A financial institution is a licensed business that manages money — including banks, credit unions, and investment firms. In the payments space, financial institutions serve as issuers (who provide payment cards to customers) and acquirers (who provide merchant accounts to businesses). These institutions are regulated and must comply with anti-money laundering and fraud prevention policies.
AltoPay works with a network of acquirers (financial institutions) to match your business to one that fits your size, industry, and risk profile. Understanding how these partnerships affect your operations helps you plan for cash flow, compliance, and long-term growth.
For more than a decade, Jessica Velasco has been a thought leader in the payments industry. She aims to provide readers with valuable, easy-to-understand resources.
