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ISV vs PayFac: The Similarities and Differences Between Independent Software Vendors and Payment Facilitators

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FIS Global reports that in Norway, Sweden, and other Scandinavian countries, more than 90% of transactions processed at point-of-sale (POS) in 2023 were cashless. 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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The Best Recurring Payment Systems

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Finding the right recurring payment system to process recurring invoices for your subscription-based business isn't easy. Aside from there being a multitude of options in the market, SaaS and subscription businesses often have a diverse and complex set of items that they need their chosen platform to check-off the list.

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The Benefits of SaaS and Implementing SaaS Payments

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Research shows that the global software-as-a-service (SaaS) industry was valued at $248.76 As such, the advantages of SaaS offerings can’t be easily overlooked. SaaS business applications are web-based, which means that they are hosted on cloud infrastructure. tokenization, encryption). tokenization, encryption).

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What is an ISV Partner? Here’s Everything You Need to Know About Independent Software Vendors

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In the payments industry, choosing the right ISV partner is critical; look for robust APIs, hardware support, strong onboarding, and fair revenue-sharing models. What is an ISV (Independent Software Vendor)? Unlike in-house developers that build tools for internal use, ISVs create software intended for external customers.

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Ecommerce Terms You Need To Know To Manage Your Digital Business

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They also offer Fulfillment by Amazon, where they handle the fulfillment process for your business at extra cost. A set of subroutine definitions, protocols, and tools for building application software. An API may be used for a web-based system, operating system, computer hardware, or software library. Authorization. Cross-sell.

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What is Embedded Finance and Embedded Fintech?

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Airline credit cards, payment plans for costly items, and car rental insurance are forms of embedded finance that have been around for a while. Request Quote Understanding Embedded Finance Embedded finance is the seamless integration of financial services and digital banking into conventionally non-financial business services.

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100+ Essential Payment & Funds Disbursement Acronyms

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Ever sat through a payments meeting and wondered if you accidentally joined a secret society that only speaks in acronyms? Between PFaaS, NACHA, and VPA, the payments industry has more abbreviations than a teenagers group chat. You’re not alone. Some you’ll recognize. Some you’ll want to forget.