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

USIO

Integrated Payments: Integrated payments refer to the seamless incorporation of payment processing capabilities within existing software or systems. This service takes care of the complexities involved in underwriting, risk management, and compliance, allowing businesses to focus on their core operations.

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

Payrix

From there, once your merchants are ready to set up payments for their business, you refer them directly to the pa yment process or and receive a referral fee. When false merchants onboard onto your platform, they can hit you pretty hard and fast, and the financial damage can add up quickly.

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

Stax

Onboard Customers: Once set up, customers can choose their subscription plan, provide payment information, and authorize the business to charge their payment method at the specified billing interval. This may come with the billing software platform , or a gateway provider may need to be sought separately.

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

Stax

For best practices, integrate it with your other systems, offer flexible plans for optimized cash flow, and ensure data security compliance to industry standards. Customizable onboarding When offering payment processing services, you want to make it easy as possible for your customers to begin accepting payments. Churn Rate.

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Customer Advocacy: How to Get Your Customers and Customer Success Team Invested

ChurnZero

Today’s companies need to have exceptional reviews, references, and referrals if they want to compete and grow. You may be able to snag a few reviews here and sign up a few references there without much of a dedicated effort. How to Get Your CSMs Onboard with Your Organization’s Customer Advocacy Initiatives.