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Understanding Risk Management Strategies as a PayFac

Stax

Two of the most popular payment solution providers for businesses looking to accept digital payments are payment processors and payment facilitators (PayFacs). In this article, we’ll discuss what SaaS companies looking to become payment facilitators need to know about risk management strategies.

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New York Bolsters Cybersecurity Requirements

Global Fintech & Digital Assets

The changes impose more demanding requirements for larger entities, new obligations to report ransomware incidents and payments, and expanded oversight responsibilities for board and senior management. Requirements related to business continuity and disaster recovery have also been included for the first time.