Whether it's follow-up payments, terms, or recurring scheduled payments, storing payment information saves you time and money
Fund on File is efficient, cost-effective, and better for you and your customer
PayStand solves your payment security needs
Use PayStand to vault your customers' payment information in our secure environment. PayStand's technology takes care of the security and assumes liability. Being PCI DSS and SSOE 1086 Compliant, PayStand's security is routinely audited and certified by third-party assessors.
By using PayStand as your payment processor you have create a one-stop-shop. Your customer can remit digital payment within an invoice, payment portal, or via phone on the virtual terminal. All payment methods are tokenized (saved without being visible) so that your customer isn't required to repeat duplicate information.
Fund on File is particularly useful in the case of scheduled or recurring payments. Your customer can be billed as many times as is established without the need to manually remit payment - increasing payment remittance across the board.
Offer your customers a range of payment options which include ACH, eCheck and Credit Card. All forms of payment can be safely stored.
We handle all the complexity involved with payment processing: PCI compliance, AML Laws, MTL Rules, Fraud Monitoring, Bank KYC Underwriting requirements, 1099K's - so you can go to sleep at night knowing your money is safe.