Remove Artificial Intelligence Remove compliance Remove PayFac as a Service
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PayFac as a Service: What Is It and How to Offer It

Natalia Luneva

The number of Payment Facilitators (PayFacs) has grown 13.8% This shows how fast this model is growing. PayFac as a Service lets companies add payment processing to their platforms. Traditional payment models make businesses rely on third-party providers. each year since 2018.

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How to prepare your software users for merchant underwriting

Payrix

However, for our Payrix partners, we use innovative technology, machine-learning, and automation to streamline the underwriting process, alleviating the pains traditionally associated with the merchant boarding experience. But it doesn’t have to continue like this. Looking for more information on Embedded Payments?

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Software-led payments predictions: A look back on 2024 and insights for 2025

Payrix

It will be important for software companies to look for software payments partners who can implement effective fraud monitoring and security technology, protocols, and ongoing support to ensure data is secure and ongoing PCI compliance is maintained. compliance to let this be your reminder to do so.