Payments On Fire

On Payments on Fire® we’ve talked with gateway operators, processors, tokenization specialists, fraud management firms, and others - all providers who help payment acceptors handle their payments. The range of services and business value they deliver varies a lot. Some providers do everything. Others, like Spreedly, the subject of this Payments on Fire® podcast, focus on a narrower set of functions and business outcomes. Payment Flow and the Payment Service Provider (PSP) When we talk about merchant acquiring in the Glenbrook Payments Boot Camp, we highlight the following transaction flow: The merchant or its ISV, perhaps running as an PayFac, accepts the customer’s payment They connect to a gateway or a processor The gateway routes the transaction to an acquiring bank or its processor OR the merchant connects directly to one of these entities The transaction is routed by the acquirer or processor into the payment network and on to the accountholders’s financial institution That picture oversimplifies the t