trade facilitation measures – like an NTB reporting mechanism or a simplified trade regime for small traders and capacity-building can be used to their full extent to increase intra-African flows of biodiversity/BioTrade goods and create sustainable regional and continental value chains (UNECA et al. ISVs seek to offer payment acceptance functionalities to their customers and need an ISO or PayFac’s help to get up and running. Just keep in mind, when implementing integrated payment systems with this method, it’s crucial to meticulously select the right payment facilitator, as the. Costs of Payment Facilitator Registration. ( EPAY ), Coupa Software Inc. providing them with benefits such as an automated underwriting tool with real-time approval and integrated fraud prevention. A. As a. (NASDAQ: PYDS), a leading integrated payment solutions provider, offers a wide range of payment solutions to merchants, billers, banks, service bureaus, and card issuers. Far beyond the mere facilitation of transactions, this integration serves as a linchpin for a myriad of advantages that permeate through various dimensions of your business operations. Payline I/O is offering a. com 3 Fast Fact: Integrated sotware vendors (ISVs) selling to businesses can become payment facilitators (PFs), which allows them to provide their clients with integrated payment acceptance and proit from the associated revenue stream. A payment facilitator, or PayFac, is a type of merchant services provider (MSP) that equips merchants with payment processing capabilities. Customize the payments experience. Learn how you can future-proof integrated payments within your software by partnering with an experienced integrated payments provider. Swipesum will join your team to find the best integrated payments partner, assist in winning negotiations, and then help manage your payments operation. A Guide to Geometric Growth using Integrated Payment Processing”. Simplify account enrollment and onboarding with a complete payment solution. The term “integrated payments” refers to the seamless combination of payment processing with a company’s software platform or application. All Approvals. Registered payment facilitators earn 20-40 basis points more per transaction than they would riding the rails of another wholesale PayFac. A payment facilitator, or PayFac, is a type of merchant services provider (MSP) that equips merchants with payment processing capabilities. Through its platform, Usio offers a way for companies to access the benefits of Payment Facilitation (PayFac) without facing the hassles or incurring the complex and laborious upfront investment. The Exact Payments HPP is a secure hosted payment form which integrates directly into your online or mobile store. In this model your business partners with a TPP. Acqra Pay – E-commerce Payment. MSME Intent Registration. We call it the Payments Maturity Curve, which consists of five stages. S. PFMS started during 2009 with the objective of tracking funds released under all Plan schemes of. Just like some businesses choose to use a third-party HR firm or accountant,. A payment Facilitator Provider offer SAAS platforms the ability to instantly onboard sub-users and enable payment processing. Becoming a payment facilitator is a change to your operational and support models, has and it pays long-term benefits. Paragon is the next era of integrated payments, delivering tailored solutions and strategic partnerships that help software providers. There are a few behind-the-scenes differences between PayFacs and marketplaces that you should be aware of: If you're looking for a payments solution for your marketplace or payment facilitator platform, Swipesum would love to help! We have helped over 1,300 businesses find their perfect payment processing solutions. They can also make payments via QR codes, and ATM • Currently, RPP supports P2P and merchant payments, while new services, i. Read on to learn more about how payment facilitation works, and how they can help you streamline the payments process and. An example would be a SaaS platform that provides plumbers and home service providers an application that help them. A payment facilitator is a company (generally an ISV) that allows its users to accept payments through their software using their infrastructure. About Vantiv, Inc. 2. This feature allows end-users to make purchases within the software solution. Payment Facilitation offers SaaS platforms 2 major benefits:. Integrated payments technology. Generous recurring revenue share increases incremental. Amaryllis Payment Facilitation Platform can help scale your business and increase your business valuation by monetizing the payments flowing through your service. The Visa Global Registry of Service Providers is the payment industry's designated source for information on registered and compliant agents that provide payment-related services to Visa clients and merchants. The payments industry is a rapidly changing scene that is constantly in flux due to the introduction of new payment methods, mergers and acquisitions, and technology. 8 Things to Look For in a Payment Gateway Integration. In the last year, we have seen the masses leave those typical providers. Future-Proof Integrated Payments (800) 884-5208. The traditional payment facilitator model is. Online B2C buy now pay later payments. 01274 649 893. You need a partner you can trust. A. These software companies take on greater risk but pocket a much larger portion of the processing revenues. Future-Proof Integrated. To determine the revenue potential of payment facilitation, be sure to perform an in-depth analysis of your target market. How Integrated Payments Ensure Your Company’s Growth . Registered payment facilitators earn 20-40 basis points more per transaction than they would riding the rails of another wholesale PayFac. Future-Proof Integrated. Since Shopify embedded payment acceptance into its core eCommerce infrastructure, it benefited proportionately as its merchant stores sold more, producing an exponential growth rate. WorksWith Elavon. If they sell at 2. Enabling businesses to outsource their payment processing, rather than constructing and. 19 Years facilitating payments requirements. It’s integrated with its own payment processor to route the sub-merchant’s transactions. Owing to the convenience, reliability and contact-free feature of Mobile payment (M-payment), it has been diffusely adopted in China during the COVID-19 pandemic to reduce the direct and indirect contacts in transactions, allowing social distancing to be maintained and facilitating stabilization of the social economy. Payment Facilitator. Instead of relying on your team to accurately connect all of the dots, an integrated payment platform can seamlessly facilitate communication between your accounting software and the rest of your tech stack. P. 2. SaaS and PaaS applications differ greatly in their requirements for payment facilitation, and that’s where we have the. Our integrated payments solution helps our customers process payments faster and more efficiently by harnessing the power of Chase’s best-in-class solutions and brand. ISVs looking for complete power over their payments program will be seeking to become payment facilitators. Many ISVs have, in fact, rushed to become ISOs or PayFacs in hopes of snagging a larger share of the revenue stream or having their portfolios acquired by larger entities. This includes processing payments, managing customer accounts, and ensuring that payments are securely conducted. Ransomware payments reached over $400 million globally in 2020, and topped $81 million in the first quarter of 2021, illustrating the financially driven nature of these activities. 0. Harnessing the financial strength and stability of our parent company, Constellation Software, Inc. Basically, a payment facilitator allows SaaS companies to focus more on providing a great user experience for their customers, with integrated payments being just one part of it. With the wide variety of benefits offered by integrated payment services, don’t hesitate to consider partnering with a payment facilitation provider for your business. PUREfac Managed Payment Facilitation;. The integrated System enables applicants to electronically submit their applications for Work/Residence Permit, pay required fees, receive status notification and Grant Notice online via their email accounts. Founded in 2001, EpicPay provides flexible, secure, reliable, and seamless integrated payments technology to more than 13,000 clients. Payments 101. We would like to show you a description here but the site won’t allow us. S. It’s safe to say becoming a payment facilitator is a highly complex and resource-intensive process. Previously, Todd was a Vice Presi dent, Business Development at MerchantE and also held positions at Jonas Software, Tenneco. 5% of dollars processed. The payment facilitator model (or PayFac model) was created to streamline the process of allowing end-users of these software platforms to process payments without adding extra steps or requiring additional solutions. Historically, ISVs would have referral share agreements with payment processors to enable payment acceptance for their customers. Chances are, you won’t be starting with a blank slate. The Anti-Red Tape Act prohibits a public officer from fixing and/or. 55%. Agile Payments has a PCI Compliant IVR Transaction solution that can be set for stand-alone, dedicated toll free numbers or a phone number that can be routed to from a prompt within your phone tree prompts. The integrated payments model has evolved to the point that ISVs are now able to become payment companies themselves, offering a one-stop merchant. We have APIs for all business types, whatever your size or location and whether you take payments online or at point of sale. Frequently asked questions. One that can quickly and easily boost your product portfolio with integrated, easy-to-use technology, tools, resources and 24/7, top-rated. Payment facilitators, aka PayFacs, are essentially mini payment processors. Since Shopify embedded payment acceptance into its core eCommerce infrastructure, it benefited proportionately as its merchant stores sold more, producing an exponential growth rate. We’ll manage risk, compliance and payouts, and keep you informed through our API. 1. , Sioux Falls, SD. -based payment facilitation platform, announced on Wednesday it secured $11 million through its Series A funding round, which was led by Rebecca Lynn from Canvas Ventures with. This is especially important—and potentially complex—for SaaS companies considering payfac-as-a-service. Integrated Payment Systems at a Glance. And speaking of payment facilitation. Mobile payment based on QR Code only needed static QR code stickers at merchant points to start facilitating payments (Agusta & Hutabarat, Citation 2019). While a software company can pursue multiple pathways to offer payments to its customers, the only way to fully capture the benefits of FinTech 2. An integrated payments system enhances the point-of-sale by optimizing the availability of features and providing access to modern payment technology that boosts sales and. Further, from 2017 to 2021, Australia saw a 200 per cent increase in embedded payments. 6% on net revenue, according to Bain & Co. 486. Integrated payments and embedded payments are often used interchangably but there are three distinct business models: integrated referral partnerships, payment facilitation (), and payment facilitation as a service (PayFac-as-a-Service). e. Stripe’s payfac solution powers some of the world’s fastest-growing platforms. A Guide to Geometric Growth using Integrated Payment Processing”. Deeply integrated payments. Activation and training team: For help getting started using your payment equipment, call 1-866-451-4007. Payfactory shares revenue with platforms and offers competitive rates for the businesses you serve with $0 monthly-fee options. At a Glance. [email protected] payment facilitator (PayFac for short) is a service provider that is layered between the submerchants (the merchants a PayFac works with) and an acquiring body. Integrated payments are also a great way for SaaS providers to make money, as SaaS customers are less price sensitive and highly likely to accept a service package that includes payments (resulting in low acquisition costs). Exact Payments is a team of payments experts with years of experience helping clients build and manage payments solutions. Fortis is a Payment Facilitator and ISO/MSP processing transactions for all major payment and banking networks. Integrated payment solutions simplify operations and improve efficiencies, so you can run your business better. Reduce friction and simplify compliance. You’ll have everything you need for seamless ERP integration, ACH payment service, shopping cart and eCommerce, dynamic currency conversion and access to APIs and SDKs. System lets companies set rules to shift cash automatically. Paragon Payment Solutions, a Paya (NASDAQ: PAYA) company, is an industry leading integrated payments provider committed to delivering tailored solutions and strategic partnerships that help software providers and their customers excel. With Payrix Pro, you can experience the growth you deserve without the growing pains. Payment Link. 1-800-725-1243. The reason why integrated payments are so popular? It boils down to a few different benefits. J. Accept credit cards on your website. Enabling businesses to outsource their payment processing, rather than constructing and. Revenue is derived simply from the difference in buy rate from the processing networks and the sell rate charged to the end customer. Vantiv offers a comprehensive suite of traditional and innovative payment processing and technology solutions to merchants and financial institutions of. Fortis is a Payment Facilitator and ISO/MSP processing transactions for all major payment and banking networks. Fortis is a registered ISO of Fifth Third Bank, N. Essentially PayFacs provide the full infrastructure for another. Accept a full range of payment types. Payments. SaaS Providers & Platforms: Navigating the Payment Facilitation Journey and Beyond, 2022 SaaS providers and platforms should not think of payment facilitation as a single point in time, but as. , which rivals the margins a company could realize by. This whole process sounds complicated, but in practice, it is often. Payfac-as-a-service is a turn-key payment facilitation model in which an external company provides businesses with the necessary tools and infrastructure to accept electronic payments, such as credit and debit cards, ACH, and eCheques. Traditionally, processing payments has been a major pain point for merchants, because it requires multiple compatible systems (e. Connect automatically updates to help meet the latest. Path to payment facilitation: Are you ready for the journey? November 10, 2021. Payment facilitation. Merchants expect a frictionless experience from both your business management software and its integrated payments solution. Knowing your customers is the cornerstone of any successful business. Solutions. We understand that you are an extension of. Is a seamless integrated payment. 9% their margin is . Customer Support. Here is the key part. The rate. point-of-sale system, accounting software, business. For the. The keyword "Praxis" echoes, highlighting the simplicity and effectiveness of this integration. Benefits of Payments Data. Morgan. Payments Facilitators (PayFacs) have emerged to become one of those technology. 5 per cent higher than the global average. All the benefits of PayFac without all the costs. Exact is integrated with leading processors in the US and Canada, including Elavon, Fiserv, Global Payments/TSYS, Chase Canada, and Moneris. As independent, provider-agnostic consultants, we exclusively focus on supporting your company throughout the process. ”. Defense Investor Cell Portal. With the wide variety of benefits offered by integrated payment services, don’t hesitate to consider partnering with a payment facilitation provider for your business. A facilitation payment or “grease payment” is a small sum of money paid to a Government Official in order to expedite routine and nondiscretionary activities, such as obtaining a visa or work order, installing telephone service, or initiating electrical service. rom a team that has dedicated their careers to creating solutions designed specifically for software providers and their customers, Paragon Payment Solutions knows integrated payment processing. In a nutshell, the business problem that the PayFac, as an entity, and payments facilitation, as a concept, seeks to solve, and which has existed stretching back decades: Small businesses have. Recently we retained Ernest Park of Airius Internet Solutions for assistance in security. com. LEARN MORE Contact Sales > Fast Boarding Merchants are typically boarded in minutes from signing. Payment facilitation is a business model that enables software companies to provide a seamless, end-to-end integrated payment solution to their customers. A payment facilitator, or PayFac, like PayPal, and now Stripe, Square and Braintree, have done away with the traditional hurdles associated with credit card processing. Unlike traditional PayFacs, no capital investment is required. GUIDE TO PAYMENT FACILITATION OPTIONS Embedding payments into your platform FIND OUT WHAT’S BEHIND THE BUZZ How involved should you be in payments?. But this notion of. Hybrid Payment Facilitation;. Emails and Direct Phone Numbers of Director Payment Facilitation Integrated Paymentss Search and Find Anyone's Email Address, Direct Phone Number and Much More ZoomInfo’s database provides access to over 209 million professional profiles and 13 million business profiles, including more direct dials and email addresses of Director Payment. Before jumping into the world of integrating. 4 per cent — 5. Payment Gateway Integration: A Growth Strategy for developers and SAAS providers. Converge is a leading payment gateway for authorizing payment transactions quickly and securely, whether in-person, online, or on-the-go. Payment Facilitating allows the Master Merchant to quickly and easily onboard their sub merchants or in the case of a SaaS platform Payment Facilitating allows platform users to the ability to accept credit, debit card and in some case ACH. A payment processor is the function that authorises transactions and sends the signal to the correct card network. Brief. Bready referred to the service as a hybrid option for ISVs, and it’s resonating with those clients. Start using Paymob’s online digital payment solutions like paymob accept, payment gateway, paymob app, pos machine, payouts & more. Payroc offers best-in-class sales enablement and merchant processing technology, delivering proprietary, innovative. Payment Facilitator. A technology-first solution for payment facilitation. It’s safe to say becoming a payment facilitator is a highly complex and resource-intensive process. •Facilitation of Financial literacy/education and establishment. This means you don’t need to work with multiple vendors or invest in IT resources, so you can go to market. Payments are becoming more and more productized, and Golfpay is the ultimate payment facilitating product for a 70-billion-dollar golf industry. As the world of. It’s a simple and secure way to accept payments without the burden and risk of handling credit card data. 254. Payment facilitator vs payment processor. Pick a platform and launch your custom store through the vendor's site. Determining the optimal model for a platform entails analysis of the benefits, total cost of ownership, and risks. For example, an. ATLANTA & TULSA, Okla. If you are a SaaS enterprise looking for integrated payment facilitation, a growing Fintech searching for a payment technology partner. "Facilitation 2. A payment facilitator allows sub-merchants under one master merchant to process payments easily, with less hassle. Take full advantage of the benefits of payment facilitation, without any of the headaches, regulatory compliance, or liabilities of becoming a fully registered payment facilitator. These services include its proprietary technology for payment facilitation (PayFac), automated clearing house (ACH) payments, and. Payment facilitators offer payment processing services to merchants just like. Unlike traditional merchant service providers that resell payment processing, PayFacs own processing accounts and underwrite and onboard sub-merchants under their accounts. Over the past several months Fortis has brought payment facilitation and new vertical capabilities to market, expanded into Canada and launched over a dozen new integrated software partnerships. Get Started. As health care payments increasingly look like traditional retail payments with various provider-consumer touchpoints, those acquiring hospital and medical clients are also turning to a payment facilitator model to secure contracts. Elavon is the innovative, secure and global partner for your payment processing needs, whether you do business online, via mobile, or in-person. From 2022 to 2029, the CAGR for embedded payments in Australia is expected to be 29. Traditionally, processing payments has been a major pain point for merchants, because it requires multiple compatible systems (e. Compliance lies at the heart of payment facilitation. Like other businesses, many hospitals and health care. Over the past several months Fortis has brought payment facilitation and new vertical capabilities to market, expanded into Canada and launched over a dozen new integrated software partnerships. Generally, the least preferred method of contract financing. Sets Conference Call to Announce Fourth Quarter and Fiscal Year. . While both terms are sometimes used interchangeably, there are significant differences between a payment facilitator and a payment. The reason…not more than 4 months prior to this we were having the exact same discussion about how to properly define the terms pertaining to “payment facilitation”, “payments as a service”, “integrated processing solutions”, “integrated payments”, or a myriad of other. that chose to become PayFacs and embed payment processing features within their software — enabling them to offer integrated payments as an add-on service. For efficiency, the payment processor and the PayFac must be integrated. Agile Payments has been supplying various types of payments related tools for 20+ years, and one of those tools is Interactive Voice Response which allows companies to collect payments over the phone using automated IVR Payment technology. Payment Facilitation FOR SOFTWARE PLATFORMS Payfactory empowers leading platforms with immediate onboarding, payment acceptance and payouts through a suite of restful APIs. 1. What is a payment processor? A payment processor is a company or service that facilitates electronic transactions between customers and businesses by processing and authorizing credit card, debit card, and other digital payment methods such as digital wallets. Payment facilitator; Managed Payment Facilitator; ISO Model; Referral partnerships have the least amount of responsibility involved. Evolve Support. Who We Are. A facilitation payment is a payment that a business makes to facilitate legal or governmental proceedings. Partnering with a PayFac (outsourcing to a provider) With this payments model, you are outsourcing the bulk of. The leader in integrated payments for software providers. Payment gateways play a critical role in facilitating secure and seamless financial transactions between patients, healthcare providers, and insurance companies. Our fully integrated, API-first technology platform makes payment facilitation quick and manageable by offering: Card-present, card-not-present, mobile and e-wallet solutions. The Payment Facilitator versus Payment Processors distinction is primarily differentiated by the end customer on-boarding process and the funding + descriptor differences. Payments for platforms and marketplaces. , Request-To-Pay (including bill payments), Consent (e-Mandates), Real-time Debit and cross-borderAn integrated payment processing solution can make a significant impact on your financial health and deliver powerful benefits to merchants and end-users. Online payments, however, require. This partnership type is known as a managed payment facilitation model. PUREfac Managed Payment Facilitation; PUREcloud; Tokenization & Card Account Updater;. The core service payment facilitators offer merchants is the ability to accept credit and debit payments, both online. To learn how your software application can become a billing solution for your users as well as generate additional revenue streams, contact Wayne today at [email protected] Payment Solutions. Registered payment facilitators earn 20-40 basis points more per transaction than they would riding the rails of another wholesale PayFac. Our onboarding paths are made to help new users get started and grow on our platform faster. By simply adding payments to your vertical Saas products, you can easily capture significant new revenue and increase your TAM instantly. Request a Demo. FinTech 2. A caller chooses. Monetize Payments With PayFac-as-a-Service. Omnichannel retail strategies are designed to create an integrated, consistent and seamless shopping experience leveraging traditional models and new technology. Create an end-to-end user experience without the overhead. VoPay’s Fintech-as-a-Service technology is a full stack of integrated payment rails, commerce tools and financial services that can be embedded into any digital platform through a single and scalable API. Benefits of Payments. The Epic Platform is a. Payment gateways play a critical role in facilitating secure and seamless financial transactions between patients, healthcare providers, and insurance companies. 1 This growth has been supported and propelled by the continuous emergence of new technologies,. and provide them with a Managed Payment Facilitation solution. You may likely serve a diverse array of customers, from large enterprises to individuals on “freemium” plans. As the solution of choice for the future of payments, Fortis moves. Non-compliance risk. Caution - Online PAN applicants Protean Cautions Public Against Spurious Calls “IVR” (24/7) Self-service to know PAN & TAN status in English and हिंदी languages on 08069708080 “WhatsApp” connect with us on 8096078080, just say “Hi” to start the journey with Protean If any NRI’s PAN is still inoperative, he/she is requested to intimate his/her. P. , Cincinnati, OH. Rm 1202, Delta House, 3 On Yiu Street, Shatin, NT, Hong Kong. The remaining $20,000 is ___________________. The integration of payment. Payment Processing Partnership. Payment. $Usio’s products and services include ACH, Payment Facilitation, Prepaid Card Issuing, Electronic Bill Presentment and Payment (EBPP) as well as print and mail for those who elect to remit. For example, many of your customers may want robust reporting and transaction data for accounting purposes. This is especially important—and potentially complex—for SaaS companies considering payfac-as-a-service. 01274 649 893. With its integrated payment platform Omni, business owners, partners, and software companies have access to the industry’s only all-in-one solution providing the card-present, card-not-present. An integrated payments provider like none other, Paragon is here to set the new standard in integrated payments partnerships. They provide services that allow merchants to accept card-not-present (CNP) and card-present (CP) payments. Elavon and U. Integrate Evolve's payment service technology into your software platform and you can start offering your customers a seamless payments journey right away. The PayFac gathers a few key data points from the merchant, the merchant is quickly evaluated by an underwriting tool and is approved or declined in as little as a few minutes. Once you find a payment processor that is secure and reliable, you can sign a referral agreement and direct your merchant clients to the processor for transaction support. A. This includes Tier 1 PSPs, major banks, e-wallets, instant wire solutions, and localized APMs. Payments and software are still handled by two separate providers, but their systems are communicating through APIs, and the payments can be reconciled with the software system through automation. 4811. APPS adds payment facilitation platform; ERP, CRM & accounting integrations; and suite of semi-integrated payment terminals with Paynomix acquisition. Put our half century of payment expertise to work for you. The medical center received a $100,000 capitation payment in January to cover healthcare cost of 150 managed care enrollees. A payment facilitator (PayFac) is an organization or company that provides embedded payments, including all the services and solutions that its customers need to accept payments, such as the technical infrastructure and behind-the-scenes processes that make payments happen. PayFacs underwrite the merchants as the merchants process. In the world of payment processing, the turn of the decade represented a massive transition for the industry. For more than 19 years, Agile Payments has been providing integrated payments solutions to businesses who develop and provide software applications to their vertical industries. Unlock SaaS revenue, turn payments into a profit center, and offer new financial services through your software platform. F. Technology is critical in the pursuit of scale and the Fortis platform continues to excel through innovation and investment. | [email protected] the companies that Goldman believes are well-poised to profit from the further digitization of B2B payments are these eight: Bottomline Technologies Inc. Nuvei Completes $1. ACH Integrated payments eliminate the worry of fraudulent use if remitting payments by paper check. The SaaS platform hands off the merchant account application, provisioning, support and risk mitigation to the TPP. 800-761-8039. Payment Facilitator Alternative. This way, the amount that customers pay for their online purchases reaches the. Commerce Connect: Payment Gateway. . Becoming a PSP (also known as PayFac) lends itself well to some businesses that fall into the software provider classification. Traditional. Non-compliance risk. Vantiv, Inc. The CORE ISV Partner program is a curated path for businesses that provide software solutions and are integrated with CORE. This means owning every aspect of the payments cycle from onboarding to funding. A solution built for speed. Embedded financial services —the idea that telcos, car manufacturers, software companies and logistics firms will offer payment options within their products or. There exists a number of issues that need consideration prior to becoming a Payment Facilitator. Connect your account. In this post, we break down the differences between a few of the most common routes you can take when it comes to integrated payment models: independent sales organization (ISO), full-fledged payment facilitator (PayFac), or PayFac-as-a-Service (PFaaS) models. Thanks to the emergence of. The Reserve Bank of India (RBI) reported a compound annual growth rate (CAGR) of 61% in volume and 19% in value for digital payments in India between 2014–2019. The integration of payment. In the case of Toast for instance, Ajao calculated their TAM increased by 3. Evaluate the cost implications of both systems. PayFac® solutions, at your service Worldpay from FIS is your advocate for payment facilitator solutions. Many merchants were hamstrung in 2020 by their legacy, siloed payment systems, which stood in the way of the integrated and seamless shopping experiences their customers desire. A payment facilitator is a type of model in. Strategic growth facilitation. (FAR 32. The EAC is commencing preparation for an integrated Single Payment System for the region (EAPS 2) 2. Governments around the world invested taxpayers’ money to save banks from failure, central banks were forced to use unconventional monetary policy to prop up. Payment Facilitation without Hassle (800) 884-5208. , Providence R. VyaPay is a registered ISO/MSP of Citizens Bank, N. Integrated Payments & Payment Facilitation. Facilitation payments are not allowed under Philippine anti-bribery and anti-corruption laws, as payments to public officials by reason of their official position are penalized. Becoming a PSP [Payment. g. S. No integration fees. Robust API. By integrating it PayFac into your systems, your end users will each go through an identical onboarding process, so you don’t need to ask your customers to seek a. , & Wiese, M. Now software businesses can earn revenue by acting as a payment facilitator (PayFac) with Exact’s PayFac-as-a-Service (PFaaS) solution. We do this by allowing software companies to ‘white-label’ our Payment Facilitation. Taken literally, Visa and MasterCard define payment facilitators as third-party agents who can sign a merchant. (NYSE: VNTV) is a leading, integrated payment processor differentiated by a single, proprietary technology platform.