Recent News: NMI Acquires IRIS CRM, Expanding Deeper in the Commerce Value-Chain

Tag: payments

IRIS CRM - NMI
Featured Article NMI Acquires IRIS CRM, Expanding Deeper in the Commerce Value-Chain

To meet increased demand for full commerce enablement solutions, NMI and IRIS CRM’s joint offerings better enable ISO, ISV, bank and fintech partners SCHAUMBURG, IL – JANUARY 18, 2022 – NMI, a leading full commerce enablement technology company, today announced it has acquired IRIS CRM, a premier merchant services CRM and comprehensive merchant management platform […]

What is a Payment Gateway? What is a Payment Gateway?
Read MoreWhat is a Payment Gateway?

Payment gateways are ecommerce solutions that connect customers, merchants, and payment processors to make the near-instantaneous handling of electronic payments possible. Some payment gateways are built directly into hosted ecommerce platforms, and some are third-party services that integrate with a seller’s merchant account and website. But, regardless of how a merchant employs a payment gateway, […]

IRIS CRM & Quickbooks Invoice Guide IRIS CRM & QuickBooks Invoice Guide
Read MoreIRIS CRM & QuickBooks Invoice Guide

Sending invoices and collecting payments is a vital part of running your business, meaning it’s important that you have the right tools for creating, sending, processing, and tracking all of your clients’ invoices and payments. IRIS CRM offers built-in invoicing and payment features that work hand-in-hand with the customer relationship management functionality to provide a […]

Understanding What a PayFac Does Understanding What a PayFac Does
Read MoreUnderstanding What a PayFac Does

New entrants into the payments industry have a lot of acronyms and contractions to sift through, and one that’s becoming more and more common is PayFac – short for payment facilitator. The PayFac model is readily gaining popularity across the industry, but merchants and industry pros alike who are more familiar with independent sales organizations […]

Invoicing & Payment Enhancements Invoicing & Payment Enhancements
Read MoreInvoicing & Payment Enhancements

Accepting invoice payments outside of IRIS CRM’s integrated payment options? Track the external cash, check, credit card, and ACH payments you receive by manually marking invoices as paid in IRIS CRM. Keep your CRM up-to-date and aligned with your accounting tools with our improved invoicing & payments functionality!  Easily track all key payment information including […]

What Are ISO Payments? A Quick Guide What Are ISO Payments? A Quick Guide
Read MoreWhat Are ISO Payments? A Quick Guide

Independent sales organizations (ISOs), also known as MSPs in the Mastercard world, are third parties that act as a bridge between merchants and payment processors (who are themselves often another bridge to the banks that offer merchant accounts.) ISOs partner with multiple payment processors and resell their payment processing services to merchants, along with a […]

TSYS ISO Program TSYS ISO Program – The Many Benefits of Partnering with TSYS / Global Payments
Read MoreTSYS ISO Program – The Many Benefits of Partnering with TSYS / Global Payments

TSYS is a world leader in payment processing, serving over 638 million accounts across 80 countries. In 2019 TSYS merged with Global Payments, another international leader in the payments space. Aside from great products and a stellar track record, a major factor in the company’s reach and success is its commitment to working with independent […]

What are ISOs/MSPs? What are ISOs/MSPs?
Read MoreWhat are ISOs/MSPs?

ISO, MSP, VAR, MPA, EMV, POS – the payments industry has no shortage of acronyms, and keeping up can be difficult, especially for new entrants. ISO and MSP – short for independent sales organization and merchant service provider, respectively – are two of the most common acronyms both merchants and professionals within the industry come […]

ISO Payments What Are ISO Payments? How Independent Sales Organizations Enable the Payment Ecosystem
Read MoreWhat Are ISO Payments? How Independent Sales Organizations Enable the Payment Ecosystem

Independent sales organizations are companies that partner with payment processors or more rarely banks to resell payment services directly to merchants. The primary revenue driver for most ISOs is merchant accounts – special bank accounts that enable businesses to accept credit card payments directly. When an ISO’s merchant makes a card sale through their merchant […]

CRM Payment Processing CRM Payment Processing – The Benefits of Customer Resource Management Systems for Independent Sales Organizations
Read MoreCRM Payment Processing – The Benefits of Customer Resource Management Systems for Independent Sales Organizations

Merchant services is a rapidly growing and highly competitive industry. To stay ahead of the pack, the most successful ISOs are always looking for ways to generate new competitive advantages and grab every chunk of additional market share they can. One of the most powerful ways an ISO can get an edge on the competition […]

ISO vs PayFac ISO vs. PayFac: How the Two Most Common Types of Payment Intermediaries Differ
Read MoreISO vs. PayFac: How the Two Most Common Types of Payment Intermediaries Differ

Independent sales organizations (ISOs) and payment facilitators (PayFacs) both act as intermediaries between merchants and payment processors, making them parallel channels in the overall payments ecosystem. However, despite their high-level similarities, there are some major operational differences between how ISOs and PayFacs operate. These include the responsibilities they carry out, their relationships with payment processors, […]

How Do ISOs Make Money? How Do ISOs Make Money?
Read MoreHow Do ISOs Make Money?

To the average outsider looking in, the payments industry can seem opaque. The opacity can act as a barrier to entry to entrepreneurial-minded people looking to seize on the opportunity card payments represent in today’s increasingly digital world. Independent sales organizations are arguably the easiest path into the industry for both outsiders looking to break […]

New Feature: Threaded Email Follow-Up Sequences New Feature: Threaded Email Follow-Up Sequences
Read MoreNew Feature: Threaded Email Follow-Up Sequences

We are excited to announce a new enhancement to IRIS CRM’s Status Triggers feature! ISOs can now set up threaded follow-up email sequences for their Status Triggers, with customizable email templates and the ability to set a specific number of days between follow-up emails in the sequence. To understand the value of threaded email follow-up sequences, […]

How Do I Become a Merchant Provider? How Do I Become a Merchant Provider?
Read MoreHow Do I Become a Merchant Provider?

Cash is rapidly becoming a thing of the past. With credit cards and contactless payments establishing themselves as the undisputed king in a post-COVID world, there is an enormous amount of opportunity abound in the payment processing space. One of the most prominent and relatively easy to access of those opportunities is merchant services. A […]

New Integration: Fiserv Reporting For Payment Facilitators New Integration: Fiserv Reporting For Payment Facilitators
Read MoreNew Integration: Fiserv Reporting For Payment Facilitators

We are pleased to announce that IRIS CRM is now integrated with Fiserv reporting for payment facilitators! Payment facilitators can now view Fiserv merchant account information, deposits, adjustments, retrievals, and chargebacks right from within IRIS CRM. IRIS CRM’s Fiserv Reporting for Payment Facilitators integration ensures that you have a stable, fast, and automated data feed […]

Priority Payments MX New Integration: Priority Payments MX Connect Reporting
Read MoreNew Integration: Priority Payments MX Connect Reporting

We are pleased to announce that IRIS CRM has completed its integration of Priority Payments MX Connect Merchant Portfolio Reporting!   ISOs can now view MX Connect merchant information, chargebacks, and daily batches with transactions right inside their Merchant Services CRM.   Enabling the new integration on your site takes only a couple of easy steps. […]

How Essential Software Is Accelerating The Evolution Of Payment Processing Globally How Essential Software Is Accelerating The Evolution Of Payment Processing Globally
Read MoreHow Essential Software Is Accelerating The Evolution Of Payment Processing Globally

For a long time, the payments industry was centered around countertop terminals in brick and mortar stores. These terminals operated via telephone lines and dial up connections, meaning processing moved at a glacial pace compared to the speed of today’s methods. Eventually, payment processors went the way of automation along with many other industries, with […]

payment industry trends New Payment Industry Trends Gives Fintech Firms Advantage Over Traditional Banks
Read MoreNew Payment Industry Trends Gives Fintech Firms Advantage Over Traditional Banks

Despite having a strong tradition of bringing innovative financial products to consumers, fintech companies can sometimes face an uphill battle when competing against traditional banks. However, recent proposed regulatory changes could help even the playing field for fintech firms. In new payment industry trends, the head of the Office of the Comptroller of the Currency, […]

payment industry news Does FinTech Offer Payments a Generous Helping of Confidence?
Read MoreDoes FinTech Offer Payments a Generous Helping of Confidence?

Payments News in a Sandbox If I were to embark upon this particular writing, while confined in a strict, regulatory environment–it would be the dullest, most uninteresting, and unimaginative article you ever sat down with your morning coffee to read. Initially, all creativity and innovation are fundamentally dependent on freedom–this is the exciting part. As […]

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