Since payment facilitation is still an emerging concept in the payments world, and many software providers are either looking to enhance their integrated offering(s) or launch one that will represent a significant value proposition for its downstream clients, we thought it made sense to offer some input in an effort to help simplify what all…
One important feature of the Payfac in a Box™ platform is our ability to offer split settlements for PayFac merchants in disbursing funds. This is done by authorizing the full amount and then settling the payments into two different bank accounts. It’s a function often used to satisfy payments to multiple sources, as in the…
As a payment processing integration partner for utilities nationwide, we see the importance of this addition to any utility provider’s customers. Utilities must be able to offer fast, secure ways for customers to pay their bills online. With Singular BillPAY, utility software solutions can allow customers to set up recurring payments, safely store cards and…
Property management applications and property management SaaS providers are perfectly suited to integrate with a payment aggregator or PayFac, aka Payment Facilitator, because their requirement for a simple way to process on-going monthly payments is essential to their business model. And an integrated payments solution – such as Payfac in a Box™, easily solves for that need.…
Overall healthcare spending in the U.S. topped $3.3 trillion dollars last year according to a new report from the Centers for Medicare & Medicaid Services (CMS). And while private health insurance spending grew by 5.1% to $1.1 trillion last year, the issue for healthcare providers and hospitals is a continued delay in collecting patient payments…
We know that one of the challenges software developers have in deciding on a payments integration is navigating the development time and expense that may be involved. Well, not to fear! We have quickly broken down the simple process to implement a Payfac in a Box™ payments integration into one simple infographic. When you’re ready…
The first product that thrust cryptocurrency into relevance and the public conversation was Bitcoin. Satoshi Nakamoto originally designed a solution with one main goal: to develop a peer-to-peer electronic cash system. In other words, an electronic way for one person to pay/transact with another person. Because of many previous attempts (and failures to create a…
Deciding on a payments integration or upgrading a current integration is an important step in the evolution of your software solution. But how many features do you really need? How long will the integration setup take? And how will it impact your current users and how they interact with your system? All excellent questions that…
Like any software solutions provider, Payfac Pete is busy optimizing his software solution, adding bells and whistles, and making the user interface as slick as possible to ensure his users stay on and enjoy using it. Along the way toward this constant evolution, Payfac Pete has realized that consumers really need an easy way using…