Payment Savvy

FEBRUARY 6, 2023

Since the majority of merchant accounts are being opened by ISOs or MSPs, you may already be familiar with these acronyms. Understanding the basis on which ISOs operate and how they can be beneficial for your business can help you in deciding which payment processing solutions make sense for you. How Trustworthy Are ISOs?

ISOs

FICO

NOVEMBER 1, 2016

These requirements are consistent with ISO 27001 standards and leading industry practices. The requirements also mandate that organizations include these enhanced standards in their contracts with third-party service providers. Annual certification.

Cybersecurity

PYMNTS

MARCH 19, 2020

As Brandli noted, financial services firms and banks must automate large swaths of their payments control processes. “We The revenue model of banks is changing,” said Brandli, “and will move more toward having third-party service providers offering services, and the banks underpinning that with the actual processes.”.

Instant Payments

PayHawk

APRIL 18, 2023

Independent Sales Organization (ISO) A third-party organization that contracts with payment processors to sell merchant accounts and processing services. Payment Gateway A service that enables merchants to accept electronic payments from customers through a website or mobile application.

Process