Tag: residual income calculation

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 […]

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. […]

Automate ISO Residual Calculations Automate ISO Residual Calculations
Read MoreAutomate ISO Residual Calculations

ISO residual calculations are central to any business in the payments processing industry. But do you automate ISO residual calculations? This is because as an ISO, you establish relationships with banks but function as an independent entity. You don’t handle merchant money flat-out but instead work as a contractor, able to set independent rates and […]

Residuals Reporting Why Residual Calculations Are Important
Read MoreWhy Residual Calculations Are Important

People that work in sales do residual calculations for a variety of reasons. There’s the thrill of the chase — of moving contacts through the sales funnel, from prospect to closed deal. Then there are the fast-paced days that are always changing and challenging agents to think on their feet. All of these factors play […]

residual income calculation Processor Boarding Integration Refresher
Read MoreProcessor Boarding Integration Refresher

IRIS CRM can streamline boarding for multiple processors including: First Data Vantiv Priority (TSYS/Cynergy platform) Pivotal (TSYS USA platform) iPayment   An ISO with these relationships can submit a merchant to any of these processors from their IRIS site.  No need to log into the different processor tools and re-key everything they have already collected. IRIS […]

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