In this episode, Basis Theory Co-Founder and CEO Colin Luce joins Rainforest Founder and CEO Joshua Silver for a deep dive on payments orchestration, tokenization, and vaulting.
They discussed:
- The number one reason to invest in payment orchestration (hint: it's not least-cost routing)
- How software companies can protect their merchant onboarding data and get more control over their payment processing
- The sneaky retention tactic some legacy payment providers still use -- and how data vaulting can help software platforms break free
- Why the promise of "use network tokens and save 10 bps" has yet to be realized
- Exactly what is Payments 3.0, and the capability it is unlocking for software platform