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Understanding Risk Management Strategies as a PayFac

Stax

This allows you to bring the payment experience in-house, keep it on-brand, gain customer trust, and provide a seamless checkout experience to end users. Reputational risks Risks associated with things like data breaches, poor customer service, company controversies, etc. Most PayFacs have technology in place to prevent these breaches.

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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. Key features Diverse payment options are accepted Full suite of POS features Customizable interface Extensive app marketplace Detailed reporting and analytics Features for managing employees.

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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.