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Becoming an Acquirer Andrea Dunlop, CEO Acquiring & Card Solutions June 2016

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Page 1: Becoming an Acquirer - PSE Consultingpseconsulting.com/wp-content/uploads/2016/02/... · in online payments 50k+ merchant processing accounts $40bn transactions across payment processing,

Becoming an AcquirerAndrea Dunlop, CEO Acquiring & Card

Solutions

June 2016

Page 2: Becoming an Acquirer - PSE Consultingpseconsulting.com/wp-content/uploads/2016/02/... · in online payments 50k+ merchant processing accounts $40bn transactions across payment processing,

Going solo

Page 3: Becoming an Acquirer - PSE Consultingpseconsulting.com/wp-content/uploads/2016/02/... · in online payments 50k+ merchant processing accounts $40bn transactions across payment processing,

Taking PaySafe from being a PSP using 20 other Acquirers

Going solo

Paysafe had been a PSP for 18 years in

Europe & North America with over 20

acquiring relationships.

Page 4: Becoming an Acquirer - PSE Consultingpseconsulting.com/wp-content/uploads/2016/02/... · in online payments 50k+ merchant processing accounts $40bn transactions across payment processing,

Required acquiring membership of the International Card Schemes

Too many hurdles

Gaining principle membership, what can

I say for anyone who is going through

this process!

Page 5: Becoming an Acquirer - PSE Consultingpseconsulting.com/wp-content/uploads/2016/02/... · in online payments 50k+ merchant processing accounts $40bn transactions across payment processing,

And a new architecture for connectivity & processing

In house processing capabilities, costs

versus ROI

Outsource processing model –

can be costly

Coming up with new ideas

Page 6: Becoming an Acquirer - PSE Consultingpseconsulting.com/wp-content/uploads/2016/02/... · in online payments 50k+ merchant processing accounts $40bn transactions across payment processing,

And a new operating model

Implementation of new operational

teams and processes to support

acquirer model based in Europe, should

be easy!

Presenting to the team

Page 7: Becoming an Acquirer - PSE Consultingpseconsulting.com/wp-content/uploads/2016/02/... · in online payments 50k+ merchant processing accounts $40bn transactions across payment processing,

To finally launching into the market and building volume

So low startup costs with a clear strategy

on how to build volume

Can the business support an initial volume

growth business versus revenue focused

business.

Going into the big wide world

Page 8: Becoming an Acquirer - PSE Consultingpseconsulting.com/wp-content/uploads/2016/02/... · in online payments 50k+ merchant processing accounts $40bn transactions across payment processing,

Lessons learned…

So many things….

We learnt a better way to do things

Page 9: Becoming an Acquirer - PSE Consultingpseconsulting.com/wp-content/uploads/2016/02/... · in online payments 50k+ merchant processing accounts $40bn transactions across payment processing,

Still on the path…

More to come….

We’ve still got work to do, but we’re going the right way