I noticed that the Aetherytes had an option to "View Faction Standings" which would list the current faction standings for the location and the number of faction credits you have have in parentheses. I have two questions.
1. What affects the faction standing? Is it the amount of guildleves you/others do for one faction or another? Is it the amount of faction leves that are done in that location? Is it some kind of rep grind/fame grind?
2. Do faction standings affect anything in-game at the moment, or is it something for future content? Do leves for factions with high standings in a location reward better? Give a higher chance to get guild marks? Cause vendors to sell items to you cheaper/buy items at a better price?