Episode 23 | How payment relationship models have evolved and what it means for software companies

PayFAQ: The Embedded Payments Podcast

Embedded Payments have come a long way since the mid 2000s, but we’re still in the early innings. More exciting is what’s ahead and the fantastic opportunities that await software companies who focus on driving profitability as well as customer satisfaction. Those who do have the potential to become a category leader, according to Matt Downs, Worldpay for Platforms President.

Matt recently sat down with Bob Butler, host of Payrix’s PayFAQ Embedded Payments podcast, to dig into the evolution of Embedded Payments and what the future holds. Matt’s an all-star on the subject. He just celebrated his 23rd anniversary in the payments and software space and is one of the core founders of the integrated payments model as well as a key player in authoring the PayFac® model.

From the days when integrated payments simply meant a payment application between a software company and a payment processor, Matt’s been at the forefront and thinks the time is right for software companies to look at embedding payments so they can be well positioned when capital frees up after the down cycle we’re in now.

Key to that decision is finding the right partner that will go to bat for you in the long term. “Who you choose to do business with, and how you do it, is a big part of whether or not someone will be successful.”

Tune in now to learn more from Matt and how software companies can hit it out of the park with Embedded Payments.