And if you’re looking into international transactions, Zelle isn’t an option at all, while PayPal’s considerable fee schedule may encourage you to look elsewhere. For example, an artisan who sells handmade jewelry online may find the process of setting up their own merchant account daunting or unnecessary, given their lower transaction volume. . To accept online card payments, you need to work with each of these players (either via a single payment service provider or by building your own integrations). Their primary service is payment processing – the ability to accept electronic payments via debit and credit card. Afterpay online payments. A PayFac collects minimal data up front and supplements it with other real-time data to get merchants up and running, literally, in minutes. A payment facilitator (payfac) is a service provider for businesses that simplifies the merchant-account enrollment process. leveraging Payfac Lite or Full Payfac operating models, though smaller ISVs still often use a referral model given the complexity of taking on more payments ownership. Start your full commerce journey Get started today. We would like to show you a description here but the site won’t allow us. . View Software. Your revenues – (0. It can bridge gaps between multiple solutions and even extend them easily to partners and clients through customizable branding. Exact handles the heavy lifting of payment operations so software businesses can grow their revenue and valuation while improving product stickiness and customer satisfaction. From busy baristas brewing cuppas in cafes, to expanding enterprises looking for faster terminals with flexible contracts, we make payments work for your business. Our integrated payment facilitator technology allows merchants to launch in minutes. Episode 8 of NMI's Payment Playbook podcast is live! Join us to hear from the Director of Product Management for Agreement Express (an NMI company), Darryl Cumming. FBO Accounts. A good customer resource management platform provides advanced merchant reporting and analytics, enabling ISOs/MSPs to maintain a higher level of awareness over each of their merchants’ operations, successes, and failures. 8%, but FedNow Unaffected. 处理来自客户的信用卡数据的准入，即安全地收集和传输敏感的信用卡信息. Understanding the Future of Individual Giving. BlueSnap Payment Services Ltd. Stripe is the best software platform for running an internet business. Turning the card, PayFac continues to generate strong growth, 27% for the quarter, as Greg will discuss, it's been a busy quarter of increasing penetration with existing ISVs, implementing new ISVs and building a strong pipeline, including three significant new opportunities which we are aggressively targeting. Clearly Payments. Payment Processing: BlueSnap is processor agnostic and provides integrations to all types of payment solutions from credit card payments, ACH, SEPA to wires. Also known as a “PayFac” or merchant aggregator, a payment facilitator is a third party agent that contracts with an acquirer to THE ACQUIRER A Visa Client licensed to provide card acceptance services. Research firm Statista estimates payfac transaction volume totaled $88 billion last year, and is. NMI is a leading global payment enablement platform, processing more than $180 billion in payments annually. Improve acquisition, usage and activation with instant money movement. You do not need to handle or store any payment details, thereby lowering PCI compliance costs. Businesses that process more than $80,000 in sales per month may qualify for discounted rates. • It operates in a highly competitive segment with many big players. Let’s examine the key differences between payment gateways and payment aggregators below. What it Means: When a customer demands a chargeback, that money isn’t drawn directly from the merchant’s account. NMI’s ISO payment gateway offers the features and services. In the same way that cloud computing services democratized the ability to launch software products, integrated payment solutions are making it possible for SaaS companies to become payfacs, without taking on the huge capital expenditure. For our enterprise merchants, we introduced several new Carat capabilities last PayFac Service and Support: Growing a large, stable portfolio of residuals requires constantly bringing in new merchants, but it also requires keeping the top producing merchants happy. BC Ferry: Washington - Bellingham - Victoria - British Columbia Travel and Adventure Vacations. Enable customers to easily send money to family and friends - anywhere, anytime. By allowing submerchants to begin accepting electronic. ISOs are an exceptionally important part of the payments ecosystem, serving a critical role that supports both their processing partners and their merchants. NMI’s FACe technology allows ISVs to reduce overhead by removing the expense associated with creating their own Pay-Fac functionality. Compare the best Payment Facilitation (PayFac) platforms in India of 2023 for your business. OneBill has been helping SMBs, SMEs, and large enterprises to reduce billing errors, compliance risk and drive greater efficiency with an end-to-end billing and revenue management solution fully integrated with some of the world’s leading solutions. Payfac® lite (aka managed Payfac or Payfac-as-a-Service) Shared risk model; Payment facilitator sponsorship; Provide a fresh tech stack to support the needs of software / ISV partners as your primary channel partners (the acronym ISV, which stands for “independent software vendor,” is often used for software providers). Find the top Payment Facilitation (PayFac) platforms in 2023 for your company. 2. (3350 Ratings) The new standard in online payments. A nautical mile is based on the circumference of the Earth and is used by sea and air navigators. But the cost and time investment involved means that any company considering the option should. This relationship ultimately allows them to get registered as a payment facilitator, begin onboarding new customers, and allows those customers to begin accepting payments. An ISO is a company that resells merchant services on behalf of its payment processing partners. One pivotal player in this evolution is the payment facilitator—a concept that has reshaped the way businesses handle payments, making transactions accessible to businesses, smoother, and more efficient. Payment facilitators, or PayFacs, is a single merchant ID (MID) with a payment service provider and board ‘sub-merchants’ under their own MID, essentially acting as one large merchant account. Put our half century of payment expertise to work for you. A payment processor serves as the technical arm of a merchant acquirer. Software is available to help automate database checks and flag suspicious findings for further examination by a human. Paya ACH and Agreement Express, an NMI company, have teamed up to deliver a better merchant onboarding experience to partners. Protect your sellers from fraud, and increased costs – with the ACME fraud shield. Braintree became a payfac. com. FortisPay Doubles Down on Integrated Commerce Acquiring EpicPay and Change Merchant Solutions. That. Payment facilitators often take advantage of technology to streamline this process, making a seller’s path to accepting payments much faster. A PayFac will fall in the middle of this spectrum, providing payment processing services using sub-merchant accounts. We cover the regulations and compliance checks such as KYC & AML. Braintree pricing. . Once a sub-merchant has been through the onboarding process it is down to the PayFac to control payments adhering to the rules. Payment processors work in the background, sitting between PayFac’s sub-merchants and the card networks. Additionally, PayFac-as-a-service providers offer increased security measures. PayFac-as-a-Service allows B2B software companies to enjoy all the benefits of becoming a Payment Facilitator without any of the hard work or upfront investment. On-core Accounts. Full commerce is the future — we get you there now. Nazarene Compassionate Ministries, Inc. This allows you to leverage the brand of your payment service provider. Funds are gathered under an umbrella account “for the benefit of” end-users. The payments experience is fundamentally shifting as software developers and new, tech-driven business models . Co-Founder and Chief Executive Officer. Fattmerchant’s Omni Connect offering provides ISVs a fully integrated, end-to-end PayFac experience and merchant portfolio management through a single API. Their installation is virtually automatic. Prepaid business is another quality business that is growing 20%, worth $2. Until recently, SoftPOS systems didn’t enable PINs to be inputted. gregus@paysafe. Release Summary. 852 = nautical miles Calculations: 25 km ÷ 1. Today, instead of software providers depending on ISOs for payment processing, many become ISOs themselves. Integrated Payments 1. This is especially important—and potentially complex—for SaaS companies considering payfac-as-a-service. Our payment solutions are designed for performance and reliability, supporting over 10,000 merchant clients and delivering 99. PayFac business is high-quality and growing >60%, worth $6/share today and $24/share in 2027. 28), and fourth quarter Adjusted EPS decreased 11% to $1. This series, “Just the FACs,” tracks the development and progression of ISVs and PayFacs. We’ll help you bring your payfac experience to market fast, with operational readiness and tools for your payments strategy. FortisPay Doubles Down on Integrated Commerce Acquiring EpicPay and Change Merchant Solutions. Compare the best Payment Facilitation (PayFac) platforms of 2023 for your business. 0. Whether easy, complex or somewhere in between, we’ve got you. We handle billions of dollars every year for forward. A payment facilitator (payfac) is a service provider for businesses that simplifies the merchant-account enrollment process. Want to increase your revenue and business valuation? Trusted and Recognized by: "The platform is so flexible and layers on top of existing infrastructure if needed. Manage Your Payments. Public Sector Support. Paya is the partner you can trust to make it easier to drive revenue and retention with market-leading ACH and check products and services. NMI By signing up with NMI as a reseller, you can offer your merchants complete payment solutions that enable them to begin selling right away; Authorize. 3 weeks ago. Payment facilitation helps you monetize. With Payrix Pro, you can experience the growth you deserve without the growing pains. These PayFac-in-a-box models are also intelligently priced. 1 billion for 2021. Exact handles the heavy lifting of payment operations so software businesses can grow their revenue and valuation while improving product stickiness and customer satisfaction. VDOM DHTML tml>. Gateway Service Provider. - Fortis is a Payment Service Provider ("PSP"), not a bank, money transmitter, or Money Services Business ("MSB"), and we do not offer Payroc partners with NMI to provide a seamless payment experience for its ISVs, ISOs, and Payment Facilitators expanding to Canada. View Platform. To put it another way, PIN input serves as an extra layer of protection. Grow your revenue by offering more value to your merchants using NMI’s full commerce enablement platform. Wait a moment and try again. A payfac is a type of payment aggregator, but it typically provides a more comprehensive suite of services. In our hypothetical above, a vertical SaaS company that adds, or even embeds, financial products, can potentially 5x the revenue per customer from the $200/month software spend to the full $1000/month for. Settlement must be directly from the sponsor to the merchant. Generally, every credit. Continuous Connectivity. In this podcast, Darryl. It parallels the ISO model but with some key differences. Transaction Monitoring. They typically work with a variety of acquiring banks, using those relationships to "resell" merchant accounts to merchants. 6638. SwervePay. Caleb Avery Payfac-as-a-Service empowers software companies to create an embedded payments experience that is delightful, transparent, profitable, and stupid simple 😎Moov is a licensed Processor directly connected to each payment network, which is unique in our space. Then, when you factor in fraud and average transaction acceptance rates, the pool shrinks even more. Payfac-as-a-service is a turn-key payment facilitation model in which an external company provides businesses with the necessary tools and infrastructure to accept electronic payments, such as credit and debit cards, ACH, and echecks. . Compare the best Payment Facilitation (PayFac) platforms, read reviews, and learn about pricing and free demos. payment types. Get started today. The PayFac, he said, has emerged, and evolved from its 1990s underpinnings where merchant acquirers had handled that merchant enrollment, boarding, underwriting and even settlement. Article September, 2023. 3 Ratings. Click on the "Register" tab below to get started with TransLink; or if you're. Payment connections for ISOs. 传统上，由于其被视为会控制买家和卖家之间的资金流动，所以增加支付功能需要一个平台或交易市场在卡组织那里注册并保持支付提供商（或 payfac）身份。如今，在不成为支付提供商的情况下，也能够轻松添加大多数平台和交易市场所需的支付功能。 支付网关A few weeks ago, NMI's Payment Playbook host Greg Myers sat down with Inktavo CEO James Armijo to talk about all things embedded payments. The MoR is responsible for processing customer payments on behalf of the business, taking on numerous legal and. Your homebase for all payment activity. Powerful payment solutions for businesses of all sizes. Renew payfac registration and licenses: Re-register as a payfac with card networks annually, and update or renew MTLs on the required cadence. Accordingly McKinsey thinks ATMs will decline at 6% a year through 2025. Payments is a hidden, festering cancer of a solution, so payments companies can – and too often do – charge whatever they want, and the merchant has no idea what they’re paying. Media. We enable payments for over 3,200 partners and over 260,000 merchants around the world and across the entire commerce ecosystem: online, in-app, mobile, in-store, unattended and whatever. (Lenexa, KS) NCMI. It eliminates the traditionally long account setup process that requires multiple steps, including a merchant application followed by a risk and underwriting assessment and supporting business documentation amongst other. NMI’s FACe technology allows ISVs to reduce overhead by removing the expense associated with creating their own Pay-Fac functionality. Find the highest rated Payment Facilitation (PayFac) platforms pricing, reviews, free demos, trials, and more. Discover flexible, scalable solutions that fuel your growth and transform the payments experience to delight your customers. PayFac-as-a-Service; Pricing. GETTRX’s Zero and Flat Rate packages offer transparent billing, competitive rates, and industry-leading customer service, making them ideal choices for businesses seeking a seamless payment experience. ), and merchants. IRIS CRM enables agents to sign merchants up for payment gateway services through NMI, along with NMI’s full suite of value-added services. A payment facilitator is a company that allows their customers to accept electronic payments using the payment facilitator’s infrastructure. In this video, Natasha walks through how to set up your NMI payment gateway and highlights some important tools you can use to monitor. Payment facilitators (PayFacs) are companies that provide merchant services to businesses in various industries. com. 60 Crores. It makes everything from prospecting to. We are the hub of activity for financial institutions, networks, payments companies, fintechs, and technology innovators. View Software. By partnering with Stax, you can avoid the added costs and complexities of becoming a payfac. See our complete list of APIs. Exact handles the heavy. 6. An ISO, or independent sales organization, is a company that resells payment services to merchants on behalf of a payment processor or acquiring bank. gregus@paysafe. It is possible for a payment processor to perform payment facilitation in-house. November October September August July June May April March. 82. As a result. Messages. Step 2: Segment your customers. 916. Firstly, a payment aggregator is a financial organization that offers. The bank may request more detailed KYC data. NMI Lisa Puchalski, 847-352-4850 x151 Director of Marketing marketing@nmi. Payfacs work by having a master merchant account (and a master MID) through its relationship with acquiring banks. As a critical element of our end-to-end telemedicine technology, Usio’s PayFac-in-a-Box solution simplifies the payment process, enabling the professionals we serve to focus on the delivery of. This was an increase of 19% over 2020, with. 1. Next, let's look at an example showing the work and calculations that are involved in converting from kilometers to nautical miles (km to nmi). 847. Access raw data and view trends on individual giving and donor behavior. 847. A PayFac, or payment facilitator, is a merchant services model that streamlines the merchant account enrollment process by onboarding a merchant as a sub-account under the PayFac’s master account. Independent sales organizations are a key component of the overall payments ecosystem. Once a recipient’s Digital Check arrives in their. Global expansion. 303. These devices are ideal for high-volume retail operations that need advanced features like signature capture and multimedia advertising displays. , or NMI, is a payment gateway service that provides processing for high risk merchant accounts. e. FBO accounts, on the other hand, allow for more customization but demand more from the company maintaining the account. 75 million seed funding round from a mix of local and national investors while. “A payments facilitator (or PayFac) allows anyone who wants to offer merchant services on a sub-merchant platform. ETA is where the payments technology world does business, gets educated, engages in policy advocacy, and invents the future of commerce. Payfac: A payfac operates under a master merchant account, and creates subaccounts for each business it services. But, we see a rapid rise of the deployment of Payfac Lite operating models where thePayFac or payment facilitator model allows you to add a new revenue stream to the profit you get from selling your core product. Avoid the slow, manual sub-merchant onboarding with other payfac solutions, and offload your payments compliance obligations to Stripe. PayFacs can also provide sub-merchants with a wide variety of value-added services from NMI’s app marketplace, improving the. What ISOs Do. 10 Ratings. Fast, customizable portals, customer onboarding, and. In episode 5 of NMI's Payments Playbook, Leaders in Payments podcast host Greg Myers sat down with Maast Chief Product Officer Ernie Moran to discuss the convergence of software and financial. a merchant to a bank, a PayFac owns the full client experience. They act as a middle layer between merchants and processors, allowing a small handful of major payment processors worldwide to. Renew payfac registration and licenses: Re-register as a payfac with card networks annually, and update or renew MTLs on the required cadence. Exact Payments handles the heavy lifting for payment operations, allowing software businesses to grow their revenue, valuation and improve product stickiness while increasing customer. This end-to-end online solution completely rids the payment process of a paper-trail. Block 1, Blanchardstown Corporate Park, Dublin 15, D15 AKK1. While an ISO technically only needs one processing partner to operate, generally speaking, ISOs work with half a dozen or more processors in order to maximize the options they can provide to merchants. , May 26, 2021 – Fortis Payment Systems, LLC (FortisPay), a payment technology leader for businesses, independent software vendors (ISVs), and developers, announced today the acquisition of EpicPay International, LLC (EpicPay), an award. Payment Facilitation-as-a-Service. These payfac enablers generally do not focus on end. One FTE is sufficient until $250M in processing volume, then you’d need to add more bodies. Our suite of tools and services offers a choice of funding options, settlement, revenue generation, and risk management capabilities for payment facilitators. 5 billion, with a 2x growth in user base. Find a payment facilitator registered with Mastercard. NMI Lisa Puchalski, 847-352-4850 x151 Director of Marketing marketing@nmi. Whether you're an ISO (independent sales organization), ISV (independent sales organization), PayFac (payment facilitator), Bank or anyone else in the industry, this whitepaper is a must-read if you’re looking to maximize your payment capabilities and build a strong partnership with your payments provider. ArchivesHere at Payrix, our priority is to provide a seamless payments experience for all our customers. This process prevents your company from having to apply for a MID, as you will be under the PayFac's master MID. Compare price, features, and reviews of the software side-by-side to make the best choice for your business. ETA is payments technology. Here’s how a payfac-as-a-service solution will boost your revenues: You charge – 2. PSPs, including PayFacs, are entities, to which acquiring banks and payment network providers delegate merchant lifecycle management functions in. Nick Starai of gateway tech company NMI told. In between, there are overhead costs associated with moving those funds around. Exact Payments handles the heavy lifting for payment operations, allowing software businesses to grow their revenue, valuation and improve product stickiness while increasing customer. Embedded digital payments for businesses to pay and get paid. In other cases, they opt for a newer option – the PayFac model. NOVI, MI. On the one hand, these services unlock purchasing power, helping customers manage their finances. With disruptors appearing everywhere in the payments ecosystem, staying ahead of the curve requires providing more than just merchant accounts and payment processing. Often you don’t. The second type is a more modern, technology-first payfac solution from a commerce provider like Stripe. PayFac Dynamic Payout Same Day Funding FAQs Frequently asked questions on same day funding transaction types available in the Dynamic Payout funding model. 安全地存储数据，这在 PCI 标准的 12 个安全域中有所概述，例如加密、持续监控和对支付卡数据的. Payfacs work by having a master merchant account (and a master MID) through its relationship with acquiring banks. Infinicept’s Best In Class Underwriting And Boarding Capabilities To Complement NMI’s Powerful Facilitator Enablement (FACe) Platform LAS VEGAS – May 10, 2017 – Payments technology. 60 crores via IPO. All from a single payment gateway platform. “FinTech companies — PayPal, Square, Stripe, WePay. Renew payfac registration and licenses: Re-register as a payfac with card networks annually, and update or renew MTLs on the required cadence. Contact our Internet Attorneys with the form on this page or call us at 855-473-8474. Fed to Raise Payment Services Prices 1. Your portfolio of solutions is about to get stronger. Solid Payments in 2023 by cost, reviews, features, integrations, deployment, target market, support options, trial offers, training options, years in business, region, and more using the chart below. 1w Report this post What's the difference between a payment facilitator (PayFac) and an independent sales organization (ISO)? PayFacs and ISOs fill very similar roles in the. What is a payment facilitator (PayFac)? Essentially, PayFacs use the acquiring license of another company to provide payment services to sub-merchants. This article is part of Bain's report on Buy Now, Pay Later in the UK. Restaurant-Grade Hardware. Link your cards and start saving. One of the main advantages of market research outsourcing is the ability to access the most up-to-date consumer insights, sustainability market research tools, and technologies, giving your organization a significant competitive advantage. You can also use this nautical mile calculator to calculate the traveled distance based on vessel speed and. Crypto. ·. The ISO is an intermediary signing up the merchants for the acquirer’s payment processing services. All ISOs are not the same, however. View benefits. [email protected], just as seen in Europe, several PayFac had thrown their hats into the payments ring and sought to simplify the path for merchants to offer a broader range of functionalities. Some ISOs also take an active role in facilitating payments. “A payments facilitator (or PayFac) allows anyone who wants to offer merchant services on a sub-merchant platform. ”. com. A payment facilitator or payfac is a service provider that affords small and medium-sized merchants the means to process debit or credit card payments more quickly, efficiently, and securely, allowing them more room to focus on their core business objectives. With companies like Stripe, Square and PayPal pioneering the payment facilitator or “PayFac” model, the era of Integrated Payments 2. Co-Founder and Chief Executive Officer. This was around the same time that NMI, the global payment platform, acquired IRIS. 9997. In contrast, PayFacs have one or two processor relationships and onboard ISVs as referral agents. A PayFac (payment facilitator) has a single account with. Deal will enable ISOs, ISVs & VARs to service. When PayFac became a buzzword among software platforms and the many businesses trying to sell to them, the meaning of the word started to blur. The Evolution of the PayFac In the rapidly changing landscape of modern commerce, the way we pay has undergone a remarkable transformation. This solution involves you partnering with either (1) an acquiring bank or (2) an acquirer and a payment facilitator vendor. Exact Payments handles the heavy lifting for payment operations, allowing software businesses to grow their revenue, valuation and improve product stickiness while increasing customer. BitOasis received its Financial Services Permission (FSP) from the Financial Services Regulatory Authority (FSRA) just in May this year. The launch of the platform has. The world of payment processing has its fair share of acronyms, and two of the most popular are PayFac (Payment Facilitator) and ISO (Independent Sales Organization). A payfac is a platform that intermediates payments between consumers, payment operators (card operators, banks, PSPs, etc. Most ISVs who contemplate becoming a PayFac are looking for a payments. Our highly skilled specialists take. Most important among those differences, PayFacs don’t issue each merchant. We help customers accept card payments, trade securely and get paid fast. Electronic Transactions Association (ETA) @ElecTranAssoc. With disruptors appearing everywhere in the payments ecosystem, staying ahead of the curve requires providing more than just merchant accounts and payment processing. when a financial institution endorses a Payment Facilitator (PayFac), PayFac’s sub-merchants can be registered under PayFac’s main Merchant Identification Number (MID). PayFacs are also responsible for most, if not all of the underwriting required. FinTech innovators love the payment facilitator (PayFac), a shift that WePay co-founder Rich Aberman outlined in Episode 1 of the Payment Facilitators series with Karen Webster, CEO of PYMNTS. Scaling alongside rapid growth: Expanding into a new region means accessing a new, untapped customer base. Payroc partners with NMI to provide a seamless payment experience for its ISVs, ISOs, and Payment Facilitators expanding to Canada. Start your full commerce journey Get started today. Accelerate your growth with instant. 01274 649 895. Donor Impact Data Hub. NMI is a leading global payment enablement platform. This table provides a summary of the Length or Distance units within their respective measurement systems. In this video, Natasha walks through how to set up your NMI payment gateway and highlights some important tools you can use to monitor your business's paymen. Create. Exact handles the heavy lifting of payment operations so software businesses can grow their revenue and valuation while improving product stickiness and customer satisfaction. However, they do not assume. NMI Integration. What is a PayFac (Payment Facilitator)? A Payment Facilitator (PayFac) is a third-party service that lets merchants accept various forms of non-cash payments like credit/debit cards or digital payments. That’s why we are constantly evolving our products and services to suit your needs and give you the best experience possible. ISOs are important because they represent. Let’s break this down. You may likely serve a diverse array of customers, from large enterprises to individuals on “freemium” plans. Global Electronic Technology approaches each customer relationship with the same degree of care and commitment we did when we started the company over thirty years ago. NMI’s ISO payment gateway offers the features and services. It also decreases go-to-market. Payfac-as-a-service is a turn-key payment facilitation model in which an external company provides businesses with the necessary tools and infrastructure to accept electronic payments, such as credit and debit cards, ACH, and echecks. Fourth quarter revenue grew 1%, and full-year 2022 revenue grew 5%. What SaaS & E-commerce Companies Need to Know About Payment Facilitator Regulations, and what key regulations. And with tools like the Dojo app, you can measure and manage your card payments from the palm of your hand. Here are some of the features: 1. 9% + 30¢. Become a PayFac with little or no IT resources. 65. Residuals are the small fractions of each transaction that go to independent sales organizations, PayFacs, and independent agents as compensation for the work they do and the important role they play in the industry. Cyntexa. [3] [4] TSYS is the largest third-party payment processor for issuing banks in North America, with a 40%. The merchant then must compile and submit what the card companies refer to as “compelling evidence” that the chargeback is invalid. As Verrillo noted, there are more than 200 unique PayFacs registered across the region — and they don’t all adhere to a. NMI using this comparison chart. June 3, 2021 by Caleb Avery. Authorize. The second type is a more modern, technology-first payfac solution from a commerce provider like Stripe. Digital and Retail Banking. We handle partial payments, automatic failed payment retry, and automatic payment recovery. 752. Fueling growth for your software payments. They aid those that want to embed payment services into their software to capture new. they can audit what they’re paying. Payment facilitators act as a middle layer in the payments industry, bridging the gap between merchants who need to. Freedom to grow on your own terms. The PayFac must properly follow KYC practices and correctly assess the sub-merchants as all transactions can be aggregated under a single merchant ID. May 31, 2023 at 9:52am. We provide tools, resources, and dedicated support—everything you need to succeed. JPMorgan Chase acquired WePay in 2017, connecting our fintech technology with the strength and security of the #1 merchant acquirer. Imagine having all your payment card transaction information, all in one place. To respond to a dispute, a merchant must determine the reason the dispute has been filed and how long they have to file a defense – both provided through the chargeback’s “reason code. More traditional solution providers such as NMI, ACI, Worldline, and Ingenico all now support payment orchestration. Learn more about Pay360 by Capita, a leader in integrated payment services & card processing for local government, retailers, gaming & ecommerce businesses.