SHVA provides payment switching and card processing infrastructure in Israel, enabling ATM, POS, and card transaction routing across the country. It plays a key role in the local payment ecosystem.
A PA is a company that enables merchants to accept payments through a single account. They aggregate transactions from multiple merchants into a single merchant account and facilitate payouts.
What is a Payment Facilitator (#PayFac)?ibenot2023-04-18T18:56:26+02:00
A PayFac is a company that simplifies the payment process for sub-merchants by providing a unified platform. They act as a middleman between the sub-merchant and the acquiring #bank and handle all the necessary compliance and underwriting processes.
Israel
Israel