The Payments Lab
A wiSource Research Section
A Leading Innovator in Payment Technology
The Payments Lab, a working group within the wiSource Think Tank, is dedicated to researching and developing advanced payment technologies to revolutionize the payment process in multiple sectors. In addition to payment technology, we also have unique expertise in creating enterprise software for finance, accounting, and compliance regulation.
Through extensive collaboration and iteration, we have successfully brought several innovative payment technologies to market, which have been widely adopted by businesses across the country. These solutions have proven to be valuable assets for our clients, helping them streamline their financial processes and remain competitive in a rapidly changing business environment. We are proud of the impact our work has had and are committed to continuing to push the boundaries of what is possible in the field of payments.
The Payments Lab team has a long tradition of working with industry pioneers to create innovative solutions that address the changing requirements of the market. As a result of our Team’s dedication, the Payment Lab has earned a reputation as a leading voice in payment technology and continues to push the boundaries of innovation in this field.
The Industry’s Leading Credit Card Surcharging Platform
Co-developers of the industry’s leading platform for credit card surcharging. We were the first to introduce this solution to the market and have continued to lead the way with cutting-edge technology and a commitment to compliance.
Our platform is trusted by some of the largest private equity companies in the country, as well as public and private enterprise companies, and is currently processing over 4 billion dollars of surcharge-enabled transactions annually. Designed with the technical requirements of enterprise companies in mind, our platform is scalable and efficient, making it a top choice for businesses looking to implement a surcharging solution.
In addition to being a reliable and compliant solution, our platform is user-friendly and easy to use, and our team of experts is always available to assist with any questions or issues. As the co-developers of the industry’s leading platform, we are proud to be at the forefront of innovation and to provide top-notch customer service and support to our clients.
Payments Research & Product Design
A division of wiSource Innovation Think Tank For Leading Executives. Our group helps mid-size and large privately and publicly held companies extract the most value from their payment ecosystem. We save our clients time and valuable resources, effectively reducing their operational costs and increasing their top line revenue, by providing specialized access to industry experts in the payments arena. We work with the largest payment issuers and acquirers in helping companies to optimize their payment process by applying the latest innovative research in the payments industry.
The Payments Lab at the wiSource Think Tank brings together the industry’s top service providers and subject matter experts. Together we discuss new trends in payments and how they will affect companies in the immediate future. We also come together and create an elite consultancy for member companies’ benefit. Top executives from the largest payment issuers and acquirers help companies understand new trends and the best way to optimize their payment process. Our group helps mid-size and large privately and publicly held companies extract the most value from their payment ecosystems. We save our clients time and valuable resources, effectively reducing their operational costs and increasing their top-line revenue.
Membership and participation in this is by invitation only
The Payments Lab is restricted to industry veterans with documented accomplishments and tenured positions within their organization. Members are invited from academia, advisory groups, and top service providers. The lab also consists of several participating executive members who provide input and valuable insights.
Payments Lab Market Intelligence Analysis & Focus Areas
- Payments Strategy 2022 & Beyond
- Payments Infrastructure and Evolution
- Driving Efficiency and Time Savings in Payments
- Contactless and Wearables Payment Devices
- Cross Border Payments Using Blockchain
- Surcharging in The B2b Payments Environment
- Instant ACH Payments & Migration Strategies
- End to End Accounts Payables including OCR
- End to End Accounts Receivables & Full Integrations
- Integration Technology and Streamline Payments
- Payment Ecosystems
- Batch Processing Evolution into Instant Processing
- Data Privacy Compliance
- Authentication Models – Simpler and Stronger Methods
- Integrated Payables
Trucking Industry Surcharging Adoption
The U.S. trucking industry provides vital services to power the commerce of the country. It operates on thin margins and frequently cash-flow constrained by its receivables. Implementing expanded payment options that include credit card payments improve choices for their customers, while enhancing cash flow, but it comes at a cost in the form of processing fees. By adopting surcharging, enterprises can eliminate the processing fees and the margin reduction that comes with it, while still gaining the benefits of expanded payment options and choice for their customers. Most customer gladly use payment cards because of the upstream benefits to their own cash flow and liquidity. This makes surcharging a win for both the industry and their customers.
SaaS & Cloud-based Business Surcharging
Cloud-based and subscription SaaS business do most of their billing using credit or payment card platforms. In a time of tightening margins reducing operating costs can be critical to these businesses. Adopting fully compliant surcharging offers a fast and effective solution of processing fee cost elimination for credit card payment. Customer benefit from an expanded set of payment choices that can be provided, which the business benefits from the elimination of credit card processing fees. This approach has been fully embraced by SaaS, Cloud, and major hosting companies.