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

Stax

ISVs create software platforms for various industries, including business management, healthcare, and finance. Now, there are two ways that a software service provider can become a payments provider. ISVs ensure software solutions meet standards like PCI DSS (Payment Card Industry Data Security Standard).

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How to Choose the Best Bookkeeping App for Your Business

Stax

Enhanced security for financial information Storing your financial information with a reliable payment services provider through your software will give you peace of mind that your data is secure. Your accounting software’s third-party app support ecosystem must be broad enough to include such tools.

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What Is an ACH Payment Facilitator?

Stax

These include the following: A robust technological infrastructure Customer privacy and security Interoperability User awareness and adoption Quick and easy onboarding process Final Words It shouldn’t come as a surprise that ACH PayFacs provide some exceptional benefits to SaaS companies and software service providers.

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