Will Pay-Facs Kill the VAR Model?
Integrated payments has been the darling of the finserv industry for years now, but it’s possible a category killer is looming. This PYMNTS article explores the intriguing idea that becoming a payment facilitator might be the heir apparent to the merchant services throne. Where do ISOs, VARs, and ISVs stand in light of the swift rise of the pay-fac? Can traditional merchant acquiring models survive the coming age of payment facilitation?