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Understanding Risk Management Strategies as a PayFac

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Reputational risks Risks associated with things like data breaches, poor customer service, company controversies, etc. PayFacs must therefore keep track of dubious/ high-risk merchants and immediately terminate the contracts of those engaged in any illegal activity. Fraud detection and prevention.

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The 7 Best Mobile POS Systems for Small Businesses in 2024

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Today, they’re known for their robust services, enhanced security, user-friendly interfaces, and the integration of advanced data analytics. Customer Relationship Management (CRM) features CRM functionalities help businesses to better understand and engage with customers. They’re no longer just for SMBs.

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Vertical SaaS vs Horizontal SaaS: 8 Differences and Similarities

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Software as a Service (SaaS) has made business software more accessible by offering cloud-based, on-demand access to a range of solutions, from project management and collaboration to sales and marketing. Users will pay a recurring monthly or annual fee to access a specific set of services.