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

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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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What Is an ACH Payment Facilitator?

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ACH transactions are one of the fastest-growing modes of electronic payments in the world due to the convenience they offer, low processing costs, and enhanced security. The main difference, however, is that ISOs repackage and sell payment processing services on behalf of a different, possibly larger company.

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