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PAYFAIR PAYMENT SCHEME MAIN CHARACTERISTICS:
- "PayFair, never to much" philosophy
- Merchant oriented payment scheme (but not bank averse)
- Volumes based flat fees
- Guaranteed payment (instant and deferred debit)
- Low cost product structure
- Large support from the merchant community
- Pan European future proof scheme (focus on € zone for first implementation)
- SEPA Card Framework compatibility (EMV, ...)
- Easy implementation process
- Designed to protect legacies (as far as possible)
- Ability for future developments (contactless, mobile, Internet, ...)
