First Data Launches Global eCommerce Solution for Payment Facilitators
The growing and expansive “sharing” economy has prompted companies across multiple verticals to increase acting as payment facilitators, building frictionless commerce capabilities for their customers.
As customer have grown accustomed to a seamless payment experience, these companies-from ride sharing to home rentals, need a trusted partner to enable commerce.
This is all attributed to why First Data, a global leader in commerce-enabling technology, announced the availability of the First Data Global PFAC solution, which offers unmatched capabilities and scope for payment facilitators.
With First Data’s Global PFAC solution, payment facilitators have access to a single integration interface, enabling their merchants to easily authorize transactions in over 150 currencies on the global scale, and settle in 17 currencies.
“Payment facilitators need to be nimble, agile, and have access to proven technology to achieve global scale, especially as eCommerce has opened the door for companies to do business worldwide,” said Shane Fitzpatrick, global head of eCommerce at First Data. “First Data’s Global PFAC solution empowers merchants to do business wherever they want, whenever they want, while streamlining the administrative burden of enabling payments around the world.”
The Global PFAC solution is structured into two separate programs to make it easy for payment facilitators to manage the payment needs of their customer base.