Independent sales organizations (ISOs) are a growing presence in the world of payment processing. ISO Partnerships Features. Raises prices b. Decreases the number of. Often, ISVs will operate as ISOs. 1 Newtek Merchant Solutions is a registered ISO/MSP of Synovus Bank, Columbus, GA 1 Newtek Merchant Solutions, LLC is a registered ISO of Fifth Third Bank, N. An Independent Sales Organization (ISO) is a third-party payment processing company authorized to handle merchant accounts for businesses. Independent sales organizations ISOs are third-party entities that serve as intermediaries between businesses and the payment processors or acquiring banks . A Texas Equipment Lease Agreement with an Independent Sales Organization is a legal contract between an equipment lessor and an independent sales organization (ISO) located in Texas. Independent sales organization. An independent sales organization is a provider who connects merchants to credit card manufacturing. Collaborating with company managers to create improvement strategies. Establishing realistic monthly sales growth targets can motivate a sales team and ensure consistent alignment of their efforts with an organization’s expectations. This service is usually provided in exchange for a percentage of the merchant’s sales. Knowledgeable sales force. ISO is an organization or individual that provides payments-related services, either directly or indirectly, to a member of Visa’s payment network (either a card issuer or transaction acquirer). 20 Vantel Pearls. Franchise Growth Solutions. What is an independent sales organization (ISO)? An ISO is a third-party company that is authorized to extend credit card processing services to businesses. Each one will have different transaction fees, or monthly fees, as well as reporting, statements, bank sponsorship, service. A Line Sales Organization is one of the simplest forms where every individual is held accountable for their actions and decisions. If this organization aligns with your passions and values, you can give with confidence. (CMS) company that is a certified independent sales organization is a safe bet, as then it’s done in-house with a supported bank and not outsourced to a third party. Independent sales organizations are also called merchant. MCMC is an accredited independent review organization with access to more than 900 board-certified and actively practicing reviewers. It will often provide terminals to the merchants, as well as tech support, training, and customer service. BPA Statement 6/22 2. 25, 2022-- i3 Verticals, Inc. An independent sales organization is one provider who connects retailers up. Simply leveraged, it’s a small investment. By effectively outlining the rights, responsibilities, and expectations of both parties, these agreements promote harmonious collaboration and help drive. Highlights for the fiscal first quarter ended December 31, 2021 vs. An independent sales organization, also known as an independent sales office, is an approved third-party organization connecting merchants with payment processing services. Independent Sales Rep Agent Program. S. ISV: An Independent Software Vendor (ISV) is a company that creates and sells software. With its merchant acquiring services and independent sales organizations, it supports a wide range of merchant categories and offers multinational and dynamic currency services, next-day funding. ISOs are also sometimes referred to as Independent Sales Offices since they often take place in–you guessed it–an office. A nonprofit organization (NPO) or non-profit organization, also known as a non-business entity, or nonprofit institution, is a legal entity organized and operated for a collective, public or social benefit, in contrary with an entity that operates as a business aiming to generate a profit for its owners. Outsourcing can cost less and requires less investment than a company-employed sales force. Leaders can also use this metric to develop their overall sales strategy and come up with accurate forecasts moving forward. Visa Third Party Agent Program (Independent Sales Organizations / Encryption Support Organizations) Third Party Agents that perform solicitation activities (ISO) or deploy ATM, POS or kiosk PIN acceptance devices and/or manage encryption keys (ESO) without touching cardholder data must be registered with Visa. But an independent sales organization (ISO) can be the right solution to become an invoice factoring broker. Ensure success with an end-to-end gift card program management solution. Based on the following analysis of the description of the services as presented in your letter, FinCEN finds that pursuant to our. IMOs are sometimes a little smaller than FMOs and may not be able to pay agents as much in commission as. The nature of the relationships between and IMO and the insurance company it represents may differ slightly, but an IMO is essentially an intermediary between the insurance company and the financial advisor. (Nasdaq: IIIV) (“i3 Verticals” or the “Company”) today reported its financial results for the fiscal second quarter ended March 31, 2022. Their responsibilities include establishing relationships with businesses, assisting them in setting up. Independent Sales Organization (ISO) Factoring Broker. Independent Sales Organizations (ISOs) Even with dozens of payment processors doing their best, tens of millions of merchants is still too much to handle — especially when you consider the time and resource demands of actually finding and recruiting those merchants, let alone providing ongoing customer service. Their responsibilities include establishing relationships with businesses, assisting them in setting up. An Independent Sales Organization, or ISO, is an institution or a legal entity closely collaborating with Mastercard or Visa banks. However, despite their high-level similarities, there are some major operational differences between how ISOs and PayFacs operate. As mentioned, you’re likely able to set your own schedule and location - meaning the days of missing out on an important event for family or friends is a thing of the past. Reviewing the existing operations of an organization. NFIB is the voice of small business, advocating on behalf of America’s small and independent business owners, both in Washington, D. Initiating and submitting a background check. ISOs work on behalf of banks and card networks to set up new merchant accounts, acting as an intermediary between these entities and businesses that want to accept card payments. The following represent just a few of the key benefits ISOs stand to enjoy by joining the program and adding TSYS to their roster of payment. They are authorized to sell or lease the services of banks and credit card companies. Here’s what ISOs are and what they do. We will start with a high level overview of some of the key points. e. Here's what ISOs are, method they work and how you'd need one. Independent sales organizations are the middlemen between the acquiring bank and business owner. a wholly owned subsidiary of First Data corporation, and are registered or used in the U. T. Small businesses that like the First Data product lineup — including the Clover POS. VizyPay's cancellation policy is stated on the application and is as follows: In the application Terms and Conditions, it lists a term of the merchant agreement as 3 years with a cancellation fee as specified on the application. DSA serves to promote, protect and police the direct selling industry while helping direct selling companies and their independent. Sales organization structure is. Compared to a normal 9-5, work-life. Visas Global Registry of Service Providers - Independent Sales Organizations and Encryption Support Organizations - U. Week 4: Pursue A-leads. Independent Sales Organization. As payment gateways, they ensure the secure transfer of the transaction data. It is a third-party trading organization that provides merchants. With aggressive buy rates and revenue sharing, get rewarded for higher application counts and volume. ISOs Resell Merchant Services. An Independent Sales Organization is a sales force for hire used by acquirers that do not wish to staff and manage a sales force internally. Here's what ISOs can, how they work and why you'd need one. From auto-notifications (e. ISOs are an exceptionally important part of the payments ecosystem, serving a critical role that supports both their processing partners and their merchants. An independent sales organization is a provider who connects merchants to credit card processing. , Concord, CA. Study with Quizlet and memorize flashcards containing terms like Organizational behavior can best be described as: a. Most commonly, an independent sales representative or manufacturer’s representative sells the products of several different companies on a business-to-business basis. They find and recruit new merchants and sell them processing and various services on behalf of major payment processors like TSYS, Worldpay, and BAMS. 17. Hourly Backups. , Georgia, a wholly owned subsidiary of US Bank Minneapolis. 238. Independent Sales Organizations (ISOs) act as intermediaries between merchants and their banks, essentially reselling the services of processors. Whether a merchant enters into a merchant. Independent sales organizations (ISOs) are a growing presence in the world of payment processing. 4. Mary Kay. Generally, ISO sales representatives. 9 million, an increase. Payment processing is a fast-paced, dynamic business that offers unlimited opportunities for agents and ISOs to build a business with robust recurring revenue. To become a Mastercard merchant, simply contact an acquirer for a merchant account application. However, ISOs provide more options for merchants to choose. Are you looking for independent sales reps? Call U. Smaller acquirers and independent sales organizations say the program is a grab by the larger issuers/acquirers for more market share and margin. Independent sales organizations (ISOs) are a growing presence in the world of payment processing. An ISO (Independent Sales Organization) is a third-party company that manages merchant accounts. Here are 10 large companies and small operations offering high-paying opportunities for independent consultants: 1. Today’s case alleges that the defendants – an Independent Sales Organization (ISO), sales agents, and their principals – provided the MNF scheme access to the credit card networks by submitting and approving fraudulent applications in the names of more than 40 fictitious MNF companies. If you’re a would-be ISO looking to begin selling payment processing, learning the ins-and-outs of the revenue-side of the game is a great place to start. OlehPay is a branded service provided by various regulated money service businesses posessing licenses from the the Israel Ministry of Finance as a Currency Services Provider. If you’re an Independent Medical Distributor or Manufacturer and would like to join the IMCO network, call us at 386. Tech companies often use monthly sales bookings as a prime metric to track the value of their wins. What is an Independent Sales Organization? An independent sales organization is a company that acts as a link between merchants and payment processors, reselling payment processing. Fed. Independent sales organizations that sell complementary, but noncompeting, products from different manufacturers; also called manufacturer's representatives or reps. The ISO, on the other hand, is not allowed to touch the funds. 237. Nearly 90 percent of MSPs consider offering value-added. 10 high-paying independent consultant companies. Gateway – A payment gateway offers merchants services to accept online payments with credit cards, debit cards, direct debit, bank transfers and real. To achieve this, one must leverage existing relationships with customers and prospects, engaging with local. Here's what ISOs are, how they work and why you'd need one. In line sales organization, sales managers control a number of subordinates and report directly to the next higher level in the organization. Talk to a few different organizations before making your pick. Sales bookings are a KPI that measures wins over a set period. , Cincinnati, OH. One of the biggest differences between contractors and employees is the way they are paid and taxed. Some common job duties of independent consultants include: Traveling to meet with clients and discuss their requirements for a project. Learn More. Employment is typically governed by employment laws, organisation or legal contracts. Here's what ISOs are, how they work and why you'd need one. Ingenico, a leading worldwide provider of payment devices and services, and The Phoenix Group (TPG), the largest independent distributor of POS terminals and solutions in the. And independent sales organization the a supplier who interconnects retailer to credit card processing. 7 Accountabi lit y. Also refer to FFIEC Guidance . In order to understand how ISOs fit. Visa Third Party Agent Program (Independent Sales Organizations / Encryption Support Organizations) Third Party Agents that perform solicitation activities (ISO) or deploy ATM, POS or kiosk PIN acceptance devices and/or manage encryption keys (ESO) without touching cardholder data must be registered with Visa. >$2. The average allocation usually ranges between 9-12% of the annual budget, while the. Payroc LLC is a registered independent sales organization (ISO/MSP) for Fifth Third and Wells Fargo Bank, N. What is an independent sales organization (ISO)? An ISO is a third-party company that is authorized to extend credit card processing services to businesses. Independent sales organizations of all types rely heavily on technology to help them reach more merchants, deliver better service, and maximize residuals. While it’s common knowledge that the self-employed earn more and eventually enjoy a better work/life. Edit ISO (INDEPENDENT SALES ORGANIZATION) AGREEMENT. Does this new requirement to record calls apply only to call. Independent Sales Organization, or ISO in the context of merchant services, is a third-party payment processor that manages merchant accounts on behalf of a bank, payment processor, or significant financial institution. An Independent Sales Organization, or ISO, is a specialized third-party company that sells and manages credit card processing services outside of a bank or. Independent sales organizations ISOs are third-party entities that serve as intermediaries between businesses and the payment processors or acquiring banks. activity relating to insurance sales, it can file a joint SAR on the common activity with the insurance company. This is certainly a unique and one of a kind direct sales company. It’s also often referred to as an MSP, or Merchant Service Provider. Their responsibilities include establishing relationships with businesses, assisting them in setting up. An ISO (Independent Sales Organization) is a third-party company that manages merchant accounts. Independent sales organizations are a key part of the payments industry. You can become an independent sales rep from home with the following steps: 1. An independent sales organization is a company that acts as a link between merchants and payment processors, reselling payment processing services and providing ongoing support in exchange for a small slice of each transaction. An ISO’s primary job is to resell merchant services for one or more payment processors. In addition to a strong skill set and confidence in your abilities, you’ll. V. The independent variables are direct measures of the processes that make up the enterprise systems creating products and services that generate organizational income. Fortis is a registered ISO of Fifth Third Bank, N. Moved daily in ACH and wire services. Access to knowledgeable sales and operations support; Sell the latest products and services in the payments industry . So lines of authority move vertically down the structure and the members at the organizational level are independent of all others on that level. Carat drives more commerce. Tech companies often use monthly sales bookings as a prime metric to track the value of their wins. 3. The ability to build a diverse and lucrative sales portfolio. ISOs – Independent Sales Organizations; ISVs – Independent Software Vendors; VARs - Value Added Resellers; PayFac – Square or Paypal; When opting for a white label payments provider, work with someone having experience and a good track record of working with these business types. Moreover, independent. Preparing reports and presentations for stakeholders. Yes – secure data backups which can be easily restored. 4. NASHVILLE, Tenn. 2020. and many foreign countries. Many merchants obtain payment processing through the bank or other financial firm that provides their merchant account. Raises 2022 Outlook. According to the FTC’s complaint, the. ISOs work on behalf of banks and card networks to set up new merchant accounts, acting as an intermediary between these entities and businesses that want to accept card payments. Able is an independent agent paid directly by a health plan. As the name suggests, they’re independent operators who often work with multiple payment providers to find the right solutions for their. Week 2: Pursue B-leads first. What is an ISO in retail? The term retail ISO refers to the model in its most straightforward form. By working with a variety of these kinds of providers, an independent sales organization can often offer better deals that are more specifically tailored to each individual business than any one processor or. Download your modified document, export. They work primarily on commission and pay their own expenses in return for a contractual agreement to be the exclusive “agent” of the manufacturers they represent in a given territory, market or for specific. Please provide your preferred contact information. ISOs aren’t tied to a single processor, however. An Independent Sales Organization (ISO), also called a Merchant Service Provider (MSP), is a third-party sales organization that acts as a distribution channel for acquiring banks, payment service providers, or payment processors. You want more growth and earning potential. Here is a list of some of the top Franchise Sales Organizations: Franchise Sales Organizations. (®) a wholly-owned subsidiary of First Data Corporation, and are registered or used in the U. An ISO is a company whereas an independent agent is an individual. Also known as a Merchant Services Provider, the merchant will accept the cards on behalf of one or many acquiring banks. Pro's of independent Sales Rep roles: Unrestricted financial freedom and work-life balance. ISO: An Independent Sales Organization (ISO) is a company that refers businesses that need to accept card payments to processors and acquiring banks. An Independent Sales Organization, also called a Member Service Provider, is a third-party organization representing a bank or other financial institution. Sales agents tend to be smaller, which allows them to offer even more specialized and personal support. You’ll want to begin by understanding what it's like to grow as an Independent Sales Organization professional and the needs of the business. An Independent Sales Organization is a sales force for hire used by acquirers that do not wish to staff and manage a sales force internally. , Concord, California (“Wells”). 1 The Clover name and logo are owned by Clover Network, Inc. Greater Freedom and Flexibility. The entire sales cycle can be outsourced or only parts of it. Some agents believe FMOs tend to focus more on health insurance products while IMOs tend to focus on life insurance products, but this isn’t always true. (“ISO”) means a person who enters into an agreement with a Payment Processor to sell or to market payment processing services to a merchant and who holds full or partial liability for a loss related to the payment processing activities conducted by or on behalf of the merchant. It is the third-party organization that represents a bank or other financial institution that sells. An independent sales organization is a provider who. Independent contractors are not. --(BUSINESS WIRE)--Feb. Planning and forecasting. An independent sales organization (ISO) works with banks to provide credit card services. Independent sales organizations ISOs are third-party entities that serve as intermediaries between businesses and the payment processors or acquiring banks. The sales manager has a crucial role in this organization in activities such as hiring quality talent, giving proper training, assigning. Key Takeaways. Independent sales organizations (ISOs) are a growing presence in the world of payment processing. In some cases a payment processor, independent sales organization (ISO), or member service provider (MSP) is also a party to the merchant agreement. 5. Toll Free 877·626·2776 or visit our website to find independent sales representatives. Companies market all types of goods and services, including jewelry, cookware, nutritionals, cosmetics, housewares, energy and insurance, and much more. Such a relationship can involve various things, such how acquiring. S. Independent sales organizations ISOs are third-party entities that serve as intermediaries between businesses and the payment processors or acquiring banks. 1. This charity's score is 85%, earning it a Three-Star rating. This e-learning will take you through the basics of what chargebacks are, why they occur, and how Paysafe can help you prevent and dispute them. Sales goals are the benchmarks for your department, so they're the best place to start as you create a commission plan. The direct selling channel differs from broader. Time-consuming for you to set up and keep secure. Direct selling is a retail channel used by top global brands and smaller, entrepreneurial companies to market products and services to consumers. 2. They provide services of finding, opening, and managing merchant accounts on behalf of the business in return of a fee or percentage of commission based on a business’ sales. Visa Third Party Agent Program (Independent Sales Organizations / Encryption Support Organizations) Third Party Agents that perform solicitation activities (ISO) or deploy ATM, POS or kiosk PIN acceptance devices and/or manage encryption keys (ESO) without touching cardholder data must be registered with Visa. In some types of employment, employees may receive benefits in addition to payment. While ISOs are not directly part of any bank or other type of financial institution, they will work with businesses to help them sign up to accept credit cards in exchange for a percentage of the. Independent Sales Organization (ISO) An independent sales organization (ISO) is a company that provides standalone credit card processing services for merchants. Its full suite of sales, productivity, and analytics tools. They are authorized to sell or lease the services of banks and credit card companies. Brand: everything the customer sees. , Concord, CA. Revenue was $73. Offering a wide range of quality products and services and five star rated customer service, our independent sales agents see more growth. Independent sales organizations (ISOs) are a growing presence in the world of payment processing. Baker is an independent agent paid through a field marketing organization (FMO). It’s where the funds land after a completed transaction. Exports are often looked after by a company’s marketing or sales department in the initial stages when the volume of exports sales is low. Source: Ingenico. Communicate effectively to multiple stakeholders. 33 member organizations of the CIC make up the foundation of the hospitality industry. Frequently Asked Question, Customer Identification Programs and Banks Serving as Insurance Agents, FIN-2006. Your MID allows you to be recognized and identified by issuers, acquirers, card networks, payment processors, independent sales organizations, and all of the other behind-the-scenes entities who make electronic payments possible. , Cincinnati, OH. Over-Supervising. Some of the best direct sales companies to join include recognized brands like Avon, Mary Kay, Perfectly Posh, Color Street, WineShop, Tupperware and lots more. 8, 2022-- i3 Verticals, Inc. They are authorized to sell or lease the services of banks and credit card companies. Address the needs of nearly every industry, thanks to our comprehensive array of merchant transaction processing solutions. An ISO is a company that processes third-party payments. These “master merchants” act as Independent Sales Organizations (ISOs), going between sponsor-acquirers and a portfolio of sub-merchants. NFIB is nonprofit, nonpartisan, and member-driven. Processing payments through an independent sales organization can also provide better (or more cost effective) access to various merchant services and tools, ranging from POS terminals to payment integration to data security. ISOs work on behalf of banks and card networks to set up new merchant accounts, acting as an intermediary between these entities and businesses that want to accept card payments. Independent sales organizations find and recruit merchants and sign them up for payment processing services. Omega Processing Solutions, LLC is a registered ISO/MSP of Deutsche. How you organize your sales team will be determined by the regions you serve, the number of products and services you offer, the size of your sales team, and the size and industry of your customers. . Registering as an official Independent Sales Organization (ISO). Bridge the gap between digital and physical commerce experiences through existing payment. What an Independent Sales Organization Does 2 min Updated: Jun 8, 2023. An ISO is a company that markets acquiring services to merchants on behalf of an acquiring bank. 2021. midsize banks, which often use the services of independent sales organizations or membership service providers (ISO/MSP), join partnerships or alliances, or enlist agent banks. is an organization that generally is formed independent from government. EpicPay International LLC, DBA Fortis Payment Systems LLC is a registered Independent Sales Organization of Wells Fargo Bank, N. 3. The acquiring bank provides merchants with the ability to process credit card payments and receive funds in their merchant account. These resellers may be shopping cart companies, gateway companies, point-of-sale system distributors, banks, warehouse membership clubs, buying groups,. An Independent Sales Organization, also called a Member Service Provider, is a third-party organization representing a bank or other financial institution that sells and promotes its services, one of which is merchant accounts. effortless. Independent sales organizations (ISOs) are a growing presence in the world of payment processing. ATM processing incorporates voice and mobile technologies to give Independent ATM Deployers (IADs) and Independent Sales Organizations (ISOs) unprecedented control over ATM portfolios. What is an independent sales organization (ISO)? An ISO is a third-party company that is authorized to extend credit card processing services to businesses. Mentorship, lead. Order/Inventory management and fulfillment services. ISOs bridge the gap between providers and customers, offering sales, marketing and support services. Anywhere in the World. What is an ISO? ISOs, or independent sales organizations, are companies that aren’t officially part of the cardmember associations like Visa or MasterCard but have developed partnerships with acquiring member banks to provide merchant accounts or other merchant services to members. Finding a Good Quality White Label Payment. 8% Under 100 15. Live Good Inc. Becoming an independent sales agent (also called manufacturers reps) can be very lucrative if you have the drive and persistence to build your own business. They are contracted by banks to acquire and manage merchant relationships on their behalf. (Nasdaq: IIIV) (“i3 Verticals” or the “Company”), announced today that it will release its financial results for the first quarter ended December 31, 2021, on Tuesday, February 8, 2022, after the Nasdaq market close. TSYS makes its partnerships with independent sales organizations a top priority, ensuring mutually beneficial relationships that make merchant acquisition as easy and profitable for ISOs as possible. Independent Sales Organizations/ISO’s or Merchant Service Providers) are not directly. IRIS. Independent reps serve as a company’s outside sales, marketing and customer service. Allocating a specified percentage of sales revenue is one of the most popular methods for developing a marketing budget. 3. What is an independent sales organization (ISO)? An ISO is a third-party company that is authorized to extend credit card processing services to businesses. As an independent payment processing agent, I firmly believe that the best way to skyrocket sales is through the establishment of a robust referral network. Our members span the breadth of significant payments and fintech companies, from the largest incumbent players to the emerging disruptors in the U. ISOs work on behalf of banks and card networks to set up new merchant accounts, acting as an intermediary between these entities and businesses that want to accept card payments. Independent sales organizations are arguably the easiest path into the industry for both outsiders looking to break in and insiders looking to strike out on their own. By working with a. The Electronic Transactions Association (ETA) is the world’s leading advocacy and trade association for the payments industry. With a user-friendly touchscreen and integrated scanning and secure payment processing, retailers can dramatically reduce transaction times to get customers through the checkout and out the door quickly. Your sales plan is a roadmap that outlines how you’ll hit your revenue targets, who your target market is, the activities needed to achieve your goals and any roadblocks you may need to overcome. The independent variable is the selling price. An independent software vendor, or ISV, is an individual or organization that develops, markets, and sells software solutions that run on one or more computer hardware providers. Independent sales organization. ” Encryption Support Organization (ESO) Performs cryptographic keyIndependent sales representatives often need certain skills to help them do well in their roles. Here’s what ISOs are and what they do. What is an independent sales organization (ISO)? What are the differences between ISOs and payfacs? Do I need an ISO or a payfac? Is Stripe an ISO. ISO stands for Independent Sales Organization. Independent sales organization (ISO) / merchant service providers (MSP) - these are non-banking financial entities affiliated with banks and certified with card networks. Team selling. ISO Partnerships Features. An independent marketing organization (IMO) is basically the same as an FMO. Essentially, you are the independent sales force banks will use when they don’t want to use their own internal staff. b. 1. Starting from the very beginning, Independent Sales Organization is a third-party organization responsible for processing payments and handling merchant accounts for companies. As an independent payment processing agent, I firmly believe that the best way to skyrocket sales is through the establishment of a robust referral network. g. Here's how ISOs are, how they work and enigma you'd need one. Chosen solution for over 50,000 restaurants and bars across the country. It’s obviously a very exciting time when your outsourced commission-only sales team starts to grow, but it’s vitally important to be upfront and honest about the sales cycle of your products or services when speaking with potential reps about your opportunity. What is an Independent Sales Organization? An independent sales organization (ISO) is a specialized third party that sells credit card processing services outside a financial institution. Independent sales organizations ISOs are third-party entities that serve as intermediaries between businesses and the payment processors or acquiring banks. First Data reviews from merchants point out issues with funding holds, poor customer service, and exorbitant fees. The impact of a change in selling price is on the gross profit (dependent on selling. PCI-DSS lays out a set of standards for both digital and physical security that must be followed by all companies handling card data or involved in the payments process. What is an independent sales organization (ISO)? | StripeBuilding out a sales organization has historically been an incremental process: Scale in a linear fashion by hiring one salesperson at a time. insignificant, Studies show that listening to employees and building trust with them does what? a. Highlights for the fiscal second quarter ended March 31, 2022 vs. They are contracted by banks to acquire and manage. 66758 (November 3, 2005). What is an independent sales organization (ISO)? | StripeSales outsourcing refers to shifting a sales organization's sales activities in part or as a whole to an independent third party (Ross, Dalsace m & Anderson, 2005). Settlement must be directly from the sponsor to the merchant. TPT Global Tech also operates as a Master Distributor for Nationwide Mobile Virtual Network Operators (MVNO) and Independent Sales Organization (ISO) as a Master Distributor for Pre-Paid Cell. Benefits may include health insurance, housing, disability insurance. Also, the Independent Sales Organization has the authorization to issue merchant accounts to businesses. Here’s what ISOs are and what they do. Independent Sales Organizations (ISO) • ISO Merchant (ISO – M) – Conducts merchant account or transaction processing solicitation, sales, customer service, merchant training activities and / or solicitation and sales of POS terminals and / or mPOS devices. • A High Risk Independent Sales Organization (HR - ISO) is an ISO that enters into a contract with an acquirer to provide merchant solicitation, sales, customer service, merchant transaction solicitation and/or customer training to “high-brand risk merchants. Also known as a Member service provider, it is not a financial institution, but it represents it and offers services on behalf. It charges a monthly fee for its service and a per-transaction fee. Most commonly, ISOs work to sign up merchants for the bank. As an independent sales organization (ISO), you can upgrade your business by providing merchant processing services under your own brand.