Exact Payments

OCTOBER 30, 2023

Differentiator 1: Payment Aggregation The most crucial distinguishing factor of PayFacs is that they operate as merchants themselves and register for processing accounts directly with an acquiring bank. They are then able to onboard and aggregate sub-merchant accounts under their master account.

Facilitators 52

Facilitators Processors Payment APIs and Integration ISOs 52

Exact Payments

NOVEMBER 8, 2023

Additionally, PayFacs can offer merchants a much simpler account onboarding process. When PayFacs utilize automated underwriting tools, they are able to instantly onboard clients under their master account through a convenient online onboarding process. Looking to Become a PayFac?

Facilitators 52

Facilitators ISVS ISOs Payment APIs and Integration 52

EBizCharge

NOVEMBER 12, 2024

In contrast, PayFacs streamline the process by directly allowing merchants to sign up for payment processing services without needing an individual merchant account from an acquiring bank. PayFacs aggregate multiple merchants under a single master account, making the application process faster and simpler.

Underwriting 52

Underwriting ISOs Risk Assessment Assessments 52

The Payments Association

MARCH 18, 2025

This position could allow for greater integration of crypto businesses into the regulated financial system, potentially offering more stability and clearer risk managementfactors that may also influence related areas such as payments and settlement.

Federal Reserve 88

Federal Reserve Stablecoins Fed Settlement 88

The Payments Association

JANUARY 31, 2025

’ against digital asset companies (see below, Other Key Developments in Crypto ) and the FRBs refusal to permit Custodia Bank to open a master account. Notably, US banking regulators (e.g.,

Stablecoins 88

Stablecoins Office of the Comptroller of the Currency Treasury Regulations 88