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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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How to Find the Best SaaS Billing Platform: A Complete Guide

Stax

In a saturated market, how do they distinguish themselves? In this guide, we’re going to cover what companies need to consider when choosing a SaaS billing platform—and how Stax Connect makes this process simple. However, only 10% of them currently employ these models. How do they keep customers returning for more? Real-time insights.

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Mobile Credit Card Processing Explained: What Business Owners Need to Know

Stax

TLDR Mobile credit card processing first hit the market 15 years ago and in that time it has risen to become one of the most popular methods for processing in-person payments, both with businesses and consumers. Food Trucks and Street Vendors Picture the bustling streets of a food festival or the local farmer’s market.

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

Stax

Physical and eCommerce product subscription businesses are expected to make up 45% of the market’s value. Mobile apps make up 53%, and the SaaS market is worth $152 billion. TL;DR Recurring billing is a powerful solution to streamline processes and enhance revenue generation and customer engagement.

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Ultimate Guide to Surcharges: What is a Surcharge and How Does It Work

Stax

Cost recovery, industry standards, regulatory compliance, and consumer sensitivity are key factors to consider when calculating surcharges. Companies, particularly those in the healthcare, transportation, and food industries, levy surcharges to meet these compliance standards. Regulatory Compliance. Minimum usage surcharge.

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CFO Tools You Should be Using in 2022

SaaSOptics

Is your company taking advantage of CFO tools like automated invoicing, database management, and automatic tax-compliance updates? Stax prides itself on being more than just an invoicing platform. Sales Tax and Compliance Tools. If not, read on. Finance and Billing Tools.

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

Stax

By leveraging online terminals, merchants can enhance their operational efficiency, expand their market reach, and provide an enriched customer experience. Secure Transactions: Online terminals incorporate security protocols like SSL encryption, tokenization, and Payment Card Industry Data Security Standards (PCI DSS) compliance.