Cashflows, a platform for easy payment acceptance, has launched Shift, a service for fintechs, ISVs, ISOs, and enterprise merchants to own their payments.
Traditional PayFac models require significant investment and regulatory approvals, taking years to secure. Shift combines PayFac as a Service (PFaaS) with Acquiring BIN Sponsorship, allowing businesses to act like acquirers and payment facilitators without regulatory and scheme cost burdens.
Shift positions Cashflows at the centre of a fast-changing payments landscape where businesses want ownership, not dependency.
Launched at a London event with industry leaders from Mastercard, Cardstream, and Thistle Initiatives, Shift provides a faster and cheaper PayFac route.
Author's summary: Cashflows launches Shift for fintech payment ownership.