• Dynamic Payout - Simplified Sub-merchant Funding

    As many in the payments industry know, Payment Facilitation is an exciting new model providing significant opportunities for progressive, growth-oriented companies.  Stated briefly, Payment Facilitators are merch...
    last modified by gjsissons
  • Banking Relationship with Pay Fac

    I am with a community bank and working with a company that is hoping to establish a Pay Fac model. They have came to us asking for assistance and I am trying to work through that. What does the typical bank/Pay F...
    last modified by kwanderson5
  • Am I a PayFac (Payment Facilitator)?

    Worldpay empowers Payment Facilitators to fully leverage the inherent benefits of the PayFac® model by enabling them to own the relationship with their sub-merchants and maintain complete control over the cu...
    last modified by lsolheim
  • Funding Sub-merchants

    Merchant Funding APIs  Payment Facilitators who service large portfolios of merchants have a challenge: making sure that merchants are funded in a timely fashion.   As explained in How is a PayFac integrat...
    last modified by lsolheim
  • How is PayFac Integration Different?

    As explained in developing applications for Payment Facilitators, there are a number of business and technical requirements that make payment facilitation different. These include more stringent PCI requirements and i...
    last modified by lsolheim
  • Voiding a Funding Instruction

    You can use the Funding Instruction Void transaction type to void/remove a designated instruction from a submitted batch of instructions provided the following conditions are met:   You are coding to XML V10.1 o...
    last modified by lsolheim
  • Identifying Fallbacks with POS Entry Mode?

    I am working on having our system identify fallback transactions. The Worldpay ISO 8583 Reference Guide V2.20 shows 2 POS Entry Mode values for fallbacks: 79 - "Fallback from Chip transactions when keying t...
    last modified by scottpantall