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Ben Kauder

Payfac and integrated payments expert and Chief Product Officer at Singular Payments.
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Recent Posts

The Revenue Power of Monthly Residuals

Posted by Ben Kauder on Jan 10, 2018 5:01:00 AM

residual income.jpgLike every business out there, software companies are always trying to find ways to earn ongoing monthly residual revenue. That’s the gold standard because it’s ‘set it and forget it’ and the checks roll in every month, aka “mailbox money”.  Implementing a payments integration is one of those ‘Ah ha!’ easy ways to get that residual revenue flowing. The problem for a VAST MAJORITY of software developers is how many of your clients (users of your software product) are actively using your integrated payment processing solution? Based on industry statistics we know that if you have 20-30% penetration then you are in the top 5% of software developers.

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Topics: automated onboarding, payfac automation, software developers, software solution, software developer, integrated payment processing, scope of work

Choose Your Payments Partner Wisely

Posted by Ben Kauder on Oct 4, 2017 8:42:18 AM

In our payments integration consultations with software developers, we often educate on several critical areas to consider when choosing any payments partner. These include age of the specs/APIs, certification process, acquirer control on the platform, underwriting, application/agreement workflow and payment processing pricing. In our model Payfac in a Box™, we’ve put all these goodies and more ‘in a box’ to ensure a simple, straightforward, and long-lasting integration setup that will make merchant adoption and their continued use of the service top-rate. Read on to educate yourself on these important aspects of selecting a payments integration partner, so you don’t get stuck down an expensive path that doesn’t result in the best custom payments integration for your software solution and merchant users.

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Topics: flat rate credit card processing, credit card payments, singular payments, flat rate payment processing, payfac in a box, payfac automation, custom payments integration

Wrap Up Your Reporting – In a Box

Posted by Ben Kauder on Sep 20, 2017 8:24:38 AM

An important part of the convenience of our Payfac in a Box™ payments integration solution is the built-in reporting functionality. When payments (authorization/settlements) are processed you have the option to receive a raw data feed (in CSV file format) of that data as the software developer. This gives you a variety of options to monitor payments processed, reconcile accounts, control your customer’s experience and more.

By using the Payfac in a Box™ API for onboarding/contracting and authorizations, you have the visibility into the payment traffic but most importantly the settlements/disbursements. This allows for you to see the full flow of the transaction through your integrated processing interface with Singular.

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Topics: reporting api, software solution, payfac integration, automate reconciliations, payfac reporting, software developer

Simplicity & Security – In a Box

Posted by Ben Kauder on Aug 23, 2017 8:20:31 AM

Security is very important; therefore, you should ask questions when considering a payments integration technology partner.

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Topics: electronic payment processing, PCI, PCI compliance, payfac in a box, payfac, payfac security, payment processing security, secure api

The Key to Getting Paid - Disbursements

Posted by Ben Kauder on Aug 9, 2017 8:10:36 AM

One of the big challenges software developers face but rarely fully understand is the complexity of settlements and disbursements through an electronic payments implementation.

 

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Topics: payfac in a box, payment faciliator, payfac disbursements, payment disbursements, disburse funds to multiple locations

The Critical Question When Considering a Payments Integration

Posted by Ben Kauder on Jul 26, 2017 7:03:00 AM

So, you signed a payments integration deal with a bank, processor, acquirer, ISO or agent...what's next? 

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Topics: payments integration, payfac in a box, payfac, automated onboarding, payfac automation, payments onboarding, bulk merchant onboarding

All Aboard – Batch Onboarding in the Payment Facilitator Model

Posted by Ben Kauder on Jul 12, 2017 5:02:00 AM

Payment facilitation was created to remove the friction of having a one-by-one onboarding process so that a bulk group of merchants who use a common software platform can be quickly and easily boarded to a processing platform. As a payment facilitator, Singular Payments’ Payfac in a Box™ solution does just that. When your software has hundreds or thousands of user/merchants to board onto a payments platform, it can be a very time-consuming and painful process without automation. Using our APIs, we can quickly and efficiently onboard thousands of merchants at a time through our complete payment facilitator interface. Through our API your sub merchants are onboarded and ready to process instantly once they click ACCEPT on the Terms and Conditions documents which will be emailed to them. We also have a team of in-house expert sales and customer support specialists to assist any merchants by phone who need extra help understanding the Terms and Conditions and accepting them to start processing. We know through working with developers that onboarding and getting merchants up and processing is the biggest stumbling block to any successful integration, so our solution includes a batch onboarding interface along with a customized customer service experience to ensure an A-rated experience across the board.

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Topics: payfac in a box, payfac, payment facilitator, batch onboarding, payment facilitator onboarding

The Future of Payments Automation

Posted by Ben Kauder on Jun 28, 2017 5:51:00 AM

The payments space is complex; there are so many routes to set up electronic payments acceptance it could make your head spin. And the end-all goal is automation while maintaining control and security. Everyone is looking for a way to fully sync the payments cycle from swiping or keying in a card to recording the transaction in a bookkeeping system to shooting out a receipt to the customer. Therefore, creating a fully automated and easy payments life cycle.

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Topics: electronic bill presentment, electronic bill payment, integrate payments APIs, bill presentment and payment, payments software integration, integrate payments into software, payments automation, payment integration

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