PayFac-as-a-Service
Welcome to Cardstream’s
independent global PayFac-as-a-Service
Cardstream supports acquirers, PSPs, ISVs and ISOs with the new age of embedded payments and Payment Facilitation.
Our PFaaS platform goal is simple – increase the speed to revenue and reduce the risk for all.
Using our PFaaS
- Acquirers are able to activate new Payment Facilitators and channel partners within days, not months or more.
- Existing Payment Facilitators streamline operations by re-platforming without upfront capital costs.
- PSPs, ISVs and ISOs can rapidly embed payment acceptance, creating new revenue streams and capitalising on their merchant portfolios.
Whichever the model, new age Payment Facilitators can now onboard their own merchants within minutes and get to market within days.
As a PayFac operator, there are two modes – PayFac Connect™ and PayFac Core™.
PayFac Connect™
Provides our PSP, ISV, and ISO partners with a turnkey regulated solution to rapidly deploy their payments strategy and use Cardstream licences or those of our 60+ acquiring partner network
PayFac Core™
has been designed for regulated and licensed payments businesses that require full control to manage their acquiring business.
Whats inside the box
Everything you need to operate a PayFac – from KYC/AML onboarding and pricing to client-funds management and remittance. So much so, leading acquirers and schemes have adopted the platform.
Workflow driven automated rapid onboarding
Customised through unlimited drop and drag journeys
Electronic contracting
Both within the platform, via API, and external platforms
Multi-Payment Gateway Acceptance
Ecommerce and POS through multiple transaction gateways
Multiple Payment Methods
Card and Open Banking/Account-to-Account payments
Financial Risk Controls
Acquirer-grade functions to apply reserves and hold collateral
Transaction Monitoring
Real-Time logic and AI to mitigate unwanted activity
Real-Time compliance checking
Adhering to the regulator and scheme rules
Dispute Management
Chargeback processing via the platform or API
Reporting and Monitoring
On-demand and scheduled recurring reports
Fees, Commissions, Billing and Invoicing
Highly customisable billing and remuneration plans
Client Funds Safeguarding
Funds safeguarding management and regulatory reporting
Transaction Splits
Pre-settlement cross-platform account debits and credits
Settlement
Settlement delays, calendaring and automated remittance
Chanel Revenue and Risk Management
Bespoke flows to reward the channel as well as control risk exposure
Multi-tiered Branding
True to our white label approach, branding throughout the hierarchy
Portal and API access
Providing rapid deployment as well as fully embedded experiences
WhitePaper
Cardstram’s
Pay-Fac-as-a-Service
FAQs
Acquirer, scheme or distributor wanting to defend or disrupt a merchant base?
Industry statistics clearly show the quickest growing go-to-market initiatives include embedded payments, strong strategic partnerships, and payment facilitation.
As a traditional operator, you may well have a strong and sizeable merchant base, but aging technology and a congested product roadmap. Attrition by new-age payments solution providers is often a concern or near-term forecast risk. White labelling PFaaS will secure your industry position and limit merchant attrition.
As a new operator, disruption and rapid deployment is an option to consider. Setting up as a financial institution or principal member comes with plenty of overhead. Using a turnkey PFaaS provider’s a rapid route to a profitable and desirable market.
Acquirer and concerned about PayFac oversight?
All acquirers will be concerned about how they PayFac channel actually operates. Whilst working with a competent partner is desired, knowing what’s really happening is always critical. Our platform provides acquirers with the comfort and auding that the partner is performing to satisfy the regulator, schemes and acquirers’ requirements.
PSP, ISV or ISO and worried about regulatory licensing?
Cardstream has you covered. If you’re earlier in your payments strategy or simply wish to avoid the regulatory overhead, using Cardstream’s licenses and PFaaS will fast-track your market entry. Our service give you the tools, licenses, and management needed to operate as a PayFac without the need for licences.
Looking for Open Banking to complement your existing offering?
Open Banking and the emergence of Account-to-Account payments is becoming an important part of the payment mix for many merchants.
Single Immediate Payments (SIP) are efficient and effective for both merchants and consumers. Using existing banking payment rails and trusted bank apps, payments can be made through PSD2 compliant processes and all within familiar consumer banking experiences.
cVRP is the next big thing. Commercial Variable Recurring Payments via Open Banking is set to challenge the use of Direct Debit, Standing Order and Recurring Card payments. As the industry continues to evolve, Cardstream has an early advantage with both single and recurring payments.
Why Cardstream PFaaS?
Operating for over 25 years within the payments industry and supporting tens of thousands of merchants, Cardstream is a trusted hand. Our industry leading payment gateway is connected to over 60 acquirer brands – but we aren’t standing still. We have feature-rich, software-as-a-service platforms that are always evolving and built for success.
Please download Cardstream’s PFaaS whitepaper in partnership with Mastercard.
