Cardstream unveils white label PayFac-as-a-Service

By Gloria Methri

Cardstream Group, which operates Europe’s independent white-label Payment Gateway, has launched its new white-label PayFac-as-a-Service to the market.

The platform has been designed to deliver Acquirers with a Third-Party Payment Facilitator program, as well as a pathway for those looking to become a Payment Facilitator including Independent Sales Organisations (ISOs); Payment Service Providers (PSPs), and Independent Software Vendors (ISVs).

The cloud-based solution will be available “as-a-Service” and carry benefits from Group company OBN Global Limited’s regulatory position. It will provide those Partners without a license with the ability to operate at pace in this highly sought-after space.

Adam Sharpe, CEO and Chairman of Cardstream Group, said “Our complete PayFac-as-a-Service is the quickest and most versatile way for companies to enter the rapidly growing billion-dollar global marketplace. Any company keen to capitalise on the rapidly growing PayFac space should put us on its shortlist, be it an Acquirer; a company applying for its own PayFac regulatory approval; or one opting to benefit by operating under our FCA-regulated OBN.”

Sharpe added “Cardstream has built a portfolio of over 140 brand channel Partners who utilise and distribute our technology as their own. Each Partner has access to our ever-growing Acquirer and Alternative Payment Method integrations across the globe. With the release of our new PayFac-as-a-Service, the market now has a huge increase in service capability to offer to Merchants. As we move through the rest of 2023, we expect to have a series of further announcements of many new, additional Cardstream Group services.”

The platform capabilities are purpose designed for the Payment Facilitator market, delivering rapid and automated Merchant workflow onboarding; rule-driven underwriting, regulatory compliant due-diligence, and e-contracting; multi-scheme and multi-Acquirer; real-time fraud screening and monitoring; dispute and chargeback management; management of safeguarded client-funds, reserves, guarantees, and settlement; channel management with automated fee collection, invoicing, and referral commissioning; and reporting and management via a brandable portal or embeddable APIs.