Payrix

FEBRUARY 4, 2025

Payment facilitator (PayFac) A merchant registered by an acquirer to facilitate transactions on behalf of sub-merchants. They provide the infrastructure necessary for their merchants to accept credit card payments. Point-of-interaction (POI) A hardware and/or software component in point-of-sale equipment (e.g.,

Payment Services 147

Payment Services Merchant Services Payment Solutions Payment Methods 147

Payrix

FEBRUARY 4, 2025

Payment facilitator (PayFac) A merchant registered by an acquirer to facilitate transactions on behalf of sub-merchants. They provide the infrastructure necessary for their merchants to accept credit card payments. Point-of-interaction (POI) A hardware and/or software component in point-of-sale equipment (e.g.,

Payment Services 100

Payment Services Merchant Services Payment Solutions Payment Methods 100

Stax

JULY 16, 2024

According to a report by the Federal Reserve Bank of San Francisco , credit card usage among Americans has been steadily increasing since 2016. In 2022, 31% of all payments were made using credit cards. This shows that businesses cannot ignore accepting credit card payments.

Payment Services 88

Payment Services Merchant Services Payment Methods compliance 88