Merchant Onboarding Vendor Evaluation Checklist

Payments organizations are under pressure to change their traditional processes for at least two reasons: margins are increasingly small due to a commoditized industry, and Payment Service Providers (PSP) such as Square, PayPal and Intuit have disrupted the business model (McKinsey, Innovation and Disruption in U.S. Merchant Payments). Competitive pressures and shifting regulations have elevated…