PF Day 16: Value Adds And New Verticals Are The Tickets To Vast Opportunities

One of the six sessions at last month's 2nd Annual Payment Facilitator Day at the ETA TRANSACT 2016 in Las Vegas was titled “New Verticals in Payments: Why The PF Model Makes It Happen,” and featured Double Diamond Group president Todd Ablowitz and executives who have successfully added payment facilitating to their toolboxes.

As heard on this week's PaymentFacilitator.com podcast, Ablowitz provided eye-popping growth numbers and made it clear just how many software as a service vendors could benefit from becoming a payment facilitator: nearly 13,000 that could add not only value to merchants but boost their margins.

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PF Day 16: Value Adds And New Verticals Are The Tickets To Past Opportunities

One of the six sessions at last month's 2nd Annual Payment Facilitator Day at the ETA TRANSACT 2016 in Las Vegas was titled “New Verticals in Payments: Why The PF Model Makes It Happen,” and featured Double Diamond Group president Todd Ablowitz and executives who have successfully added payment facilitating to their toolboxes.

As heard on this week's PaymentFacilitator.com podcast, Ablowitz provided eye-popping growth numbers and made it clear just how many software as a service vendors could benefit from becoming a payment facilitator: nearly 13,000 that could add not only value to merchants but boost their margins.

PFs May Not Know Mobile Wallet Users As Well As They Think

When the new Auriemma Consulting Group Mobile Pay Tracker report was released on Tuesday (May 31), it delivered some surprises. For example, most mobile wallet consumers do not have their favorite (aka most used) card as the default card in their mobile wallet. Even in April 2016, most mobile users (57 percent) don't have the technology to do almost any mobile payments. The report also detailed the higher incomes of iOS users compared with Android.

Even one of the non-surprising details of the report-that tech brands are more trusted than financial brands-is interesting in its scope, with "banks/financial institutions" getting roughly one-third of the trust points awarded to Apple and performing only slightly better when compared with Google and Samsung. (Note: The exact phrasing of the question is unclear. If the choice was literally "banks/financial institutions," that might not be fair to compare a nameless vertical against specific brands. Had they, however, compared Chase and Wells Fargo to Apple and Google, that would have been more, please forgive me, apples-to-apples.)

New Treasury Rules Mean Huge PF Changes

A new set of rules announced by the U.S. Treasury Department in May will force payment facilitators to reveal not only who owns a company, but also whoever controls and/or manages it. This will mean a lot more information will have to be revealed about charities, non-profits and other PF-friendly businesses. The new rules requires that each owner who has more than 25 percent of ownership must be identified, along with anyone who controls or manages the operations, whether or not they are an owner. On the plus side, these rules are not retroactive and won't even start kicking in until July 11, 2016, with required implementation not happening until May 11, 2018.

What are the key PF implications? "PFs that deal in small mom and pops will have no change when there is one owner and she/he is in control," said Deana Rich, head of Rich Consulting. "PFs will have a big change if there are two owners-such as a husband and wife each with 50 percent. In the past, only one was necessary. Now it will be two. But there's an added string. If their kid runs the business, now (the son/daughter) will be required to be IDed as well."

80+ Sponsors and Exhibitors Revealed for Seoul's Leading Frontier Technology Event on June 22-24, 2016, Showcasing 3D Printing, Robotics, and Virtual Reality Innovation

Rising Media and 3DR Holdings announced more than 80 sponsors and exhibitors for the co-located Inside 3D Printing, RoboUniverse, and Virtual Reality Summit conference and trade show in Seoul, South Korea, taking place in association with the Korea International Exhibition Center (KINTEX).

(New York, NY – June 1, 2016) – Rising Media, Inc. and 3DR Holdings announced that more than 80 local and international 3D printing, robotics, and virtual reality companies are confirmed to sponsor or exhibit at the upcoming co-located Inside 3D Printing, RoboUniverse, and Virtual Reality Summit conference and trade show, taking place at the Korea International Exhibition Center (KINTEX) on June 22-24, 2016.

Following a successful co-located event in New York in April, this is the first time that all three events will be hosted together in Korea. Now in its third year, Inside 3D Printing Seoul has established itself as the premier professional 3D printing conference and expo in Korea.

RoboUniverse is returning to KINTEX for its second year, whereas this is the first edition of the Virtual Reality Summit in Seoul.

The list of sponsors and exhibitors features local and international technology leaders, including platinum sponsors MakerBot, Unity Technologies, and YS-Thermtech Co., Ltd.; gold sponsors FXGear and MarkAny; and silver sponsor HanilProTech.

“Following successful previous events, we are excited to return to Seoul this year to bring together Inside 3D Printing, RoboUniverse, and the Virtual Reality Summit for the first time in Korea,” said Matthew Finlay, CEO & Founder, Rising Media.

“By combining these events, we aim to offer visitors the opportunity to take part in the next frontier of innovation, exploring technologies that are leading the charge in shaping the way we work, learn, and live,” he continued.

Rising Media and 3DR Holdings also revealed the full program for the events, which features 28 3D printing sessions, 22 robotics sessions, and 18 virtual reality sessions. The program focuses on business applications for 3D printing, robotics, and virtual reality, highlighting practices and uses in manufacturing, medicine, metal, entertainment, marketing & advertising, AI, drones, and more.

Prices for the event increase on-site, so register before to save. For more information and to register, visit inside3dprinting.com/seoul, robouniverse.com/seoul, and virtualrealitysummit.com/seoul.

If your company is interested in sponsoring or exhibiting in Seoul or at an upcoming event, please contact sponsorship@risingmedia.com.

About 3DR Holdings

3DR Holdings, LLC invests in media properties related to 3D Printing, Robotics and Frontiertech.

About Rising Media

Rising Media is a global events and media producer excelling in Internet and technology-related events and content. Events include Inside 3D Printing, RoboUniverse, Virtual Reality Summit, Data Driven Business, Building Business Capability, Predictive Analytics World, Text Analytics World, eMetrics Summit, Conversion Conference, AllFacebook Marketing Conference, Search Marketing Expo, Affiliate Management Days and Web Effectiveness Conference in the USA, United Kingdom, Germany, France, Dubai, India, China, Korea, Singapore, Australia, Brazil.

For more information, please visit www.risingmedia.com.

For press inquiries, please contact media@risingmedia.com.

PFs Are No Longer Flying Under The Radar

One of the six sessions at last month's 2nd Annual Payment Facilitator Day at the ETA TRANSACT 2016 in Las Vegas was titled “What You Should Ask Your Payments Attorney: Yes, You Need an Attorney for This Stuff,” and featured Heather Mark, Director of Compliance for ProPay; Holli Targan, partner, at the law firm Jaffe Raitt Heuer & Weiss; and Marc Liner, senior vice president and associate general counsel for Bank of America Merchant Services.

The panel cautioned payment facilitators and prospective payment facilitators that regulators are slowly and steadily noticing the payment facilitator model. It is a must to be aware of the rules now, and how they change as the model grows, as you'll hear from this week's PaymentFacilitator.com podcast. “We are no longer flying under the radar,” said Targan.