Payments Go From Mono to Modular: Why North Says ISVs Are the Big Winners
Summary
For decades, payments infrastructure was largely controlled by major financial institutions and legacy processors, with limited flexibility for customization. From embedded checkout experiences to subscription billing and marketplace payouts, APIs allow ISVs to innovate without having to build core payment functionalities from scratch. “But for the most part, they don’t want to be in charge of underwriting merchants or managing chargebacks and fraud.” North bridges this gap by offering tools and infrastructure to help ISVs integrate payments while offloading regulatory and risk burdens. This shift forces traditional providers to rethink their strategies, embracing open APIs and flexible partnerships to stay relevant. “A QuickBooks integration is a must-have for SMBs,” he said, adding loyalty programs, reputation management tools and customer engagement solutions also rank high on the list of desirable features.