Payments-as-a-Service Companies will claim that becoming a registered Payment Facilitator or PayFac is easy and inexpensive. While ISOs, traditional payment processors and even Stripe itself warn against the pain and high costs. The truth is almost always in the middle, but lets simply look at the data. Mastercard has 248 Registered PayFacs in North America. …
The Importance of Mastercard’s Registered Payfac List Read More »
The payments industry agrees that COVID-19 will accelerate the adoption of contactless payments but it will also add fuel to shifts occurring at the merchant level. Private investment in payments has been driven by many things like great cash flow based on a reoccurring revenue model and defensible technology. Several factors will drive a change …
Integrated Software Vendors (ISV) that choose a PayFac path for their payments strategy, over the long term, can have the capacity to earn more revenue than traditional payment models or referral programs. They accomplish this through varying methods but the three core tenants for driving maximum revenue are adoption, functionality and commercial terms. First adoption …
There are many double standards that exist in the payments industry. The landscape is littered with conflictions laid out from Security Standards Council(PCI), Card brands(Visa, MasterCard, American Express) and the sponsor banks. Companies like Square that have received investment directly from Visa benefit from bias rules created to manage an industry they are often competing against. PCI compliance has …
PCI Compliance for Payfacs and Traditional Acquirers Read More »
Ready to learn more? Let's Talk
Sign-up for the Honor newsletter!
© 2022 HONOR financial solutions All rights reserved.
RESOURCES
SOCIAL MEDIA
