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What Is an ACH Payment Facilitator?

Stax

The great thing about an ACH PayFac solution like Stax Connect is that SaaS companies or ISVs can embed ACH payments in their software easily and own (also, white label) the payment experience. PayFacs typically partner with a payment processor or a bank to provide merchant services.

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Understanding Risk Management Strategies as a PayFac

Stax

Not only must PayFacs safeguard themselves and their clients against potential threats like fraud or cybersecurity breaches but also ensure PCI compliance , customer due diligence, and adherence to card regulations. They must also ensure that sub-merchants are compliant with the regulations set by card companies, e.g. PCI compliance.

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The 7 Best Mobile POS Systems for Small Businesses in 2024

Stax

Today, they’re known for their robust services, enhanced security, user-friendly interfaces, and the integration of advanced data analytics. Security and compliance standards Security is paramount in any POS system to protect sensitive customer information. They’re no longer just for SMBs.