Guest Post: Growing Your Revenue and Maintaining Strong Compliance

Ahead of our December 9 webinar with sponsor LegitScript, ETA’s Sarah Brown-Campello caught up with David Khalaf to hear what attendees can expect to learn about the compliance challenges you must address before entering the fast-growing industries. Register here to attend the Webinar: Eight Growing Industries to Increase Your Revenue.

BROWN-CAMPELLO
What is a “hot” industry that payment facilitators and ISOs should be looking at right now when you are trying to increase revenue?

KHALAF
Telemedicine. Even before the pandemic, telemedicine was one of the highest-funded investment categories across all industry sectors in 2019. The COVID-19 outbreak created immense urgency for global healthcare infrastructures to develop technologies to allow patients to connect with their doctors from remote locations. Up to this point, telemedicine providers have often operated as distinct entities, but since the pandemic, traditional healthcare providers are increasingly looking for ways to enter into telemedicine as well. The challenge is that telemedicine is regulated at the state and federal level in the United States, which can make it difficult for providers to navigate the various laws and licenses required to operate. This can result in both accidental and intentional violations regarding prescriptions and other medical care. In the webinar, we’ll cover some risk and compliance best practices for boarding and monitoring telemedicine merchants.

BROWN-CAMPELLO
What are some important considerations to think of when dealing with high-risk industries or merchants?

KHALAF
A lot of high-risk, high-growth industries are not only highly regulated but also complex and difficult to understand. What’s even more challenging is that there may be frequent regulatory changes or updated card brand rules that you’ve got to keep on top of as well. But there are some key ways you can mitigate your risk, including staying up to date on the latest regulations and partnering with a good merchant monitoring service provider to flag risk and compliance issues as they arise.

BROWN-CAMPELLO
What will I be able to take away from this webinar if I attend?

KHALAF
If you attend this webinar, you’ll learn about eight high-growth industries that come with risk and compliance complexities. You’ll learn the key considerations when evaluating each of those industries from a risk and compliance perspective and how you can use sound compliance practices to enter attractive new markets.

Click here to sign up for our LegitScript sponsored webinar on Eight Growing Industries to Increase Your Revenue on Wednesday, December 9.