INDEPENDENT SALES ORGANIZATION

ISO

An Independent Sales Organization (ISO) is an entity that acts as an intermediary between a merchant and a payment processor. ISOs are responsible for providing merchants with the necessary equipment, software, and services to accept card payments from customers. They also provide support to merchants in setting up their payment processing systems.

ISOs are essential for businesses that want to accept card payments from customers. They help merchants get set up with the right hardware and software, as well as provide ongoing support and maintenance of these systems. ISOs also offer additional services such as fraud prevention, risk management, and customer service support. By working with an ISO, businesses can ensure they are able to securely accept payments from customers in a timely manner.

Independent Sales Operator

Independent Sales Operator (ISOs) are organizations which provide merchant services to companies. ISOs are essentially an intermediary between a company and the company’s customers. They handle all aspects of sales, from finding customers, to processing payments and providing customer service.

ISOs help companies to increase their sales by providing access to new markets, customers and technologies. They also provide a wide range of services such as marketing support, payment processing, fraud prevention and customer service.

The role of ISOs is becoming increasingly important in today’s digital world. Businesses rely on ISOs for their expertise in the digital space and their ability to navigate complex regulations that govern the payment industry.

ISO

An ISO is a company or individual that provides sales processing services to merchants. They are responsible for facilitating the acceptance of credit and debit cards in merchant locations and online. ISOs work with banks, payment processors, card associations such as Visa, Mastercard and American Express, and other third-party service providers to provide these services.

ISOs act as an intermediary between banks and merchants, providing merchants with access to a variety of payment solutions that are tailored to meet their individual needs. ISOs can offer merchant accounts, payment gateway services, fraud prevention tools, business analytics tools and more. Additionally, they can help merchants comply with applicable laws and regulations around security standards like PCI DSS. By working with an ISO, merchants can ensure that their payments operations are secure while still providing customers with a convenient checkout experience.

ISO vs PayFac

Payfac and ISO (Independent Sales Organization) are two terms that are often confused with each other when it comes to payment processing.

Payfac is a type of payment facilitator, while ISO stands for Independent Sales Organization. While they both enable a company to process payments, they have different roles and responsibilities. Payfac facilitates the processing of payments on behalf of the merchant, while an ISO provides the infrastructure necessary for customers to make payments.

In order for a business to accept credit and debit card payments, it must be registered with either a payfac or an ISO. The difference between them lies in how much control and responsibility each has over the payment process. Payfacs are more hands-off when it comes to managing customer data and fraud prevention measures, whereas ISOs provide more direct oversight over payment acceptance activities.