To incorporate a card and/or ACH processing platform, there are numerous requirements to comply with certain regulatory and association-level rules.
For card processing alone, there are requirements to ensure legality with respect to merchants, which requires underwriting and risk management with the added responsibility of fiduciary liability.
A platform is needed to board merchants, such as Fiserv/First Data or TSYS, which then adds high costs with minimum volume thresholds. This is where we fit in, as a scalable payments platform that can be white labeled and offered to your resellers and clients.