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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 acceptcreditcardpayments. Point-of-interaction (POI) A hardware and/or software component in point-of-sale equipment (e.g.,
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 acceptcreditcardpayments. Point-of-interaction (POI) A hardware and/or software component in point-of-sale equipment (e.g.,
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