At Wellfit, we’re transforming healthcare payments through financial technology. Our platform enables patient financing, provider billing, and pay-by-card transactions across the care ecosystem. We operate as a Payment Facilitator (PayFac) and manage end-to-end processing, underwriting, disbursement, and settlement operations. We’re seeking a Product Owner with deep PayFac and card processing experience to drive the next generation of our payments infrastructure.
About the Role: As the Product Owner for Payments Infrastructure, you’ll own the delivery and evolution of systems powering our payment transaction routing and settlement infrastructure, payment orchestration and authorization flows, gateway and processor integrations, and reconciliation workflows. You’ll partner closely with Product Managers, Engineering, and Architecture to build scalable, compliant, and high-performing transaction systems. This role requires a technical product mindset—understanding how funds actually move through the rails, how sub-merchants are boarded and funded, and how compliance, risk, and performance intersect at scale.
Key Responsibilities
• Own the core payments platform backlog, focusing on backend systems—authorization, capture, refund, batch settlement, disbursement, and ledger updates.
• Translate PayFac business requirements into technical Epics that define transaction logic, fund flow, and clearing/settlement behavior.
• Partner with Engineering and Architecture to design scalable APIs and microservices supporting merchant onboarding, payment processing, merchant and internal team reporting and monitoring, and sub-merchant settlements.
• Manage integrations with processors, acquiring banks, and card networks (e.g., Worldpay, Fiserv, TSYS, Elavon) including certification and compliance tracking.
• Support merchant lifecycle operations: KYC/KYB onboarding, underwriting, tokenization, dispute management, and funding.
• Lead coordination across ACH, card-present, and card-not-present transaction flows.
• Oversee gateway and acquiring configurations, surcharging and convenience fee logic, and network tokenization.
• Collaborate with Finance on reconciliation, settlement balancing, and chargeback automation.
• Ensure all services maintain PCI DSS and network compliance while supporting operational scalability.
Qualifications:
• Bachelor’s degree in Computer Science, Information Systems, or related technical field.
• 3–5+ years as a Product Owner, Technical Analyst, or Product Manager in card processing, PayFac, or payment gateway environments.
• In-depth understanding of fund flows, merchant acquiring, and payment lifecycle events (auth, capture, refund, clearing, and settlement).
• Familiar with financial messaging standards such as ISO8583, ISO20022, NACHA, and REST-based payment APIs.
• Experience managing processor integrations, sub-merchant funding models, and chargeback/dispute processes.
• Knowledge of tokenization, 3DS, EMV, and PCI DSS standards.
• Experience with tools like Jira, Confluence, Splunk, SQL, and API documentation platforms.
• Excellent communication and stakeholder management skills—able to bridge business logic with technical execution.
Preferred Experience"
• Prior work with registered PayFacs or acquiring platforms (Worldpay, Adyen, Stripe, Marqeta, etc.).
• Exposure to ledgering, funding orchestration, or bank settlement reconciliation.
• Understanding of merchant risk management and underwriting workflows.
• Experience with SDK development, token vaults, or network certifications.
Company Benefits:
• Hybrid work model – 3 days onsite / 2 remote
• Medical, Dental, and Vision coverage
• Unlimited PTO (with a culture that encourages use)
• 401(k) match up to 4%