Create what-if scenarios, track cash flow, and monitor the financial health of your business. 7. History of payfacs. Debit and credit users on demand. Combine O2O & social commerce platform with on-demand delivery with built-in chatbot and sub-merchant PayFac solutions. Another major market player, United Thinkers, provides a robust licensable UniPay Gateway solution for both merchants and payment facilitators. Select Region. History of payfacs. It offers a system capable of processing payments, providing multiple means for completing a transaction, such as credit cards, debit, e-wallets, instant transfers, bank transfers, and cash in one place. Diversified Service Portfolio: The company operates across multiple key verticals, including digital audio and video content streaming, online payment facilitation (PayFac), digital education content platforms (EdTech), and information technology services. 5 Best Forex Brokers for 2023. 1. You must be a full blown credit card and ACH Payfac. It automates and streamlines payroll with its powerful inbuilt features like core HR, attendance and leave management, reporting and employee self. What is a PayFac platform? A PayFac platform refers to the technology, tools, and services offered by a Payment Facilitator (PayFac) to enable and manage payments for sub-merchants. It needs to obtain a merchant account, and it must be sponsored into the card networks by a bank. You will be required to provide sensitive personal. A payfac is a type of payment aggregator, but it typically provides a more comprehensive suite of services. 3 BIN and Acquiring Identifier License and Administration 158Maximize profitability. Platforms and acquirers offer PayFac programs. Cross Atlantic reach. Mailchimp: Best for all-in-one marketing. This payroll software provides a cloud-based platform that enables users to access information related to payroll from anywhere remotely. TD Ameritrade created a highly regarded trading platform called. With the addition of NextChapter, two of the three largest bankruptcy legal software developers have now chosen Usio and its Payfac-in-a-Box™ technology as their electronic payments solution. Betterment - Best for Hands-Off Investors. Accept payments online, in person, or through your platform. An efficient monitoring package allows payment platforms to remain on top of all assumed risks and makes their platforms safer for all users. Best for: Medium to large businesses seeking a comprehensive platform for their content, customer relationship management (CRM),. Embedded payments with Connect encompasses the entire payment experience from end-to-end, including onboarding. Explore the Report. These training sessions can cover various topics such as data security, privacy laws, PCI DSS, and best practices for secure payment processing. This solution involves you partnering with either (1) an acquiring bank or (2) an acquirer and a payment facilitator vendor. This is especially important—and potentially complex—for SaaS companies considering payfac-as-a-service. These businesses unlocked dynamic growth with Stax. This ability to board customers without forcing them to apply for a traditional merchant account affords friction-free onboarding. The 5 Best Crypto Payment Gateways For Businesses. BigCommerce: Best for boosting sales. Get notified when Stripe Reader S700 is available in your country. payment aggregator. Intro: Business Solution Upgrading Challenges; Payment System Integration; Migrating from One Processor to Another; Legacy System ReplacementOnline Payment System Software and Global Payment Processor - UniPay Gateway. At Revision Legal, we protect businesses that thrive online, and understand the connections between law, technology, and business. Remittance service providers are also known as ‘money transfer businesses’. Jeff Miller Payments! Growth Leader, Coles Data Xdates Insurance 300,000+ high-quality leads annually,R&D Tax Credit Money BackPassionate about Marketing!Green Man Gaming is for frugal PC players who want to buy games on the cheap. Reduced Development Burden. When you are listed, you help secure the promise of a trusted payment system by highlighting your investment in data security and the. It charges a monthly fee for its service and a per-transaction fee. 3% of this amount at best, it is, again, the gross revenue that. Get in touch for a free detailed ROI Analysis and Demo. Much like Ruby Lane, Etsy caters to more of a niche market than that of eBay or Amazon. Best fit with ACH only needs and the potential for enough users to offset large monthly fees. Intro: Business Solution Upgrading Challenges; Payment System Integration; Migrating from One Processor to Another; Legacy System ReplacementArticle September, 2023. Vantiv would be one option. Embedded experiences that give you more user adoption and revenue. It includes an onboarding gateway for merchants with different. A payfac is a platform that intermediates payments between consumers, payment operators (card operators, banks, PSPs, etc. They’re more than just a payment provider. I/C Plus 0. 3 percent and 10 cents (interchange plus pricing plan) Your revenues – (0. Where becoming a PayFac could take as long as two years and cost millions of dollars to. ), and merchants. The best person to handle your PayFac’s risk. Our APIs enable you to build and scale end-to-end payments experiences, from instant onboarding to global payouts, and create new revenue streams—all while having Stripe handle payments KYC. OLB is a leading platform delivered on the SaaS model. What is a PayFac platform? A PayFac platform refers to the technology, tools, and services offered by a Payment Facilitator (PayFac) to enable and manage. Avoid the slow, manual sub-merchant onboarding with other payfac solutions, and offload your payments compliance obligations to Stripe. Some of the best online learning platforms include LearnWorlds, Coursera, Skillshare, Udemy, Docebo, Edx, Moodle, Teachable, and Thinkific. Join 99,000+. Understanding the Payment Facilitator model. The Stripe payfac-as-a-service solution is designed to help platforms drive revenue by fully embedding payments, among other financial services, into their software. However, one thing to keep in mind is that there’s no authorization layer with. Software platforms leveraging BlueSnap’s Embedded Payments and Payfac-as-a-Service solutions can build more meaningful revenue streams because of the ability to profit from payments revenue as. Find the highest rated Payment Facilitation (PayFac) platforms that integrate with BigCommerce pricing, reviews, free demos, trials, and more. Design the interactions that make the platform successful. Looking for the best payment processing services? Contact us today! We provide the best services for merchants as well as nonprofits. Transfer funds instantly to cards or directly to bank accounts. It can bridge gaps between multiple solutions and even extend. 1. 1- Partner with a PayFac platform that offers an ACH option. Charles Schwab - Best for ETFs Trades. 01274 649 893. 01274 649 895. If you need to contact us you can by email: support. How do payfacs work? Payment gateway. First, a PayFac needs to establish a partnership with an acquiring bank, and get sponsorship to process payments for sub-merchants. On U. PayFac-in-a-Box. S. or by phone: Australia - 1300 721 163. Please support Choosing the Right PayFac Platform: Key Factors to Consider. Essentially the platform acts as a master merchant account and is able to set up sub-accounts for end users. Essentially, a payfac is a company that allows its customers to accept electronic payments using their platform. Cons: Significant undertaking involving due diligence, compliance and costs. TD Ameritrade - Best Trading Platform for Educational Resources. View Platform. United States. A Payment Facilitator (PayFac) is a type of merchant services company that provides business owners with a way to accept electronic payments, both online and in-store. Integrate Evolve's payment service technology into your software platform and you can start offering your customers a seamless payments journey right away. We handle partial payments, automatic failed payment retry, and automatic payment recovery. A payment facilitator, also known as a “payfac” or payment aggregator, is a payment model that has grown tremendously over the past few years. Insiders. Non-members are mailed paper checks within 30 days after the close of the month in which the donations were made, per our Terms Of Use. Stripe. Here are nine myths about PayFac platforms that are rooted in that past and in an environment of fear, uncertainty, and doubt. A PayFac, or payment facilitator, was originally defined by Visa® and Mastercard® to describe the entity that is officially doing business with the card brands. On BetterHelp's Website. The Worldpay PayFac® experience goes the distance from boarding sub-merchants to collecting payments, reducing risk, and more. Tackling PayFac: 3 Questions all. 2 could very well involve companies hiring his firm to serve as PayFac. With a PayFac sub-account, the merchant doesn’t need to go through the. Uncomplicate your commerce. Read more. Payfac is a contracted Independent Sales Organisation (ISO), so they have the responsibility to manage their own sales agents and underwriters and adhere to the rules of the card associations. We provide a single point of integration with the world’s most popular payment methods. Grow your business with automated revenue and finance. Obtain PCI DSS Level 1 certification. History of payfacs. g. Traditional payfac solutions were popularized in the late 1990s as a way to help small- and medium-sized businesses accept online payments more easily. Payment Processing: BlueSnap is processor agnostic and provides integrations to all types of payment solutions from credit card payments, ACH, SEPA to wires. With PayFac-as-a-Service, you receive an instant upgrade to payments best practices. “I’m able to save 75% of someone’s salary, replace it with the cost of the. View Software. 05 per transaction + $6 per monthly active account. Email*. In this guide, we’ll explore what a payment facilitator (often abbreviated as payfac or PF) is, examine the considerations and costs of different types of payfac solutions, and identify the best ways to add payments to a platform or marketplace. Online Learning: Courses and Classes on SkillShare. Compare the best Payment Facilitation (PayFac) platforms in Europe, read reviews, and learn about pricing and free demos. MailerLite: Best for. Our PayOps platform allows payments companies, software providers and financial institutions to scale their payments operations and have total ownership of their payments. Talk to our sales team, request a demo, or get technical support. We handle partial payments, automatic failed payment retry, and automatic payment recovery. UniPay Gateway is the leading Omnichannel payment processing and management solution for PayFacs, Saas and equity firms operating worldwide. Send on-demand and scheduled payouts to users. Stripe builds the. A team of global experts delivering the future of commerce. Marketplaces and payment facilitators are just two of the ways the payments system has evolved to meet this gap in service availability. On. The Stripe payfac solution, which enables platforms to move faster to embed and monetize payments and whitelabel other financial services such as issuing cards and loans. Revenue Share*. About us. Stax all-in-one platform goes beyond payments with powerful tools that move your business forward. 5M Revenue, $281M Paid to Partners, 12K Degree Students. A remittance service provider is an individual, business or organisation that accepts instructions from customers to transfer money or property to a recipient. For instance, our PayFac platform has increased the number of Independent Software Vendors (ISVs) under contract, especially in the targeted healthcare, utility and similar bill-centric industriesPayment technology evolves quickly; you need a partner that stays ahead of the curve. News. Instead of each individual business needing to set up its own merchant account, a process that can be time-consuming, the payfac effectively “rents out” merchant account functionality under its. Robinhood is an efficient options trading platform that captures a spot as both one of the cheapest and one of the best options brokers. Traditional payfac solutions were popularized in the late 1990s as a way to help small- and medium-sized businesses accept online payments more easily. New Zealand -. Recurly is a payment processing platform that gives businesses control over their subscription billing and payments. We handle checkout so you can focus more of your development efforts on other parts of your product. What is a payment facilitator (payfac)? A payment facilitator (payfac) is a type of merchant services provider that simplifies the payment process for businesses. The payment facilitator model was created as a way of streamlining business’ processes in a way that would allow them to accept electronic. The failures of Silicon Valley Bank (SVB) in March of 2023 and First Republic in May jolted the banking industry—and consumer confidence. We handle partial payments, automatic failed payment retry, and automatic payment recovery. Let’s discuss the most common marketplaces and platforms. By bringing payments in-house, platforms can create new revenue streams from transaction fees, significantly boosting revenue per customer. Peacock's Black Friday deal discounts the streaming platform's confusingly named Premium tier, which does not offer ad-free streaming, to $2 per month for 12. Essentially PayFacs provide the full infrastructure for another. Learn everything you could possibly want about PayFac-as-a-Service and embedded payments. Take control of compliance. In essence, you need a unified centralized API to onboard merchants, process crypto payments for them, and generate informative merchant statements. In the last few years, the concept of “PayFac-in-a-Box” has emerged as a path for B2B software companies to become registered payment facilitation providers for less time and money than it would take for them to do it on their own. When you enter this partnership, you’ll be building out systems. A typical promising platform may be best served by a payfac-alternative model. This Black Friday, save on memberships with streaming platforms like Hulu, Netflix, Amazon Prime TV, Peacock, and MAX watch your favorite shows, movies,. The Best Blogging Platforms of 2023. A PayFac will smooth the path. S. Benefits and criticisms of BNPL have emerged on several fronts. The Stripe payfac solution, which enables platforms to move faster to embed and monetize payments and whitelabel other financial services such as issuing cards and loans. Payment Processing: BlueSnap is processor agnostic and provides integrations to all types of payment solutions from credit card payments, ACH, SEPA to wires. Stripe. 99) Gamegenic Sidekick 100+ XL Convertible Deck Box (green) is $14. Our intuitive APIs and developer-friendly guides make integration a breeze, minimizing any business disruptions. The Stripe payfac solution, which enables platforms to move faster to embed and monetize payments and whitelabel other financial services such as issuing cards and loans. What SaaS & E-commerce Companies Need to Know About Payment Facilitator Regulations, and what key regulations. It’s also one. For the. as more and more platforms and acquirers look to offer PayFac programs, it’s becoming more accessible than ever. Payment Processors Which PSP work with fintech and trading verticals? what do they offer? find all here uEnjoy优享 B2BinPay Find more PayFac Model Serving Merchants For starters, the. History of payfacs. A tale which. 0417. Reviews and Ratings Write a Review. Business Integrations. Stripe. PayFac vs. More importantly, merchants that use those platforms do not need a direct relationship with a payment gateway or the acquiring bank. Payrix Description. Transaction Settlement. “In addition, the capabilities that both EpicPay and CMS bring to the business are best-in-class. There are advantages and disadvantages to using an ACH payment facilitator. Payrix. ISOs often provide a range of services, including equipment sales or leasing—for example, point-of-sale (POS) terminals —transaction processing, and customer service. This sounds complicated, but at the most basic level, a payments facilitator is a way of outsourcing part of your business to an intermediary contractor. BlueSnap's All in-One Accounts Receivable Automation solution is the best rated software solution for payment processing, billing/invoicing, recurring billing, and subscription management. Payment facilitation helps you monetize. Embed, monitor, and monetize merchant payments with Tilled PayFac-as-a-Service. FIGURE 6: SaaS Provider & Platforms – Observed PayFac Model Progression Journeys . 5. For the FedNow. Find the highest rated Payment Facilitation (PayFac) platforms pricing, reviews, free demos, trials, and more. Best Reporting in the Industry. PayFac's more sophisticated solutions allow platforms to scale faster by integrating and monetizing payments, and white labeling other financial services such as issuing cards and approving loans. 3 Ratings. Are processing any amount in total payments volume (TPV)—from $0 to over $1B. 01274 649 893. Post a job About Us. Fortis manages everything for you – underwriting, fraud monitoring, funding, gateway reporting, and chargeback management. only. The choice between a PayFac and a payment processor depends on your business needs, industry, and desired level of support. A PayFac’s acquirer bank is ultimately responsible for compliance with the various payments and money transmission regulations, managing. PayFacs are generally more suitable for smaller businesses or those looking for a streamlined, integrated payment platform with faster funding times. By David Willey, BenzingaA PayFac is the official merchant of record with the major card brands such as Visa and Mastercard and holds the relationship with the acquiring bank. S. 11 Best Trading Apps In India for November 2023. Thus, an ISO’s customers can access a wider range of processors, even if the onboarding experience is tedious. Billing and Invoicing: Create stunning invoices using our powerful invoice editor, which is integrated into your accounting system. . 9% + 30¢ per charge. We provide that capability to them in a singular. At Revision Legal, we protect businesses that thrive online, and understand the connections between law, technology, and business. Strategies. Shifting perspectives to view the PayFac experience from the merchant’s point of view is critical to understanding the audience that is going to be looking. E*TRADE. 2. Titan Fitness Deadlift Platform. Standard. 2 Acquirer Licensing 157 2. Predict profit confidently with robust reports generated easily from real-time financial information and vast historical data. S. An example would be a SaaS platform that provides plumbers and home service providers an application that help them. Museum - Salary - Get a free salary comparison based on job title, skills, experience and education. $35/user/month. Find the highest rated Payment Facilitation (PayFac) platforms with a Free Trial pricing, reviews, free demos, trials, and more. Hosted Checkout. Strategies. , invoicing. With Fortis’ PayFac solution, software developers and merchants can leverage award-winning APIs and leading payment technology to scale their business. Find the highest rated Government Payment Facilitation (PayFac) platforms pricing, reviews, free demos, trials, and more. "The platform is so flexible and layers on top of existing infrastructure if needed. The payfac model has catapulted into the mainstream, thanks to payments disruptors like PayPal, Square, and Stripe. Find out what is required and apply for this job on Jobgether. PayFacs are based on the merchant aggregator model created by Visa and MasterCard to provide support for payment card acceptance in marketplaces. 9% and 30 cent processing fee. There are numerous PayFac-as-a-service benefits. Estimated costs depend on average sale amount and type of card usage. At Jonas Software, we have long realized that our greatest asset is our employee base. Stripe Connect is the fastest and easiest way to integrate payments into your platform or marketplace. Traditional payfac solutions were popularized in the late 1990s as a way to help small- and medium-sized businesses accept online payments more easily. 3 Ratings. The Stripe payfac-as-a-service solution is designed to help platforms drive revenue by fully embedding payments, among other financial. Technology platforms and e-commerce marketplaces assist merchants with accepting online payments by providing ditigal services for companies in various industries. Embed financial services in your platform or product. Payments infrastructure for smarter, faster processing. These materials and best practice . Where becoming a PayFac could take as long as two years and cost millions of dollars to. Pricing. 2. 6. Unlike payfacs, ISOs set up individual merchant accounts for each business they service. A payment facilitator (or PayFac) is a payment service provider for merchants. Payments . Please support Choosing the Right PayFac Platform: Key Factors to Consider. 07% + $0. 1 Membership 156 2. The Best Email Marketing Software of 2023. REPAY combines the best, established solutions with our extensive network of integrations enabling clients to quickly accept and make payments, all from a single platform. Instant merchant underwriting and onboarding. Let’s discuss the most common marketplaces and platforms. "The platform is so flexible and layers on top of existing infrastructure if needed. More. Business payments. Implementation of PayFac model creates a new revenue stream and, thus, increases the bottom-line annual revenue of the company, leading to valuation growth. Faster onboarding. 3 Ratings. TOP 100 flex employers verified employers. EdX is one of the largest MOOC platform in the world, with more than 46 million learners. GETTRX's PayFac-as-a-Service allows SaaS platforms and ISVs to lower customer acquisition costs, and increase customer engagement. We obsessively seek out elegant, composable abstractions that enable robust, scalable, flexible integrations. Optimize your finances and increase automation with our banking infrastructure. History of payfacs. Facebook is the largest social media platform in the world. In the last few years, the concept of “PayFac-in-a-Box” has emerged as a path for B2B software companies to become registered payment facilitation providers for less time and money than it would take for them to do it on their own. Tons of experience. Please support Choosing the Right PayFac Platform: Key Factors to Consider. Stax’ platform provides businesses and SaaS platforms the ability to manage their payment ecosystem, analyze data, and simplify their customer experience through fully integrated solutions. A single PayFac-as-a-Service solution gives your bank the ability to help your SMB clients reach their objectives by: Retaining more customers – Keeping up with the current payment acceptance solutions ensures your SMB client won’t lose its customers to other, more technologically advanced alternatives. Supports payment gateways and payment methods across the globe. RingCentral Video is its entry into the video conferencing market, and. Get the Guide. Banking-as-a-Service. A robust technology platform forms the foundation of the PayFac infrastructure. Find the top Payment Facilitation (PayFac) platforms for Lightspeed eCommerce in 2023 for your company. Our core technology is the Network Applications that enables users. WordPress: Best for customization. The Stripe payfac solution, which enables platforms to move faster to embed and monetize payments and whitelabel other financial services such as issuing cards and loans. We champion transparent pricing, and our clear fee structure lets you know precisely what you’re paying for. Because we eliminate needless complexity and extraneous details, you can get up and running with Stripe in just a couple of minutes. All the benefits of PayFac without all the costs. History of payfacs. Creating a false sense of urgency is a key element in the Fear Uncertainty Doubt (FUD) playbook. Infinicept’s PayOps™ platform provides the sponsorship and oversight tools you need to seamlessly run your payments program, without missing a beat as a best-in-class bank, acquirer or sponsor. A white-label payfac, also known as payfac-as-a-service, is a business model in which a company uses a third-party payfac platform to offer payment processing. (PayFac) Platforms. The Stripe payfac solution, which enables platforms to move faster to embed and monetize payments and whitelabel other financial services such as issuing cards and loans. Traditional payfac solutions were popularized in the late 1990s as a way to help small- and medium-sized businesses accept online payments more easily. Demo. (or payfac) with the card networks, since it was seen. View the job description, responsibilities and qualifications for this position. Implementation of PayFac model creates a new revenue stream and, thus, increases the bottom-line annual revenue of the company, leading to valuation growth. Our gateway-friendly platform integrates with software systems to provide seamless payment. Physical Cards. The PayFac aggregates transactions and sends them to its processor, keeping operations streamlined. CMC Markets - Excellent overall, best platform technology. Now software businesses can earn revenue by acting as a payment facilitator (PayFac) with Exact’s PayFac-as-a-Service (PFaaS) solution. 4 million Shopify stores in over 175 countries, making it one of the most popular online e-commerce store builders. But the model bears some drawbacks for the diverse swath of companies. The new standard for online payments. Saxo Bank - Best web-based trading platform. Essentially, a payfac is a company that allows its customers to accept electronic payments using their platform. (NASDAQ:USIO) certainly is, as it got to ring. That said, the PayFac is. Stax Connect is a unique payment ecosystem that allows for unparalleled portfolio growth via technology and payment monetization. The ASC 606 standard on revenue recognition demands that companies ask key questions: Who is my customer?We are hyper-focused on building the best payfac-as-a-service platform to help SaaS platforms… Liked by Justin Bouchard. 99 (was $39. Payment Processing: BlueSnap is processor agnostic and provides integrations to all types of payment solutions from credit card payments, ACH, SEPA to wires. Payrix Payrix is on a mission to be the global leader in embedded payments for vertical software businesses. We partner with companies of every shape and size, offering all the features and. Move and manage money. Traditional payfac solutions were popularized in the late 1990s as a way to help small- and medium-sized businesses accept online payments more easily. It indicates a way to close an interaction, or dismiss a notification. 1. Global Payments. 1. We handle partial payments, automatic failed payment retry, and automatic payment recovery. What is a PayFac? RB: A payments facilitator (or PayFac) allows anyone who wants to offer merchant services on a sub-merchant platform. Article September, 2023. Pros and cons of PayFac platforms There are advantages and disadvantages to using an ACH payment facilitator. A payment facilitator (PayFac) is a merchant services business that sets up electronic payment and processing services for business owners, so they can accept electronic payments online or in-person. A PayFac utilizes online tools to onboard its merchant clients and underwrite risk. Return to home page. Fortis also. 1. Find the highest rated Payment Facilitation (PayFac) platforms in the. An example would be a SaaS platform that provides plumbers and home service providers an application that help them. , invoicing. This registration allows us to support software platforms that: Want to go live in days rather than months. In contrast, PayFacs have one or two processor relationships and onboard ISVs as referral agents. It is when a business is set up as a primary merchant account and provides payment processing to its sub-merchants. While card payment remains the top option for retail businesses, ACH processing is increasingly popular for service-oriented businesses operating online. Out-Of-The Box Payments Compliance. Apply now! Learn more. Stripe is the best software platform for running an internet business. Put our half century of payment expertise to work for you. History of payfacs. This platform offers a solid range of coins with very competitive trading fees. Usio is headquartered at 3611 Paesanos Pkwy #300, San Antonio, Texas 78231. Stripe is the best software platform for running an internet business. But, he noted, the software firms themselves have a much more vested interest in outsourcing the. That is, the SaaS, shopping cart, or PayFac platform needs a mechanism to Today the company processes >1 billion transactions and $130bn+ in annual payment volume for prominent customers, including Fiserv, Ordway, Cineplex, Allianz, Levi’s, and Carfax. The Stripe payfac solution, which enables platforms to move faster to embed and monetize payments and whitelabel other financial services such as issuing cards and loans. To empower this freedom, payfac partners should be offering total visibility into underwriting and risk staging so software platforms can feel comfortable and secure in each stage of the embedded. TD Ameritrade became a subsidiary of Charles Schwab Corp. CHAPTER 2: RISKS AND REWARDS. Flex your solution, improve your margins. Commission-free options trading round out a feature set to. Payfacs are registered independent sales organizations (ISOs) that have been sponsored by an acquiring bank. Explore the full list below. History of payfacs. The PayFac model brings SaaS companies the incredible benefits of payment monetization along with merchant-friendly payment features that increase client satisfaction. Unlike traditional PayFacs, no capital investment is required. 2. The PSG* is the master PayFac. Traditional payfac solutions were popularized in the late 1990s as a way to help small- and medium-sized businesses accept online payments more easily. Find a payment facilitator registered with Mastercard. Compare the best Payment Facilitation (PayFac) platforms in the UK of 2023 for your business. . Kraken is one of the oldest U. This is a great webinar for any organization that needs to comply with the new Nacha data security requirements that apply to #ACH account data accepted…Best Practices. The PayFac is liable for processing the accounts of their sponsored merchants and often offer additional features like transaction processing support, new account underwriting review, transaction. Payfactory, a fintech payment facilitator for software platforms, has announced a growth investment from Bluefin, the recognized integrated payments leader in P2PE encryption and vaultless tokenization technologies that. To put it simply, a PayFac is a service provider specifically for merchants.