The merchant acquiring model has undergone many changes since the introduction of the first general-purpose credit card in 1958. Back then, acquiring banks were responsible...
Payment facilitation is among the most vital components of monetizing customer relationships — and the role of PayFacs is often misunderstood. In an interview with...
Merchants have traditionally viewed payments as a utility. As Dustin Young, senior vice president of acquirer solutions at Cybersource, told PYMNTS CEO Karen Webster, that...
For software companies, the quickest route to top-line and margin torque might be to offer payments to their merchant customers — onboarding those merchants and...
It’s been said that the holy grail of commerce is data. Even that holy grail has a holy grail — where data is accessible and...
Payments solution firm Paya said Thursday (November 1) that it has acquired Stewardship Technology, an Ohio-based PayFAC focused on nonprofits, faith-based organizations and educational enterprises....
The road to becoming a payments facilitator, according to WePay founder Rich Aberman - is long, expensive and technologically complex. For some ISOs and ISVs,...
With changes happening all around us every day, the highly adaptive and evolutionary tendencies of technology in the closing years of the 2010s sometimes mean...
So, you want to be a PayFac? As a software platform, you’ve decided that instead of referring merchants to a third-party provider to process payments,...