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SnapAP Announces Funding From Israel Angel Investors

PYMNTS

Snap Accounts Payable (SnapAP) has completed the first stage of a new funding round with help from a group of Israel-based angel investors, a press release says. The intent of the round is to help SnapAP on the first stage of its planned $2 million seed stage round.

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

Stax

There are two main ways that an ISV can become a payment provider—by adopting the ISO model or the PayFac model. In the ISO model, an ISV partners with a third party that handles merchant account setup, payment processing, risk, and compliance. Now, there are two ways that a software service provider can become a payments provider.

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EBizCharge Wins Best Embedded Payments Solution in 2024 PayTech Awards USA

EBizCharge

To be selected as the Best Embedded Payments Solution in the 2024 PayTech Awards USA, a software/services provider must successfully provide modern embedded payment technology with comprehensive functionality that delivers clear and measurable results to its users.

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Mobile Devices Take On SMB FinTech Functionality, Usability

PYMNTS

Ranjit Charles, vice president and chief architect at small business accounting software firm BizTechnologies , told PYMNTS in a recent interview about the evolving role of the mobile device for SMBs, beyond its ability to enable remote access to information. But outside of basic accounting, manual processes and paper still rule.

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How to Choose the Best Bookkeeping App for Your Business

Stax

Being cloud-based allows you to sync your bookkeeping app with your bank accounts and other business management tools to generate real-time financial reports. You will be able to view those reports and keep tabs on your business’ finances on-the-go using your provider’s mobile app. What are the Benefits of Having a Bookkeeping App?

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How to Streamline Your SaaS Clients’ Merchant Underwriting Process—and Improve Adoption Rates

Stax

TL;DR Merchant underwriting is the risk level assessment process an acquiring bank carries out on every new merchant before they grant them a merchant account. The bank assumes the risk on behalf of the business and needs to make sure that they screen new businesses before handing out merchant accounts.

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What Is an ACH Payment Facilitator?

Stax

This enables business owners to accept payments directly through their SaaS platform without needing a Merchant ID (MID)—as is the case with traditional merchant account providers. Instead, the PayFac uses its master merchant account to facilitate payments for its sub-merchant accounts.

ACH