How PayFacs And ISVs Can Survive (And Thrive) In Uncertain Times
PYMNTS
MARCH 20, 2020
The PayFac takes on risk very much like an acquirer takes on risk,” Mielke. Offering advice and value-added service is critical, she said, because once the economy recovers, those PayFacs that are still in business will need those sub-merchants again. And at this moment, every industry is vulnerable.
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