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

The Fintech Times

” “MSPs have an important role to play in that strategy – helping businesses to bridge the skills gap, focus on their goals, and smartly reappropriate resources. ” The post UK Businesses Turn to MSPs as Part of ‘Complex Strategy’ as IT and Tech Skills Gap Widens appeared first on The Fintech Times.

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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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What is an Independent Sales Organization (ISO) in Payment Processing?

Paystand

ISOs vs. MSPs: ISOs focus on merchant services, while MSPs often offer integrated solutions tied to financial institutions. Becoming an ISO requires bank sponsorship, industry regulation compliance, and payment processor partnerships.

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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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13 Questions to Ask When Evaluating a Merchant Service Provider

EBizCharge

A merchant services provider (MSP) is an intermediary between banks, card networks, and merchants, ensuring smooth and secure transactions between businesses and their customers. MSPs provide payment technology that enables businesses to process digital payments, such as credit, debit, and ACH/eCheck transactions.

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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.