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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. Further, Statista projects that the value of global digital transactions will exceed $11 trillion in 2024. What Is an ISV vs PayFac?

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What Is an ACH Payment Facilitator?

Stax

Clearly, ACH transactions are one of the fastest-growing modes of electronic payments in the world. ACH transactions are one of the fastest-growing modes of electronic payments in the world due to the convenience they offer, low processing costs, and enhanced security. That leaves ACH as the preferred mode of payment.

ACH