Many Independent Sales Organizations (ISOs) are unregistered. The public nature of Visa’s new U.S. List of Registered Independent Sales Organizations will encourage banks and merchants to obtain information on ISOs to ensure a better understanding of their business partnerships. Now that listing information is readily available to merchants, the hope is that fewer unregistered ISOs will be allowed to solicit merchants.
In addition, the payment applications that merchants use and that ISOs sell, implement and support should also be on Visa’s list … more