Tag: calculating residual income

NMI Boarding is Better Together with IRIS CRM
Featured Article NMI Boarding is Better Together with IRIS CRM

After months of hard work and collaboration the NMI and IRIS CRM teams are proud to announce significant updates to the NMI payment gateway boarding integration. You are now able to use the power of the merchant data from your CRM in combination with the full suite of NMI boarding settings to make IRIS CRM […]

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Helping merchants fight fraud in 2023
March 15, 2023

Between 2011 and 2020, losses from global payments fraud more than tripled from under $10 billion to over $32 billion. That already rapid growth was supercharged by the global pandemic, especially in the ecommerce sector, which on its own is expected to cost merchants around the world a staggering $48 billion in fraud losses in […]

Best Card’s Switch to IRIS CRM: Lessons from Swapping Out Salesforce
March 7, 2023

When independent sales organization Best Card realized it was time for a new CRM, it made the switch to IRIS CRM after being a Salesforce user for nearly a decade. By migrating from Salesforce to IRIS CRM, Best Card gained an entire suite of industry-specific payments features designed to solve the exact problems that were […]

ISO Growth with NMI: Reach More Merchants. Serve More MIDs. Maximize Profits.
February 28, 2023

IRIS CRM users are highly familiar with how the system’s suite of payments-specific sales and productivity tools can change the way an ISO does business and drive explosive growth. But, if your ISO is looking to take growth and profitability to an even higher level, integrating IRIS CRM with the full line of commerce enablement […]

Credit Card Surcharges: What Growing Businesses Need to Know About Recouping Transaction Fees Legally
February 16, 2023

Credit card surcharges are becoming more and more common both in-store and online as merchants look for ways to bolster profitability. But why do surcharges seem to have popped up so widely and suddenly over the past few years? The simple answer is that, until recently, merchants weren’t allowed to surcharge customers in most markets […]

Residuals Agent Split Percentage Added to Residual Details November 30, 2021

IRIS CRM residuals reporting for sub-ISOs just leveled up thanks to the addition of the agent split field in the Residual Details report. By having the agent split information available in the detailed residuals reporting, sub-ISOs can easily export the detailed report from the IRIS CRM site of the ISO they’re working with and import […]
IRIS CRM Blog Independent Sales Organization Merchant Recruiting Tips August 4, 2021

Competition in the payments industry is fierce, and independent sales organizations looking to rise to the top and maximize growth need to find ways to consistently recruit more, higher-quality merchants than the competition. The following represent three simple, but effective tactics your independent sales organization can use to beat the competition by finding more leads, […]
IRIS CRM Blog Residual Splits: The Importance of Accuracy and Clarity in Residual Calculations April 15, 2020

An extensive, healthy residual portfolio is the goal of every independent sales organization, and the independent agents working for them. So, it should come as no surprise that the way you split those all-important residuals with your agents is fundamental. Not only do split percentages and residual agreements impact your bottom line, but they also […]
IRIS CRM Blog IRIS CRM Sales Tools Your Team Will Use Every Day to Drive Up Conversions and Close More Deals April 8, 2020

Payment processing is a competitive industry, and to ensure your independent sales organization’s continuous growth and the health of your residuals portfolio, it’s crucial that you provide your team with the most modern tools available to help them succeed. IRIS CRM, the payments industry’s leading customer resource management platform, is designed specifically to help agents […]
IRIS CRM Blog Purchasing Residuals: The Best Way to Grow Your ISO March 11, 2020

Constant positive growth is the goal of every business, and for independent sales organizations, growth is all about maximizing residuals. Residuals are the lifeblood of your business, and there are a number of ways to ensure they’re constantly trending upwards. Perhaps the most obvious is to have a constant stream of new, high-quality merchants coming […]
Residuals Residual Income Definition – What Are Residuals and Why Are They So Important to Independent Sales Organizations? November 29, 2019

Residuals are the lifeblood of independent sales organizations, and understandably, ISOs and agents alike have a vested interest in ensuring the health and consistent growth of their residual portfolios. But residuals aren’t straightforward, and new agents and ISO employees often lack a clear picture of exactly what residuals are or how they impact ISOs and […]
Sales Efficiency Residual Income 101 July 15, 2019

Selling merchant accounts in the payment processing industry is no walk in the park. Welcome to residual income 101. For starters, the digital payment industry is still very diverse and evolving quickly. Pair this with the fact that non-cash methods of payment now dominate purchases made globally, and high demand meets high levels of competition. […]
Industry News The Importance of Tracking Residuals Analytics for Your Business July 5, 2019

It’s one thing to have a tool in place for getting a job done. It’s another to have one that helps you get the job done more efficiently and effectively. Enter: the importance of tracking residuals analytics for your business. Based on results from a survey conducted in 2018, Statista reported that only 16% of […]
Sales Efficiency Integrating Elavon with IRIS CRM: How Two of the Payment Industry’s Leaders Come Together to Benefit Your ISO June 15, 2019

For 25 years, Elavon has offered merchant and payment services for companies at every level, from the smallest businesses to the largest enterprises. Their ability to provide the right payment solutions, at the right scale and the right price has made Elavon’s merchant services the go-to choice for over one million businesses. They now process […]
Featured Functionality Calculating Your Residual Income April 11, 2019

As a payment processing business, you’re monitoring any number of operational happenings on the daily. This includes everything from the appointments set and deals closed across your sales team, to the streamlined onboarding and timeliness of responses from customer support. These are necessary aspects for keeping your business alive and well in the short term. […]
Featured Functionality New Enhancements: Expire Splits & Net Payout Settings For Residual Calculations September 11, 2018

As a business in the payment industry, having access to accurate and flexible residuals reporting is an absolute must-have to be successful.   IRIS CRM is are aware of the importance of efficient residuals reporting, which is why we continue to heavily invest in residual reporting enhancements.   As the newest additions to our powerful residual […]
Featured Functionality New Feature: Profitability Reporting and Enhanced Residual Income Page September 14, 2016

IRIS CRM is excited to debut our residual income reporting module. As well as our enhanced Residual page that is now optimized and will load extremely quickly. IRIS CRM has added profitability data to the automated residual income calculation reports we offer.  IRIS clients can use this information to make important decisions on the fly. […]
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