An organization that offers to process credit card transactions in exchange for transaction fees and/or a percentage of the sales.
(I.S.O.). Represents a Bank or Bank/Processor alliance. It provides a variety of merchant functions (i.e. processing) on behalf of the acquirer and is allowed to mark up the Fees and sign up merchants.
A third-party company that provides services to merchants on behalf of the acquiring bank. These services include merchant accounts, funds processing, and account activity reporting.
Independent sales organizations play a role in many business fields. In the credit card industry ISO's act as a third party between the merchant and the acquiring bank. Many businesses are unable to obtain merchant status through an acquiring bank because the bank views them as too large a risk. These businesses use an ISO to obtain merchant status.
Organization that processes merchants online credit card transactions in exchange for a percentage of the sales or transaction fees.
Visa term for a company that is sponsored by an acquiring bank to solicit and sometimes support merchants.
This acronym refer collectively to people who have contracted to sell our merchant processing services.
An organization that sells business products or services to merchants and/or acquires merchants on behalf of various types of merchant service providers.
A non-member company contracted by members of VISA or MasterCard to provide merchant or cardholder servicing.
an organization or individual that performs merchant solicitation, sales, or services functions for an association member.
A firm or organization that offers the service to process credit card transactions. AN ISO represents the processor and markets the service in exchange for transaction fees or a percentage of sales that the ISO receives form the processor. There are many different levels of ISO's available to merchants. Many are only agents of an ISO while others have a direct relationship with the processor.
Also called a member service provider. An outside company (not MasterCard or VISA member) which is contracted by members to administer merchant and/or cardholder servicing.
An organization or individual, which is not an Acquirer, that engages in Merchant solicitation, sales or service, with respect to Transactions.