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Physical wallets are phasing out, left behind in favor of digital wallets and other digital payment options. There’s no question that cashless payment systems and digital payment adoption have accelerated over the last few years. In 2019, 77% of US consumers were using at least one type of digital payment system.
The writing on the wall is clear—businesses need to start accepting digital payments and software providers need to start offering payment services one way or another. In this article, we’ll break down two popular terms used in the payment processing industry—ISV and PayFac —and see what they exactly mean.
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In this article, we’ll explore the many benefits of SaaS and how to implement SaaS payments. Because of their many benefits, businesses have realized the need for implementing SaaS payments as well. What’s more, users don’t need to bear the cost of maintaining or updating the software. tokenization, encryption).
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