Exact Payments Announces Foundational PayFac-as-a-Service Solution at Collision 2023


Toronto – June 27, 2023 /PRNewswire-PRWeb/ – Exact Payments, a cutting-edge embedded payments company, will be launching its foundation PayFac-as-a-Service (PFaaS) offering at one of the industry’s leading technology events, Collision 2023, in Toronto, Ontario. PFaaS from Exact allows software-as-a-service (SaaS) businesses to add an additional revenue stream by embedding payments within their solution while outsourcing payment complexity and improving customer experience.

Exact’s PFaaS solution enables SaaS providers to fully embed all payment flows elegantly within their software solution for business customers. All transaction processing, settlement and merchant funding is managed on the Exact platform enabling partners to deliver seamless service and support to their clients while earning a portion of the processing fees as revenue. Instead of expending capital over months or years to build a payments infrastructure as well as an Underwriting, Risk and Compliance team, SaaS companies that use Exact’s PFaaS can get started in a matter of weeks, quickly generating revenue without exposure to payments risk.

The PFaaS release from Exact surpasses others by offering a reliable, one-stop-shop payments solution that is simple to integrate using either the robust API or embedded UI components. With more than 20 years in the business, Exact supports its partners and their clients with deep payments expertise, including technical solutioning, full service merchant support and co-branded sales and marketing services—all with flexible pricing and optimized margins.

“We are thrilled to announce this latest release of our PFaaS solution and excited to talk with innovative software companies at the Collision conference in Toronto. It is our mission to help our software partners to participate in the new world of embedded finance. It’s only fitting the launch corresponds with Collision—a must-attend tech event of the year,” said Exact Payments CEO, Phil Levy. “By embedding payments, SaaS platforms create a new source of revenue, build seamless buying experiences and increase customer retention—delivering those results for partners is our singular commitment,” he said.

As a proud sponsor of the event, Exact will be demonstrating its PFaaS solution for attendees at its booth and related show events.

About Exact Payments
Exact Payments delivers turn-key payment facilitation solutions enabling SaaS businesses to rapidly onboard their clients for processing, instantly activate a variety of payment methods and accelerate revenue through payments. By offering an easy integration process, a one-stop-shop for embedded payments and maximized margins, Exact enables SaaS providers to deliver a better customer experience backed by top-tier support and deep payments expertise. Exact is integrated with leading processors in the U.S. and Canada including Fiserv/First Data, Elavon, Global Payments/TSYS, Chase Canada and Moneris, and processes >1 billion transactions and $150bn+ in annual payment volume today. For more information, visit www.exactpay.com.

About Platform Partners LLC
Founded in 2006, Platform Partners LLC is a private investment company based in Houston that makes investments in lower middle-market companies with the intent of growing these businesses into industry leaders through a combination of organic and acquisition growth. Platform invests through a perpetual holding company structure allowing for a long-term, patient approach to partnering with entrepreneurs to build companies. The company manages total assets of approximately $950 million. For more information, please visit platformllc.com.