Tag: residual income

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 […]

Calculating Payment Residuals – The Old Way and the New Way Calculating Payment Residuals – The Old Way and the New Way
Read MoreCalculating Payment Residuals – The Old Way and the New Way

Calculating residuals is one of the most important tasks ISOs perform each month because residuals represent the vast majority of revenues. Monthly residuals also determine how much an ISO’s independent agents earn, so their accurate and timely calculations are extremely important to the core employees that bring in merchants and drive portfolio growth. Unfortunately, it […]

Residuals: What They Are and How Residual Calculations Work Residuals: What They Are and How Residual Calculations Work
Read MoreResiduals: What They Are and How Residual Calculations Work

Residuals are a driving force behind one of the most important parts of the payments industry – independent sales organizations (ISOs). Residuals represent the reward that brings ISOs and new independent agents into the space, without whom a small handful of payment processors would be left to try to handle the millions of merchants across […]

Agent Split Percentage Added to Residual Details Agent Split Percentage Added to Residual Details
Read MoreAgent Split Percentage Added to Residual Details

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 […]

NMI Integration with IRIS CRM for Gateway Onboarding NMI Integration with IRIS CRM for Gateway Onboarding
Read MoreNMI Integration with IRIS CRM for Gateway Onboarding

IRIS CRM, the payments industry’s leading CRM, is known for its constant development and innovative feature additions. The IRIS team has answered the call of ISOs once again by adding an NMI integration that seamlessly connects the CRM’s ticketing system to NMI’s merchant onboarding system.  With the new NMI integration, IRIS CRM ISOs can now […]

What is an Unregistered ISO? What is an Unregistered ISO?
Read MoreWhat is an Unregistered ISO?

Registered and Unregistered ISOs fill a very important need in the payment processing industry – the need to connect millions of merchants around the globe with a relatively small number of payment processors.  ISOs resell merchant services on behalf of the payment processors so the processors can focus on handling the millions upon millions of […]

TSYS Partner Program -- How TSYS and Global Payments Put ISOs First TSYS Partner Program — How TSYS and Global Payments Put ISOs First
Read MoreTSYS Partner Program — How TSYS and Global Payments Put ISOs First

Payment processors provide the services that independent sales organizations (ISOs) resell to merchants, making them a core partner in the ISO business model. Likewise, without ISOs, processors would have to spend more time, money, and effort recruiting merchants than it’s worth for them, making the ISO-processor partnership a truly symbiotic relationship. But not all processors […]

Residual Calculations Residual Splits: The Importance of Accuracy and Clarity in Residual Calculations
Read MoreResidual Splits: The Importance of Accuracy and Clarity in Residual Calculations

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 […]

New Enhancements: Import Line Items & Select Ticket Due Dates New Enhancements: Import Line Items & Select Ticket Due Dates
Read MoreNew Enhancements: Import Line Items & Select Ticket Due Dates

Your favorite Merchant Services CRM has just received two new updates—the ability to Import Residuals Line Items and Select Ticket Due Dates.   The residuals line items help ISOs to make adjustments in their residuals reports by adding income or expense line items to users or merchants. Previously, the adjustments could only be made one […]

residual income formula Residual Income 101
Read MoreResidual Income 101

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. […]

Residual Calculations The Importance of Tracking Residuals Analytics for Your Business
Read MoreThe Importance of Tracking Residuals Analytics for Your Business

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 […]

Calculating Your Residual Income Calculating Your Residual Income
Read MoreCalculating Your Residual Income

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. […]

Residual Income Keeping Track of Your Residual Income: Proper Metrics to Prevent Discrepancies
Read MoreKeeping Track of Your Residual Income: Proper Metrics to Prevent Discrepancies

Cash flow is the absolute lifeblood of businesses today, which makes residual income all the more important to your company’s survival. The problem with making residual income is that it can easily become lost in a maze of confusion if you don’t have the proper management software. Without proper calculations, it could end up causing […]

residual income Residual Income and Your CRM
Read MoreResidual Income and Your CRM

The term residual income engenders many positive connotations. It is true that being able to achieve a residual income stream will bring about a steady income stream that keeps on generating cash flow for you after the initial work has been performed. However, a question that often gets overlooked relates to how you’re processing this income. A solid […]

residual income Working Hard and Gaining From It: What Is Residual Income
Read MoreWorking Hard and Gaining From It: What Is Residual Income

You’ve probably heard the saying “The rich get richer while the poor get poorer”. This is not necessarily unfair, as those getting richer are doing so by focusing on more than just active income. They are getting richer by using residual income to supplement that which they make actively. Now, to understand what residual income […]

residual income New Feature: Profitability Reporting and Enhanced Residual Income Page
Read MoreNew Feature: Profitability Reporting and Enhanced Residual Income Page

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. […]

how to calculate residual income 5 Tips to Help You Verify Your Residual Income Calculation
Read More5 Tips to Help You Verify Your Residual Income Calculation

Do you ever find yourself spending more time trying to figure out how to calculate your residual income than you do signing new merchant relationships? Before working with a new payment processor, discover their calculation and payment methods for your residual commissions. In addition, you should get information on how they provide your residual reporting detail to you. […]

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