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CompanyProfile

Deeper payments,

wider rev share with

trusted partner ISO/MLS contact:
Payfactory

Jeremiah Remski
ayfactory was founded in 2021 by CEO Ruston
Miles, a 23-year payments industry veteran Director of Business Development
previously known for starting payment and
P data security company Bluefin and architect- jremski@payfactory.io
ing the company’s core PCI-validated point-to-point 631-790-3438
encryption (P2PE) solution. Seeing payment facilitation
as the future of merchant acquiring, Miles envisioned a https://payfactory.io/
payment platform that would be faster, more secure and
plug-and-play for ISV and SaaS providers. This adapt-
able platform would enable each client to incorporate ferred payment gateway option, which the company
payment processing into their software with minimal indicated can be implemented quickly with minimal
work while benefiting from an attractive revenue sharing effort through its suite of restful APIs. All transactions
model. Payfactory was built with these objectives in mind, are backed by state-of-the-art tokenization, the company
along with the following guiding principles:agility—a noted, with the option of leveraging PCI-validated P2PE
simple, fast payments integration for all software plat- for card-present payments to derive the highest level of
forms; seamlessness—africtionless, fast merchant account security.
go-live process; and integrity—no sacrificing of human Wealth of opportunity
service and support for the sake of speed and flexibility.
Remski additionally cited the following key partnership
Lucrative partnership opportunities benefits:
As he reflected on Payfactory’s rapid growth—which was • Flexibility: Providing a gateway-friendly payment
further accelerated by investor backing from Atento Cap- facilitator platform means that software vendors can
ital, Cortado Ventures and Bluefin Payment Systems— quickly enable Payfactory through their current pay-
Miles said the company is on the cusp of an evolving pay- ment gateway or work with Payfactory’s preferred
fac revolution that is benefitting ISOs, ISVs and acquirers. payment gateway.
“Payfac can no longer be just passive plug-ins but must • Speed to market: Architecting a platform that is de-
also be flexible and seamless, without sacrificing security signed by developers for developers and offers a full
and support,” he said. “Our embedded payfac model al- suite of restful APIs enables fast integration and au-
lows ISOs, agents and ISVs to know their merchants and tomation of the payment process and user experience,
reduce overall risk of merchant fraud while providing a from onboarding to transacting and payouts.
product that can be quickly implemented with a lucrative
revenue-sharing model.” Miles went on to say that Pay- • Security: Offering PCI-validated P2PE provides the
factory is enhancing both its partner and customer por- highest level of security by incorporating end-to-end
tals to provide software partners even greater ownership encryption for card data transmission and state-of-the-
of the processing relationship. These additional features art tokenization for stored and recurring payments.
are in line with the company’s self-service model, he stat- • Service: Providing direct, human-centered support
ed, adding that additional product releases and strategic for ISV and ISO partners, throughout every phase of
partner announcements are underway. implementation, creates trusted, long-lasting partner-
Partner-centric leadership ships with opportunities for growth through optional
sales, marketing and customer support for partners
Payfactory currently employs 14 specialists, with near- and their merchants.
term plans to further expand the team. The company’s • Revenue opportunities: Offering an attractive reve-
go-to-market teams, led by Miles, include Josh Tietsort, nue-sharing model and complete merchant control for
head of finance; Angela Mayer, head of partner success; partners creates lasting partnerships based on profit-
Melissa Migliore, head of payfac operations; and Jeremiah ability, mutual respect and trust.
Remski, director of business development. Payfactory rep-
resentatives described the company’s integrated payment • Service options: By offering a range of service options,
from full service to Payfac-as-a-Service, Payfactory
processing for ISV and SaaS platforms as gateway-friend-
ly and compatible with any ISV’s current payment gate- enables partners to customize and control the payfac
experience while eliminating the time and expense of
way, which they indicated can significantly speed time
to market and increase flexibility. Payfactory offers a pre- building in-house infrastructure.
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