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Understanding Risk Management Strategies as a PayFac

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This article will help your business’s stakeholders understand the various risk factors to watch out for as well as the different types of risk management strategies to employ. PayFacs must therefore keep track of dubious/ high-risk merchants and immediately terminate the contracts of those engaged in any illegal activity.

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How to Maintain Anti-Money Laundering Compliance as a PayFac

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In this article, we’ll discuss everything you need to know about ensuring AML compliance as a payment facilitator (or PayFac). Engaging with AML experts and consultants AML is an ever-evolving field. To stay updated with all the latest developments in the field, engaging with AML experts and consultants can be extremely helpful.

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Recurring Billing: Definition, How it Works, and Best Practices

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In this article, we’ll unpack the complexities of recurring billing for businesses operating or transitioning to a recurring billing payment option. TL;DR Recurring billing is a powerful solution to streamline processes and enhance revenue generation and customer engagement. 98% of consumers have a streaming service subscription.

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What is an Online Terminal and Why Do Merchants Need One?

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This article covers the what, why, and how of online terminals; all a business owner needs to know to dive in and thrive. If you need a customized integration, you may have to collaborate with the provider’s technical support team or engage a professional developer. TL;DR Virtual terminals power various types of transactions.