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ISV vs PayFac: The Similarities and Differences Between Independent Software Vendors and Payment Facilitators

Stax

ISVs create software platforms for various industries, including business management, healthcare, and finance. Now, there are two ways that a software service provider can become a payments provider. ISVs ensure software solutions meet standards like PCI DSS (Payment Card Industry Data Security Standard).

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How to Choose the Best Bookkeeping App for Your Business

Stax

Not to mention, different industries have different financial requirements, and in fact, 50% of accounting consultants say complying with ever changing regulations is their biggest challenge. Step 5: Check for compliance with data security best practices and industry standards Your bookkeeping software provider should be PCI DSS compliant.