PayFac

Forward Raises $16 Million to Grow Payment Facilitation Platform
Forward Raises $16 Million to Grow Payment Facilitation Platform
May 31, 2024  |  Investments

Forward plans to help more software-as-a-service (SaaS) companies add payments as a product after raising $16 million in seed financing. The company will use the...

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How to PayFac: What Software Platforms Need to Know
How to PayFac: What Software Platforms Need to Know
September 18, 2023  |  Digital Payments

The merchant acquiring model has undergone many changes since the introduction of the first general-purpose credit card in 1958. Back then, acquiring banks were responsible...

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Why Visa Says PayFacs Will Reshape Payments in 2023
Why Visa Says PayFacs Will Reshape Payments in 2023
January 23, 2023  |  Digital Payments

Payment facilitation is among the most vital components of monetizing customer relationships — and the role of PayFacs is often misunderstood. In an interview with...

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PYMNTS Summer Series: The ‘Great Blending’ Sees Payments Migrate From Utility to Strategic Advantage
PYMNTS Summer Series: The ‘Great Blending’ Sees Payments Migrate From Utility to Strategic Advantage
July 07, 2022  |  Digital Payments

Merchants have traditionally viewed payments as a utility. As Dustin Young, senior vice president of acquirer solutions at Cybersource, told PYMNTS CEO Karen Webster, that...

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Not All ISV Roads Must Lead To Being A PayFac
Not All ISV Roads Must Lead To Being A PayFac
March 17, 2020  |  Payments As A Service

For software companies, the quickest route to top-line and margin torque might be to offer payments to their merchant customers — onboarding those merchants and...

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Monetizing Payments Data In The Age Of IoT
Monetizing Payments Data In The Age Of IoT
December 12, 2019  |  Data

It’s been said that the holy grail of commerce is data. Even that holy grail has a holy grail — where data is accessible and...

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Paya Buys Stewardship Tech In Bid To Grow Nonprofit Share
Paya Buys Stewardship Tech In Bid To Grow Nonprofit Share
November 01, 2018  |  Partnerships / Acquisitions

Payments solution firm Paya said Thursday (November 1) that it has acquired Stewardship Technology, an Ohio-based PayFAC focused on nonprofits, faith-based organizations and educational enterprises....

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WePay: ISOs, ISVs And The Future Of PayFacs
WePay: ISOs, ISVs And The Future Of PayFacs
April 23, 2018  |  Payment Methods

The road to becoming a payments facilitator, according to WePay founder Rich Aberman - is long, expensive and technologically complex. For some ISOs and ISVs,...

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The ROI On Being A PayFac? Zero
The ROI On Being A PayFac? Zero
August 31, 2017  |  Payments Innovation

With changes happening all around us every day, the highly adaptive and evolutionary tendencies of technology in the closing years of the 2010s sometimes mean...

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