Stax

NOVEMBER 27, 2023

KYC’s three main components are the customer identification program (CIP), which was imposed by the USA Patriot Act in 2011; customer due diligence (CDD); and regular monitoring of the customer’s account and activities, which is also called enhanced due diligence (EDD). In the U.S.,

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Merchant Services Payment Services Systems Review Technical Review 88

Stax

AUGUST 22, 2024

However, setting up and managing a payment system can be complex and overwhelming. Thorough due diligence, technology, and adherence to regulatory guidelines are essential in a PayFac’s risk management strategy. The due diligence doesn’t stop at onboarding.

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Merchant Services Payment Services Payfac SaaS Payments 88

Stax

APRIL 30, 2024

There are many processors out there that claim to save you money, and in this post we’ll take a look at two of them: Riverside Payments and Stax. The company has EMV enabled point of sale systems to accept digital wallet payments as well as cards. For POS systems, they have partnerships with Clover, Revel, Ovvi, or TouchBistro.

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Stax

AUGUST 26, 2024

To the incredible Stax community: allow us to take a moment to recognize a milestone that we are extraordinarily proud of—our 10th anniversary. Sprinkled throughout this article are quotes from some of Stax’s long-standing employees, because who better to tell the company’s story than the people who help make it happen?

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Stax

DECEMBER 4, 2023

Best practices for ensuring AML compliance as a PayFac include continuously updating your AML policies, utilizing advanced technologies for monitoring, periodic internal reviews and audits, and engaging with AML experts and consultants. Reviewing and continuously updating your AML policies is therefore necessary.

Merchant Services 88

Merchant Services Payment Services Payfac Technical Review 88

Stax

JUNE 9, 2024

Following this approach, most retail business owners try to find a Point-of-Sale (POS) system for retail businesses that can make their operations (especially in-store) more efficient, manageable, and cost-effective. TL;DR When shopping around for a modern POS system for retail businesses, you should consider a few critical requirements.

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Point of Sale Payment Solutions Payment Services Merchant Services 88

Stax

DECEMBER 20, 2023

To ensure the interchange fees you pay are reasonable and competitive, it’s essential to regularly review and negotiate your fee structure with your payment processor. Through OptBlue, your payment technology provider will determine how much you pay for AmEx and bundle it in with the ability to accept more popular card types.

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Stax

JANUARY 8, 2024

Not only must PayFacs safeguard themselves and their clients against potential threats like fraud or cybersecurity breaches but also ensure PCI compliance , customer due diligence, and adherence to card regulations. The potential impact of failed or inadequate internal systems, processes, procedures, etc.

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Merchant Services Payfac Payment Services SaaS Payments 88

Stax

APRIL 17, 2025

Partner programs typically include technical integration, co-selling opportunities, and revenue-sharing models. They often focus on vertical markets or specific use cases, whereas general software developers may work on a broader range of technical projects, including websites, custom apps, or internal tools. What is an ISV Partner?

Merchant Services 88

Merchant Services Payment Solutions Payment Services Payments 88

Stax

JULY 25, 2024

Years ago, point-of-sale (POS) systems were reserved for large enterprises with big budgets. Today, a small business is barely complete without a POS system. If you feel left out, the good news is that there’s a POS system out there ideal for your business. Thanks to the rise of SaaS platforms, that’s no longer the case.

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Stax

SEPTEMBER 17, 2024

When looking for a payment gateway, make sure it easily integrates with your payment processor, offers transparent pricing, allows you to white-label the payment experience, and has great customer reviews. It’s also the software in your POS system or card readers that processes the customer’s payment data in a brick-and-mortar setting.

Payment Services 88

Payment Services Payment Methods Merchant Services Payment Solutions 88

Stax

NOVEMBER 6, 2023

Thankfully, with mobile payments from Stax , you can quickly accept and process payments from your customers. Learn all about mobile payments and why you may want to consider joining the Stax family to streamline payments and boost your small business’ productivity. From there, everything runs as it would from the stationary system.

Merchant Services 88

Merchant Services Payment Methods Mobile Payments Payment Services 88

Stax

DECEMBER 27, 2023

This is especially common for high-risk accounts, as more vetting and due diligence are typically required. High-Risk Merchant Accounts Process payments for high-risk industries Online gambling, pharmaceuticals, insurance, subscription businesses Specialized approval process, secure transactions Higher fees, additional due diligence.

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Merchant Services Payment Methods Payment Services Payment Solutions 88

Stax

MARCH 15, 2024

Having and maintaining secure payment systems is integral for protecting yourself and your customers. Making sure there are secure payment technology policies and procedures within your company will guarantee the integrity of present and future transactions. Enter secure payment systems (SPS). What Are Secure Payment Systems?

Payment Services 88

Payment Services Merchant Services Payment Methods Payment Solutions 88

Stax

DECEMBER 20, 2023

The first step is to find a partner that can provide the right payment technologies and services to your customers. How a PayFac like Stax can help A business can choose to open a merchant account on their own but the process can be laborious and time-consuming. This system works very well for SaaS providers.

Merchant Services 88

Merchant Services Payment Services SaaS Payments Payments 88

Stax

MAY 16, 2024

More than 96% of hospitals use some form of EHR system to maintain records, which is good because it shows clear demand for the software. Understanding the market, providing advanced features, and collaborating with other ventures in the healthcare technology market help boost EHR software sales.

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Stax

MAY 30, 2024

Top Customer Review: “I’ve been using FreshBooks for about six months now, and I’m loving the freedom it gives me. G2Crowd ( Read the rest of the review ) GoSimpleBooks GoSimpleBooks allows you to concentrate on the larger aspects of your business so you don’t waste time focusing on time-consuming tasks. Highly recommend it.

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Stax

SEPTEMBER 17, 2024

That’s where Stax comes in. Do Not Use Vendor-Supplied Defaults for System Passwords and Other Security Parameters Default passwords and settings provided by vendors are often publicly known and can be easily exploited by attackers. So how can your business stay PCI compliant? Why Is PCI Compliance So Important?

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Stax

MAY 21, 2024

We’re seeing a similar trend in the legal industry, where law firms rely on case management systems to run their businesses. With management systems’ continual growth and improvement, it’s no wonder software sales are at an all-time high. If you’re selling law practice management systems to law firms, you’re definitely not alone.

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Payment Solutions Payment Services Payments Software Review 88

Stax

APRIL 18, 2024

Some well-known examples are Adobe, a design and creator platform, Autodesk, a leading construction management system; and Meditech, a healthcare information systems solution. Examples of popular SaaS apps include Shopify, an eCommerce platform, Dropbox, a cloud storage service, and Stax Bill, an automated payment processing system.

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Outsourcing Services SaaS Payments Payment Services Payment Methods 88

Stax

MARCH 18, 2025

To keep the system of securing financial information and cardholder information safe, a multi-pronged approach to payment processing data security is imperative. If your SaaS business is facilitating payment collection from within your platform, this article is worth a read to understand and secure your system.

Payment Services 88

Payment Services Payment Methods SaaS Payments Merchant Services 88

Stax

NOVEMBER 13, 2023

Since the first plastic credit card was issued by American Express in 1959 , payment tech progress has been growing exponentially. EMV chip card technology had a good two decades or so, beginning in the mid-’90s. NFC technology is in the midst of an evolution. Contactless payments became a must-have during COVID.

Merchant Services 88

Merchant Services Payment Methods Payment Services Payment Solutions 88

Stax

NOVEMBER 6, 2023

Customers can pay with their watch or phone just by tapping it on a card reader, and businesses can host an entire POS system on a mobile phone. Thanks to the advancements in payment technology, the answers are not difficult to find. Why Is Adding Mobile Payments Important to Businesses Today?

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Payment Methods Payment Services Mobile Payments Merchant Services 88

Stax

FEBRUARY 28, 2024

In this guide, we’re going to cover what companies need to consider when choosing a SaaS billing platform—and how Stax Connect makes this process simple. This includes subscription management, revenue recognition, dunning management, integrations with other business systems, fraud prevention, and more. Adaptive pricing strategies.

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Payments SaaS Payments Payment Services Merchant Services 88

Stax

SEPTEMBER 12, 2024

Mobile credit card terminals: These are smaller, more portable POS systems that connect to a smartphone or a tablet via Bluetooth, and are best used for businesses with no fixed locations, like food trucks. What do reviews on 3rd-party sites have to say about this? Stax has options, no matter what you need.

Payment Services 88

Payment Services Payment Methods Merchant Services Payment Solutions 88

Stax

JANUARY 5, 2024

Level Up Your Terminal with Stax Card Readers What is a Credit Card Terminal? Integrated payment systems These are terminals that integrate with the POS systems (point-of-sale), combining payment processing capabilities directly into the business’s existing software, acting as an all-in-one system.

Payment Methods 88

Payment Methods Payment Services Merchant Services Payment Solutions 88

Stax

JUNE 4, 2024

This decision impacts everything from compatibility with existing systems to security features and customer support. TL;DR A payment processor is one of the most important components of your tech stack. User experience and interface The platform should be easy to set up and you shouldn’t need technical skills to get it up and running.

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Stax

DECEMBER 6, 2024

By leveraging cutting-edge technology and a deep understanding of the payments landscape, they ensure that clients can navigate the complexities of global payments with ease. Stax and Worldpay: A Powerful Partnership Stax is one of the largest Independent Sales Organizations (ISOs) partnered with Worldpay.

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FastSpring

DECEMBER 7, 2022

In this guide, we present eight alternatives to Chargebee that help relieve some of these burdens for users, starting with an in-depth review of our solution, FastSpring. Finally, some subscription management tools require a lot of technical skills to set up and use. Billing system analytics and metrics. Zoho Subscriptions.

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Stax

JANUARY 17, 2024

Automated Clearing House (ACH) payments are a type of electronic bank-to-bank payment system in the US. ACH transactions are one of the fastest-growing modes of electronic payments in the world due to the convenience they offer, low processing costs, and enhanced security.

Payment Services 88

Payment Services SaaS Payments Merchant Services Payment Facilitation 88

Stax

DECEMBER 20, 2023

Other factors you should take into account are integration with existing systems, security and fraud protection, customer support, and ease of use. Stax, for example, charges 0% markups on top of interchange, giving you the lowest percentage per transaction rate.

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Payment Services Merchant Services Payment Methods Payment Features 88

Stax

SEPTEMBER 19, 2024

Metrics like churn rate, average order entry time, RFP win rate, % of orders delivered in time & in full, revenue, MOM profit margins, and more will help you develop a clear picture of how well your new QTC system is performing. Risk of errors due to complexity. Billing and invoicing software (e.g.,

Payment Services 88

Payment Services Payment Solutions Payments Payment Features 88

Stax

FEBRUARY 26, 2024

And while solutions like POS systems are perfect for in-person payments, what about when you need to offer remote billing or refunds, or if you need to process a customer’s credit card over the phone? A contactless virtual terminal can also serve as a backup to your point of sale (POS) system.

Payment Methods 88

Payment Methods Payment Services Merchant Services Payment Solutions 88

Stax

MARCH 12, 2024

Customer payment behaviors How quickly or slowly your customers make payments has a direct impact on DSO, as timely payments by the due date keep DSO low. When interest rates are high, companies may have a less liquidity due to paying bigger loans or having difficulty securing lending, which has a knock-on effect on vendors.

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Stax

FEBRUARY 26, 2024

Handling payment failures and retries Payment failures are an inevitable aspect of any payment system. Recurring payment systems are designed to handle such situations by employing automated retries, so you don’t have to spend as much time on the dunning process.

Payment Services 88

Payment Services Payment Features Merchant Services Payment Methods 88

Stax

MARCH 14, 2024

The EMV standard has now become a global standard for cards equipped with computer chips and the technology used to authenticate chip-card transactions. Whether signature or PIN authorized, EMV chip cards are the new global standard for debit and credit cards due to the increased security of EMV technology over the classic magstripe.

Payment Methods 88

Payment Methods Merchant Services Payment Services Payment Solutions 88

Stax

JULY 16, 2024

PCI DSS is constantly updated, so you should check if your security control system complies with the latest standards. Note that PCI DSS is constantly updated, so you should check if your security control system complies with the latest standards. Each of these components—operating systems, firewalls, servers, applications, etc.—comes

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