Navigating Complex Commerce and Payment Models

The world of payment and unified commerce contains a variety of complex business processes, risks, compliance standards, and so much more.

Senior Vice President of Business Solutions at Amaryllis, Bruce Shirey, joins host Tyler Kern to talk about navigating this complex landscape.

Shirey wanted to provide a deeper insight into the arena of payment facilitation. One successful payment facilitator, or PayFac, is Shopify. They did not start out as a PayFac. Originally, Shopify was a merchant eCommerce software platform. Shopify became a fully registered PayFac, and now 61% of their revenue is from payments.

Shirey said some companies are too focused on technology and not on the processes and regulations in the payment world. He said that companies should really identify the true objectives the company is trying to accomplish. Shirey thinks that companies typically underestimate requirements, length of time for registration and certification, and the cost of becoming a payment facilitator.

For the latest news, videos, and podcasts in the Software & Technology Industry, be sure to subscribe to our industry publication.

Follow us on social media for the latest updates in B2B!
Twitter – @MarketScale
Facebook – facebook.com/marketscale
LinkedIn – linkedin.com/company/marketscale

Follow us on social media for the latest updates in B2B!

Image

Latest

Black leadership
DisruptED in the D: The Power of Black Leadership with Dwan Dandridge (Ep. 1)
February 5, 2025

Detroit has long been a city of resilience, innovation, and reinvention. Once the heart of American industry, its rebirth has been marked by waves of economic and social transformation. But as new developments reshape the city, the question remains: who gets to be part of this transformation, and how can Black leadership play a…

Read More
Portia Roberson
DisruptED in the D: A Story of Hope with Portia Roberson (Ep. 2)
February 5, 2025

Detroit is experiencing a renaissance, but its revival is still unfolding. Leaders like Portia Roberson, CEO of Focus: HOPE, are committed to ensuring that this transformation is inclusive and benefits all communities. As new industries take root and technology reshapes the workforce, Detroit must prioritize equitable access to opportunities. With initiatives like Black Tech…

Read More
Black Leaders Detroit
DisruptED in the D: Building an Inclusive Future with Black Leaders Detroit’s CEO Dwan Dandridge (Ep. 2)
February 5, 2025

Detroit’s comeback is defined by perseverance, creativity, and inclusivity—but who is ensuring that all Detroiters benefit from the city’s economic revival? Black Leaders Detroit, under the leadership of CEO Dwan Dandridge, is addressing this challenge head-on by providing capital and support to Black entrepreneurs in the city. Since its founding in 2019, the organization has…

Read More
Breaking Sound Barriers in Assistive Audio with Maile Keone
February 4, 2025

The significance of high-quality audio solutions tends to be overlooked as technological advancements often prioritize and cater to the visual appeal. But clear and intelligible sound is very much a crucial factor in many types of environments, which can range from large stadiums to modern museums. Poor audio quality can lead to fatigue, frustration,…

Read More