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In Q3 of 2023, the total volume of payouts on ACH networks reached 7.8 The great thing about an ACH PayFac solution like Stax Connect is that SaaS companies or ISVs can embed ACH payments in their software easily and own (also, white label) the payment experience. This is pretty much similar to the service that PayPal offers.
That’s the value of eCommerce transactions that took place in 2023 in the U.S. Consider the following: Merchants are the sellers, businesses, or service providers seeking payment for their offerings. A Payment Gateway is a service that authorizes and processes payments in online and offline transactions.
TL;DR Embedded finance integrates financial services into non-financial business processes, while embedded fintech integrates fintech solutions into the processes of an institution in the finance industry. Embedded Insurance Embedded insurance allows customers to purchase insurance for products or services at the point of sale.
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