Payment facilitators, or PayFacs, have become a significant element in the payments ecosystem, enabling businesses to simplify how they accept electronic payments. Hybrid PayFac Providers (H PF Providers) emerge as an intermediate solution offering the benefits of a full PayFac model with the flexibility suitable for businesses not ready to manage the full spectrum of […]
If you’ve considered becoming a Payment Facilitator (PayFac) for your SaaS customer base, you’re familiar with the term “KYC,” or Know Your Customer. As the payment processing industry continues its trend of explosive growth, however, KYC might be more accurately termed “CYA.”
EXECUTIVE SUMMARY SaaS platforms and Software vendors have a unique opportunity. Whether you already offer some type of payment collectionoption or have an application that has the potential to leverage payments there has never been a better time to explore your options.
So you want to be a PayFac? The 1 question you must answer 
If you’ve considered becoming a Payment Facilitator (PayFac) for your SaaS customer base, you’re familiar with the term “KYC,” or Know Your Customer. As the payment processing industry continues its trend of explosive growth, however, KYC might be more accurately termed “CYA.” 
EXECUTIVE SUMMARY SaaS platforms and Software vendors have a unique opportunity. Whether you already offer some type of payment collectionoption or have an application that has the potential to leverage payments there has never been a better time to explore your options.