Global PFAC™ Program

The Global PFAC™ Program, developed by First Data (now part of Fiserv), represents an aggregator model designed specifically for payment facilitators. This program allows payment facilitators to function as aggregators, providing a comprehensive suite of services to their sub-merchants. By enrolling in this program, payment facilitators can streamline the management of multiple sub-merchant accounts under a single master merchant account.

The primary advantage of the Global PFAC™ Program is its ability to support and adhere to the Card Brand rules and guidelines. This compliance is crucial for facilitating payments smoothly and legally on behalf of sub-merchants. Essentially, the program simplifies the complex process of handling multiple transactions, billing, and settlement activities, thereby enabling payment facilitators to focus on scaling their operations and enhancing service delivery.

Moreover, the program supports seamless integration of payment processing, offering tools and resources that help payment facilitators manage their operations effectively. This includes everything from transaction processing to risk management and compliance with regulatory requirements, all aimed at providing a reliable and secure payment processing environment.

For sub-merchants, this means they can rely on their payment facilitator to handle all aspects of payment processing efficiently, allowing them to focus more on their core business activities without worrying about the intricacies of payment systems. This model not only enhances operational efficiencies but also potentially lowers costs and barriers to entry for small and medium-sized enterprises looking to accept electronic payments.