Remove ISVS Remove PCI DSS Remove Processing Costs
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ISV vs PayFac: The Similarities and Differences Between Independent Software Vendors and Payment Facilitators

Stax

In this article, we’ll break down two popular terms used in the payment processing industry—ISV and PayFac —and see what they exactly mean. TL;DR An independent software vendor (ISV) develops and sells software applications independently of hardware manufacturers. What Is an ISV vs PayFac?

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Vantiv Attains Oracle Validated Integration Of Its Ecommerce Services

PYMNTS

Benefits to customers include lower processing costs with a direct processor connection and no gateway fee, reduced PCI DSS scope and support for business-to-business Level II and Level III card processing, which allows organizations to qualify for lower interchange rates.”.

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