increasingly, MSPs are tasked with handling more financial data as well, from sources like invoices and payments of their customers.

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