Stax

JANUARY 22, 2024

TL;DR Payment gateways and PayFacs are both players in the digital payment process with similar goals in mind: secure and low-risk payments while providing seamless, fast, and positive customer experiences. A PayFac, by contrast, handles the bank’s interaction with a number of merchants. What is a Payment Facilitator (or PayFac)?

Payment Services 88

Payment Services SaaS Payments Merchant Services Payment Facilitation 88

USIO

MAY 13, 2024

Simply a business will send a customer a designated QR code through the mail made by Usio and a customer will use their mobile device to scan and it will take them right to the branded payment section eliminating any use of having the customer to navigate a confusing website.

Payment Methods 263

Payment Methods Payment Services Payments Payment Solutions 263

Stax

DECEMBER 20, 2023

This is where merchant underwriting comes in—merchant account underwriters check if new merchants meet the guidelines set by the bank and card brands. This is where merchant underwriting comes in—merchant account underwriters check if new merchants meet the guidelines set by the bank and card brands.

Merchant Services 88

Merchant Services Payment Services SaaS Payments Payments 88

Stax

MAY 6, 2024

Garrek says it best: “PCI compliance is a series of requirements put forth by the card brands that every merchant who wants to accept credit cards has to adhere to. The importance of PCI compliance PCI DSS applies to any organization—small businesses, payment processors, payment gateways, ISOs, PayFacs, and more.

Payment Services 88

Payment Services Merchant Services compliance SaaS Payments 88

Stax

FEBRUARY 15, 2024

FIS Global reports that in Norway, Sweden, and other Scandinavian countries, more than 90% of transactions processed at point-of-sale (POS) in 2023 were cashless. In this article, we’ll break down two popular terms used in the payment processing industry—ISV and PayFac —and see what they exactly mean.

Payment Services 88

Payment Services Merchant Services SaaS Payments Payment Methods 88

Payrix

MARCH 20, 2024

Referral partnerships Often referred to as Integrated Payments , this model connects the payment processing with point-of-sale (POS) system software that can sync with other business-critical systems. Embedded vs. integrated payments: What’s the difference between referral partnerships, PayFac, and PayFac-as-a-Service?

Payments 147

Payments Embedded Payments Payment Services Payment Solutions 147

Stax

JANUARY 17, 2024

TL;DR A payment facilitator (PayFac) is essentially a SaaS vendor or software provider that enables its users (businesses) to accept online payments from their customers through the platform itself. An ACH payment facilitator, therefore, is simply a PayFac that allows users to accept payments through an electronic bank-to-bank network.

Payment Services 88

Payment Services SaaS Payments Merchant Services Payment Facilitation 88