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How to Become a PayFac: A Roadmap for Software Developers

Exact Payments

Complying with PCI standards involves many steps, such as establishing a secure network, encrypting data, developing an information security policy, and undergoing an on-site audit. Typically, becoming PCI certified takes several months and no less than $50,000.

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Bridging Banking Gaps For Cannabis Companies

PYMNTS

Additionally, he said, the firm has partnered with what he termed “an industry-leading third-party identity verification partner” that not only confirms the identities of all beneficial owners of a business but also checks that they don’t appear on any of the financial crimes watchlists like OFAC.

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