Remove AI Remove Stax Remove Technical Review
article thumbnail

How ISV Partnerships and Integrations Can Drive Business Growth

Stax

As anISV, Stax works with a number of software partners to give sub-merchants total control over how they operate their businesses. AI-driven analytics for better decision-making. Companies that adopt ISV solutions see higher customer retention and satisfaction due to smoother interactions and more personalized service.

article thumbnail

The Ultimate Guide to Software Customer Churn

Stax

Even if you believe your technology is easy to set up and use, it may not be for the average person. Your software has bugs Product bugs and software issues are bound to happen when youre using any kind of technology platform. Contact sales 2. Bad software user experience User experience is everything when it comes to SaaS platforms.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Merchant Underwriting: What It Is, How It Works, and Why It’s Important

Stax

Key steps include application review, risk assessment, credit checks, and compliance verification. This process involves reviewing the businesss structure, financial health, industry type, and compliance with regulations. Keep in mind: Modern underwriting increasingly leverages technology to streamline processes and improve accuracy.

article thumbnail

How are Interchange Fees Calculated?

Stax

Card networks must maintain them properly and pay for fraud prevention tech (data encryption, tokenization, real-time tracking, etc.). To improve the payment experience for consumers, card networks must innovate and incorporate the latest technologies. Swipe fees fund these initiatives and cover the maintenance costs. per transaction.

article thumbnail

The Ultimate Guide to Ecommerce Payment Solutions

Stax

Payment processor – Handles the technical aspects of the payment. Integration capabilities Since you probably have other tools in your tech stack, you dont want to keep switching tabs or windows to reconcile invoices or transfer data. On top of that, regularly review your systems transaction logs and reconcile transactions.

article thumbnail

Understanding Risk Management Strategies as a PayFac

Stax

Thorough due diligence, technology, and adherence to regulatory guidelines are essential in a PayFac’s risk management strategy. You need thorough due diligence, technology, and adherence to regulatory guidelines in your risk management strategy. The due diligence doesn’t stop at onboarding.

article thumbnail

Know Your Customer (KYC): What It Is and How to Comply

Stax

KYC’s three main components are the customer identification program (CIP), which was imposed by the USA Patriot Act in 2011; customer due diligence (CDD); and regular monitoring of the customer’s account and activities, which is also called enhanced due diligence (EDD). In the U.S.,