A small bribe, also called a ‘facilitating’, ‘speed’ or ‘grease’ payment; made to secure or expedite the performance of a routine or necessary action to which the payer has legal or other entitlement.

Payment Facilitator-as-a-Service (PayFac-as-a-Service) has emerged as a game-changer, empowering companies to simplify their payment operations and enhance customer experiences without navigating ...