This page was updated on:

02 Jul 2024 @ 08:02 PDT

1. PayFac fundamentals

The payments industry is witnessing rapid growth as technology and finance converge, leading to new, innovative models.

In this section, we explore the crucial roles of key stakeholders in the payment ecosystem while touching on the different evolving PayFac models. From traditional point-of-sale systems to online and mobile payments, we provide valuable insights to guide you through the underlying technologies driving the emergence of new payment instruments and channels.

A. Stakeholders

This section features two comprehensive whitepapers designed to expand your understanding of the actors in the payment ecosystem and their corresponding obligations and responsibilities.

Beyond the acquirer: Additional Visa acceptance entities

The following pages provide overviews of the requirements, obligations and responsibilities of the main entities, as identified and defined in the Visa ecosystem, which operate between—or on behalf of—the acquirer and seller.

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14 pages

The Visa payment facilitator model

This paper provides a snapshot of the responsibilities and eligibility requirements for participants in the payment facilitator model with Visa.

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2 pages

B. PayFac models

How integrating payments could benefit your business

In this paper, we discuss the reasons why payments could be a growth opportunity for you and look at four models for delivery.

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13 pages

C. Acceptance channels and methods

An overview of the emerging payments acceptance channels and instruments

This one-pager provides an overview of the emerging payments acceptance channels and instruments and highlights their significance for PayFacs.

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3 pages