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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. percent that already do so.

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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? PYMNTS got that answer, among others, in our just-published The Key To Optimizing Merchant Services Report , done in collaboration with technology firm Endava. . 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

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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Top News In Payments: Antitrust Probe For Google Shopping Comparison Tool; Visa Warns Of Rise in Gas Station POS Cyberattacks

PYMNTS

New Data: Why MSPs Are Staking Their Futures On Value-Added Services. Nearly 90 percent of merchant service providers believe offering value-added services — like alternative payment acceptance and data analytics — is vital to their success.