Run an agreed acquiring programme on licensed infrastructure.
The PayFacLite® platform, licensed and configured as the technology and operating layer for an agreed acquiring programme. Responsibilities are not assumed: they follow the structure that is agreed for the programme.
- Best for
- PAYFACS, PSPS & REGULATED PAYMENT COMPANIES
- You receive
- Licensed operating infrastructure
- You control
- Configuration, estate and operations
- Responsibilities
- Follow the agreed programme structure
Bring the acquiring strategy. The operating technology already exists.
PayFac is for a payment organisation that has, or is bringing, an acquiring relationship, and does not intend to rebuild onboarding, risk, processing, settlement and reconciliation to use it.
The operation, not just the rails
A payment facilitator programme is an operation before it is an integration: merchant onboarding, risk workflows, settlement and reconciliation all have to run every day. That operation is what is licensed.
Configured to the programme you agreed
The platform is set up around the acquiring environment, products and parameters of your programme, rather than a standard configuration you work around.
The boundary written down first
Who onboards, who underwrites, who holds the merchant contract and who carries each regulatory responsibility are settled in the programme structure before the platform is configured.
What the programme defines, and what the platform provides.
Under a licensed model the responsibility line is not fixed in advance. It is set by the agreed acquiring and programme structure, and the platform is configured to whatever that structure says.
- You control
- Merchant and estate management
- Onboarding, risk and compliance workflows
- Processing orchestration, settlement and reconciliation
- Partner and merchant experiences, reporting and operational controls
- The programme defines
- The acquiring structure and the counterparties in it
- Who holds the merchant contract
- Onboarding and risk ownership within the programme
- Settlement responsibilities
- Which regulatory responsibilities sit with which party
Acquirer integration is subject to technical, commercial, scheme, compliance and legal assessment. Supported acquirers, processing models and responsibilities are agreed for each programme. Licensing the platform does not confer regulated status.
Run partner propositions within your agreed acquiring programme.
Support ISOs, ISVs, SaaS platforms and other distribution partners through a governed programme structure, built on licensed PayFacLite® infrastructure.
The operation you license.
Four working areas, each one a live operational function rather than a feature. What each covers within your programme is set by the programme itself.
Merchant and estate management
The merchant portfolio, its hierarchy, its configuration and its lifecycle, managed as one estate rather than as a list of accounts.
Onboarding, risk and compliance workflows
Application, verification, review and decision workflows, operated to the parameters the programme sets.
Processing, settlement and reconciliation
Processing orchestration through to settlement batches, payouts, matching and exception handling.
Partner and merchant experiences
The interfaces your teams and your merchants use, with the reporting and the operational controls behind them.
Which capabilities are available within a programme, and on what terms, is agreed as part of the programme structure.
From programme design to operating.
A licensed programme is agreed before it is built. The assessment is real and its outcome is not assumed here.
01
The workshop
The acquiring strategy, the relationship you hold or intend to hold, and the programme you want to run.
02
Assessment
Technical, commercial, scheme, compliance and legal assessment of the acquirer integration and the programme.
03
Programme structure
Responsibilities, parameters and the acquiring structure agreed and written down, including which regulatory responsibility sits where.
04
Configuration and integration
The licensed platform configured to the programme and connected to the agreed acquiring environment.
05
Operating
Your teams running the estate on the platform, within the structure the programme set.
Add PayFacLite® technical delivery where architecture, integration or additional build capacity is wanted. It never changes the responsibilities of the arrangement.
Acquiring infrastructure for international platforms.
Build and operate across the UK, Europe and the United States from a single governed PayFacLite® operating foundation.
United Kingdom
Regulated acquiring foundation
Europe
Infrastructure for multi-market propositions
United States
Infrastructure for international growth
Market availability depends on programme structure, product scope and applicable regulatory requirements.
- Verofy Ltd (trading as Verofy® Acquiring) — FCA Authorised Payment Institution
- PCI DSS Level 1
- Safeguarding in line with regulatory requirements
- United Kingdom
What will you build?
Keep control of the customer relationship, shape a proposition that’s yours, and create more value in your business. We’ll help map the right operating model.
A clear view of your platform route.
- Your proposition
- Who it serves and what it offers.
- The operating model
- Where the regulatory boundary sits.
- Delivery and integration
- How your team connects and goes live.