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

USIO

Two prominent solutions that have emerged in recent years are integrated payments and Payfac-as-a-Service. Integrated Payments: Integrated payments refer to the seamless incorporation of payment processing capabilities within existing software or systems.

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Payment processor: Definition, types, and examples

Payrix

Many technologies and services are involved from POS terminals to card networks to payment gateways so its essential that the payment processor can work closely with them to help authorize and settle every transaction as securely, efficiently, and quickly as possible and stay in compliance with regulations and industry standards.

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Embedded Payments explained: Everything software companies need to know

Payrix

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. This experience allows software companies to monetize payments without taking on the risk and compliance that comes with payment processing.

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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. We will explore the risk s in more detail in the next section. What is PayFac-as-a-Service? In between referral partnership and PayFac is PayFac-as-a-Service.

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Payment processor: Definition, types, and examples

Payrix

Many technologies and services are involved from POS terminals to card networks to payment gateways so its essential that the payment processor can work closely with them to help authorize and settle every transaction as securely, efficiently, and quickly as possible and stay in compliance with regulations and industry standards.

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Master merchant: Definition, types, and examples

Payrix

A master merchant, often referred to as a payment facilitator or merchant aggregator, is a third-party agent that acts as the link between acquirers and online merchants. The master merchantis the primary account holder for a payment processing system, overseeing and managing multiple subordinate accounts, often referred to as sub-merchants.

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Glossary: 117 software-led payments terms to know

Payrix

Quality Security Assessor (QSA) Designation for entities that meet specific security education requirements, have taken the appropriate training from the PCI Security Standards Council, are employees of a PCI-approved security and auditing firm, and will be performing PCI compliance assessments as they relate to the protection of payment card data.