Exact Payments

OCTOBER 30, 2023

Acquiring banks Acquiring banks, also known as acquirers, are banks that process payments on behalf of merchants. Issuing banks Issuing banks, or issuers, are entities that issue customer credit cards and handle the transfer of funds to the merchant’s account. This bank is known as the sponsoring bank.

Facilitators 52

Facilitators Processors Payment APIs and Integration ISOs 52

EBizCharge

NOVEMBER 12, 2024

Financial stability Financial stability is essential during the underwriting process, as this can dictate whether a business can acquire a merchant account. Merchant account providers review financial statements, bank statements, and other financial history documents to assess a company’s fiscal health.

Underwriting 52

Underwriting ISOs Risk Assessment Assessments 52

Exact Payments

NOVEMBER 8, 2023

What makes PayFacs unique as compared to other MSPs is that they own a merchant payment processing account directly with an acquiring bank. By operating as a master merchant, they are able to onboard and aggregate many “sub-merchants” under a single merchant account. These technologies are often third-party solutions.

Facilitators 52

Facilitators ISVS ISOs Payment APIs and Integration 52