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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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Using Generative AI to Drive Corporate Impact

TechEmpower SaaS

Other Notable Functions Generative AI is poised to revolutionize supply chain management by enhancing demand forecasting, enabling businesses to anticipate market changes and adjust inventory accordingly. It can also optimize logistics through route and delivery scheduling, leading to reduced operational costs and improved delivery times.

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Understanding Risk Management Strategies as a PayFac

Stax

Not only must PayFacs safeguard themselves and their clients against potential threats like fraud or cybersecurity breaches but also ensure PCI compliance , customer due diligence, and adherence to card regulations. They must also ensure that sub-merchants are compliant with the regulations set by card companies, e.g. PCI compliance.

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January Product Update: PSD2 Compliance, Live Quotes for Sales, and Faster Onboarding

FastSpring

Some of the updates to our platform include faster seller onboarding, support for more languages, and a play-by-play rundown of how we’ve made PSD2 compliance effortless for our sellers. Made PSD2 Compliance Easy for Global Sellers. Enhanced Our Platform for FastSpring Seller Onboarding.

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Smooth sailing: Simplifying mergers with automated onboarding

BetterCloud

The IT and HR teams tasked with managing an M&A shoulder the immense responsibility of seamlessly integrating two distinct companies, often operating in different parts of the world, sometimes requiring immediate action. This can lead to oversights or errors that surface during costly compliance audits.

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Payment facilitation and risk management: What do vertical software companies need to know?

Payrix

This approach creates a seamless experience for your customers and allows you to offload the risk, compliance, and operational costs to your payment facilitation partner, while still reaping the many advantages of Embedded Payments. Plus, a team of dedicated payments experts will be at your disposal to ensure success.

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Integrated Payments vs. Payfac-as-a-Service: What Developers Need to Know

USIO

This integration eliminates the need for separate payment gateways and allows businesses to manage transactions seamlessly within their existing infrastructure. Advantages of Integrated Payments: Efficiency: Integrated payments reduce the complexity of managing multiple systems, providing a more efficient and streamlined payment process.