Community Federal Savings Bank launches merchant acquiring with PayFacto

Community Federal Savings Bank announced long-term strategic partnership with PayFacto Payments Inc. on December 3, 2020.

Primary

Community Federal Savings Bank

Counterparty

PayFacto Payments Inc.

Structure

long-term strategic partnership

Date

December 3, 2020

Sub-sector

Payments

CFSB combines issuing bank capabilities with PayFacto's payment processing expertise to launch merchant acquiring division targeting US market.

Primary company

Community Federal Savings Bank

Counterparty

PayFacto Payments Inc.

Amount

Not disclosed

Event date

December 3, 2020

Sub-sector

Payments

HQ

Not disclosed

Structure

long-term strategic partnership

Source published

December 3, 2020

Publisher

Benzinga / PRNewswire

Source: benzinga.com