Remove Point-of-Sale (POS) Remove Settlement Remove Software & Service Providers
article thumbnail

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

Stax

FIS Global reports that in Norway, Sweden, and other Scandinavian countries, more than 90% of transactions processed at point-of-sale (POS) in 2023 were cashless. Payment processors handle transaction authorization, settlement, and security, ensuring seamless and secure payment experiences.

ISVS 88