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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).

ISVS 88
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What Is an ACH Payment Facilitator?

Stax

To offer great customer experiences and maintain KYC records, crafting a tailored interface with a robust CRM system is important. These regulations include guidelines for transaction processing, data security standards, and customer authentication practices.

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