Remove compliance Remove Finance Remove Payfac
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Master merchant: Definition, types, and examples

Payrix

The master merchant establishes a relationship with a payment processor or acquiring bank and is responsible for ensuring compliance with payment regulations, handling transaction processing, and managing risks associated with payments on behalf of the sub-merchants. 3 things you should know about a master merchant 1.

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Integrated software vendor: Definition, types, and examples

Payrix

When a software company becomes an ISV, because theyve introduced payments into their environment, they must uphold the compliance requirements of the PCI DSS and empower their users to do the same. Learn more about PCI compliance management. On the other end of the spectrum is payment facilitation (PayFac).

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Payment processor: Definition, types, and examples

Payrix

With the rise of Embedded Payments, payment processors have a new role as a powerful sales tool for software companies that strive to become the everything platform empowering them with essential digital finance tools to manage and grow their business as well as generate new revenue streams. Learn more about Embedded Finance.

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Payment Facilitator: Definition, FAQ, and examples

Payrix

A payment facilitator (or PayFac) is a software platforms all-in-one payment processing solution. Instead of your customers needing to create their own merchant account to process payments, you as the PayFac developer handle all the payments setup and complexity for them. Handle sub-merchant compliance with card network rules.

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Thanks to Capchase, Intellum, Pilot, SafeBase, and Tilled for Sponsoring SaaStr Annual 2022!

SaaStr

Capchase is your founder-friendly financing solution. Our suite of financial tools makes it easy to turn recurring revenue into flexible growth financing. Share security advisories, compliance updates, and more in various channels using Trust Center Updates. Welcome to Payfac-as-a-service. appeared first on SaaStr.

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Integrated payments: Definition, types, and examples

Payrix

Learn more about Embedded Finance. Security, risk, and compliance: Security is crucial dont leave it to chance 7. Integrating payments is the first step for software platforms wanting to integrate financial services. Payments can act as a launchpad for embedding a variety of other financial solutions such as lending.

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How to Maintain Anti-Money Laundering Compliance as a PayFac

Stax

The US, therefore, requires financial institutions as well as financial services firms to have anti-money laundering (or AML) compliance programs in place. In this article, we’ll discuss everything you need to know about ensuring AML compliance as a payment facilitator (or PayFac). Non-compliance can have major implications.