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How to Maintain Anti-Money Laundering Compliance as a PayFac

Stax

The US, therefore, requires financial institutions as well as financial services firms to have anti-money laundering (or AML) compliance programs in place. In this article, we’ll discuss everything you need to know about ensuring AML compliance as a payment facilitator (or PayFac). Non-compliance can have major implications.

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Achieving Compliance with IGA and SMP Tools

BetterCloud

Compliance requires a successful audit that proves an enterprise complies with its security policy. So here, we discuss achieving compliance with IGA and SMP tools and how they help with compliance and audits. Audits are a part of compliance, regardless of the exact laws or standards an enterprise follows.

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ISV vs PayFac: The Similarities and Differences Between Independent Software Vendors and Payment Facilitators

Stax

In the ISO model, an ISV partners with a third party that handles merchant account setup, payment processing, risk, and compliance. In the ISO model, an ISV partners with a third party that handles merchant account setup, payment processing, risk, and compliance.

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The Total Economic Impact of BetterCloud, a Study Conducted by Forrester Consulting

BetterCloud

This post summarizes “The Total Economic Impact of BetterCloud, Cost Savings and Business Benefits Enabled by BetterCloud,” a commissioned study conducted by Forrester Consulting on behalf of BetterCloud published June 2020. Employee onboarding tasks reduced from 6 hours to less than 1 hour. Tackling the unique challenges of SaaS.

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ISVs vs SaaS: What’s the Difference?

Stax

Both may also incorporate compliance standards in their products. Compliance standards ISV and SaaS companies must adhere to compliance standards and regulations to operate ethically and responsibly. They can work with compliance experts or third-party consultants to achieve this.

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Best PEO Services

Neil Patel

Both you and your staff will have access to payroll, benefits, onboarding, time cards, compliance resources, and more—24/7/365. You’ll have the power to hire and retain top-level talent from anywhere, knowing that all of the location-specific compliance requirements are handled on your behalf. How does this work?

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What Is an ACH Payment Facilitator?

Stax

Most ACH PayFacs offer instant onboarding , making it quick and easy for merchants to start accepting payments. Provides compliance and security advantages ACH payments are one of the most secure payment options your customers can have. To learn how Stax Connect can help, contact the team for a consultation now!