For Support: support@merchantone. branding. This Amended and Restated Independent Sales Organization Sponsorship and Services Agreement (this “Agreement”), effective as of this 30th day of September, 2010 (the. Independent sales organizations that sell complementary, but noncompeting, products from different manufacturers; also called manufacturer's representatives or reps. Lack of Awareness About PCI-DSS Among Small Merchants 10 4. Demonstrators. It also. 3. Account Sales Consultant. Finding a Good Quality White Label Payment. OVER 1100 SALES REPS LISTED. S. 2. Reduced Overhead. BayView Entertainment has been leading low budget film distributors in this field for fifteen years across all film genres. Use sources such as medicare. pptx), PDF File (. Cell: 000-000-0000. We cover the West Coast, National Key accounts and provide service to: • Brick and Mortar stores • DistributorsAnd yet, Independent Sales Organizations (ISOs) and MSPs are rarely at the forefront of financial services innovation. AMENDED AND RESTATED . As an agent, finding the right ISO to work with is crucial to building a great portfolio. Dr. Small Business. A sales organization that is the third party and that works by signing up merchants to accepts credit cards. ISO (also known as Independent Sales Organization and Member Service Provider) is an organization that works on behalf of the credit card company or bank to create new client relationships. 2% + $0. Carat drives more commerce. 2. Where independent ATM ownership or operation is the customer’s core business, a company may own and deploy multiple ATMs that service thousands of consumers. Mid-Sized Business. For Information: [email protected] sales organizations of all types rely heavily on technology to help them reach more merchants, deliver better service, and maximize residuals. Sign on to a processing partner where they provide outstanding training and support. Our Certified Clover Partner Program is designed to ensure our merchants work with reputable Clover partners when purchasing Clover point-of-sale (POS) solutions to help grow their businesses. By becoming a registered Independent Sales Organization (ISO), businesses can gain credibility and access a plethora of tools and resources. INDEPENDENT SALES ORGANIZATION PROCESSING AGREEMENT . Related to Independent Sales Organization (. Today’s case alleges that the defendants – an Independent Sales Organization (ISO), sales agents, and their principals – provided the MNF scheme access to the credit card networks by submitting and approving fraudulent applications in the names of more than 40 fictitious MNF companies. The ISO, on the other hand, is not allowed to touch the funds. Independent Sales Rep Companies | MANA Manufacturers Why Use a Manufacturers Representative? When a manufacturer, distributor or service company determines that. seeking independent sales representation and independent sales reps seeking new lines to represent. Mary Kay. The PF may choose to perform funding from a bank account that it owns and / or controls. , the direct seller supplies goods for resale to. Merchant Industry LLC partners are specialists in their fields and can help you navigate the challenges your business may face. and in more than a dozen countries around the world. 7. C. ISOs have relationships with acquiring member banks, allowing them to provide merchant services to their customers. What is an independent sales organization (ISO)? An ISO is a third-party company that is authorized to extend credit card processing services to businesses. Most of our board and the MANA staff are made up of working and retired manufacturers and sales reps. Identify your strengths and weaknesses. (AIM/R) is a trade association of independent sales representatives in the plumbing, HVAC/R, kitchen/bath, waterworks, irrigation and related industries. paceX, the rocket firm founded and run by Elon Musk, has nabbed billions of dollars of government contracts last year, helping the company earn the 145th spot on. An independent sales organization is an provider. Rating: 6. AROMATHERAPY AND ESSENTIAL OILS DIRECT SALES. " Find and check a charity using Candid's GuideStar. Pinnacle WebWorkz Inc. Newest Companies. Signing up with each network. Multi-level marketing (MLM), also known as direct marketing or network marketing, is a method of selling products directly to consumers using independent sales representatives. In other words, an ISO is a third-party company that can sign up your business to accept credit cards. , a wholly owned subsidiary of The OLB Group, Inc. In lieu of true innovation or breakthroughs, ISOs and MSPs will face smaller. #4 #3 #2 #1 #5 #6 #7. Compensation is ultimately based on sales and may be earned. This critical sector requires values-driven leaders who bring a diverse range of perspectives and skills combined with the ability to lead in complex environments with wide ranges of. The Best Direct Sales Companies to Join. 1-800-725-1243. These states account for about 30% of the total companies and a whopping. 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. Independent Sales Organization (ISO) Third Party Processor (TPP) Data Storage Entity (DSE) Payment Facilitator (PF) Staged Digital Wallet Operator (SDWO) Digital Activity Service Provider (DASP) Token Service Provider (TSP) Terminal Servicer (TS) AML/Sanctions Service Provider 3-D Secure Service Provider (3-DSSP) Merchant. 10. J. Visa Third Party Agent Program (Independent Sales Organizations / Encryption Support Organizations) Third Party Agents that perform solicitation activities (ISO) without touching cardholder data must be registered with Visa. What is an independent sales organization (ISO)? An ISO is a third-party company that is authorized to extend credit card processing services to businesses. 3 Wholesale Distributors Independent versus Company Reps Captive versus independent sales rep. A Win For All. This process involves several steps: Finding a sponsor bank. If you are a Payment Facilitator (PayFac/PF) or Independent Sales Organisation (ISO), then you must send additional fields to identify yourself and your sub-merchants. Functional Structure. By providing us with an email address you are expressly consenting to receiving email communications — including but not limited to Marketing material/advertising, promotions, sales campaigns, and questioner/research surveys. Premium Retail Sales and Marketing Agency. Agent. Its full suite of sales, productivity, and analytics tools. 2 . See moreAn independent sales organization, or ISO, is an outside provider who connects merchants to credit card processing. As this industry always does, it persevered through 2020, though not without bruises. Find Independent Sales Reps | 305 followers on LinkedIn. ISOs are third-party entities that serve as intermediaries between businesses and the payment processors or acquiring banks. Dish. Bankers need to fully understand merchant processing and its risks. Here are 10 large companies and small operations offering high-paying opportunities for independent consultants: 1. By working with a variety of these kinds of providers, an. ISOs operate independently, but have relationships with acquiring banks and payment gateways. 2. March 4-6, 2024. IMO is short for “independent marketing organization. Independent sales organizations find and recruit merchants and sign them up for payment processing services. An independent sales organization also called a member service provider (MSP), is a third-party company that’s contracted by a credit card member bank to establish new merchant relationships. An independent sales organization will a provider who connects merchants to credit card processing. Leaders can also use this metric to develop their overall sales strategy and come up with accurate forecasts moving forward. and many foreign countries. Mid-Sized Business. , a wholly owned subsidiary of The OLB Group, Inc. 2000, the Commission encouraged. The owners of privately owned ATMs, known as Independent Sales Organizations (ISOs), can be large-scale operators or single ATM owners where the ATM is located in the establishment controlled by the owner. This Independent Sales Organization Processing Agreement (“Agreement”) is entered into this 22nd day of August, 2022 (“Effective Date”), by and between eVance, Inc. If you are an independent sales rep looking for a CRM system, let’s talk about CRMPlus. Sales Professional Associations & Organizations bring people together to promote the industry's mission and to connect with like-minded professionals. These resources enable them to provide top-notch payment processing services, making transactions seamless and secure. 10 * 200 = $20, so a total of $25. New Accounts: (800) 610-4189. 1. The NATIONAL REGISTER of INDEPENDENT APPAREL & ACCESSORIES SALES REPS. The public nature of Visa’s new U. While all three can sign up new businesses and offer payment processing solutions, independent sales organizations operate more on the front lines. Independent reps’ line cards usually list several related, non. Management Structure. 877·626·2776 (U. Businesses can create new customer experiences through a single entry point to Fiserv. An ISO or independent sales organization in the merchant services industry is a third party payment processing company that is authorized to handle accounts for businesses, and they become the key link between the business and the card issuer, namely Visa or MasterCard. You can become an independent sales rep from home with the following steps: 1. BlackRock 's most notable exits include Rivian , Airbnb , and SoFi. Finding a Good Quality White Label Payment Services Provider: Definition of an Independent Sales Organization. In other words, an ISO is a third-party company that can sign up your business to accept credit cards. Register Here. INDEPENDENT SALES ORGANIZATION . ISOs work on behalf of banks and card networks to set up new merchant accounts, acting as an intermediary between these entities and businesses that want to accept card payments. Country Selector; Contact Us. Independent sales organizations are a key component of the overall payments ecosystem. Subsequently, in Order No. A field sales agency producing the same volume at a 5% commission rate would cost only $100,000. Key Takeaway. 2645. RESOURCES • Key Blocks FAQsFor the past 24 years, Selling Power magazine’s research team has ranked companies according to the estimated number of salespeople they employ. We work with hundreds of ISOs across the nation to help clients handle payment processing in ways that truly benefit them. Group Independent Sales Organization Incorporated filed as a Domestic Corporation in the State of Nevada on Thursday, June 27, 2002 and is approximately twenty-one years old, as recorded in documents filed with Nevada Secretary of State. The agency has four offices — Chicago, Milwaukee, New York, and Phoenix — and offers a wide range of advertising and marketing services. Under the Bank Secrecy Act, the term “bank” is defined in 31 CFR § 1010. To be tax-exempt under section 501 (c) (3) of the Internal Revenue Code, an organization must be organized and operated exclusively for exempt purposes set forth in section 501 (c) (3), and none of its earnings may inure to any private shareholder or individual. ). CB Rank (Hub) 696. . IMO is short for “independent marketing organization. Independent System Operators (ISO) grew out of Orders Nos. VERIFIED. Omega Processing Solutions, LLC is a registered ISO/MSP of Deutsche. ISOs are third-party entities that serve as intermediaries between businesses and the payment processors or acquiring banks. Here's what ISOs are, method they work and how you'd need one. ISOs facilitate payments and provide ongoing support for their clients. 2 min Updated: Jun 8, 2023. 5. However, MedCepts has seen a growing trend for contract sales opportunities in medical device sales. You should also check what product lines they have available. Willing Beauty is a direct sales company for young girls. Another common term for this is “merchant service company. Medicare Supplements Medicare Advantage Medicare IMO. As of 11/1/2011. A. Getty. Managing Sales Compensation Across the Economic Cycle: Direct Sales Force Versus Independent Reps. Whether you're looking for Direct Sales Companies to Buy products from, or Direct Sales Businesses for Homebased Employment, you can find it here. One great. Promotion of the outsourced sales method of going to market to industry, government and academia. Our members span the breadth of significant payments and fintech companies, from the largest incumbent players to the emerging disruptors in the U. Starting from the very beginning, Independent Sales Organization is a third-party organization responsible for processing payments and handling merchant accounts for companies. Average Founded Date Aug 26, 1990. Developers. In fact, it might be a good idea to work with multiple sponsors and resell their products. Here are 10 large companies and small operations offering high-paying opportunities for independent consultants: 1. Mentorship, lead. And while some ISOs are better suited for certain types of. Selling Power’s 2022 list of the 500 top companies in America, which employ the world’s largest sales forces, depend on millions of salespeople to achieve their revenue goals, and the number of salespeople. . You can become an independent sales rep from home with the following steps: 1. The Electronic Transactions Association (ETA) is the world’s leading advocacy and trade association for the payments industry. 6. Industry Groups Sales and Marketing. "We must work together to support local booksellers everywhere so that they can continue to thrive and champion books on a local level with the personal touch and human connection that we all need, now more than ever. EpicPay International LLC, DBA Fortis Payment Systems LLC is a registered Independent Sales Organization of Wells Fargo Bank, N. October 13, 2021 There are many moving parts in the payment industry, and keeping track of everyone involved in processing a credit card transaction can be a difficult task, especially for newer merchants just getting started. ISO acts as an intermediary between merchants and financial processors for credit, debit cards, and ACH payments. By Ellen Cibula Updated on April 25, 2023. Most companies don’t put a commission cap on commission plans, so the sky’s the limit for sales reps. branding. Independent sales organizations (ISOs) offer businesses an opportunity to work with a trusted, well-respected company–many ISOs have been in business for decades. Sales Titles that Candidates Search for the Most (with Retail) 1. Independent Sales Organizations. In many cases, sales organizations operate as “ISOs” under a Visa-approved. your sales organization prepare for the future, which is coming at us faster every day. Unsurpassed payment technology allows you to capitalize on every payment processing opportunity that comes your way. S. In lieu of true innovation or breakthroughs, ISOs and MSPs will face smaller. Follow Us. The importance of acquiring this information and managing it properly cannot be overstated, since it is critical to the long-term viability of your organization. Independent Sales Organization. Identify your strengths and weaknesses. Describe how sales organization are using Sales 2. Independent sales representatives in the 10th percentile earn around $28,000 annually, while the highest paid earn $120,000 a year. An independent sales organization is a provider who connects merchants to credit card processing. マーチャントサービスプロバイダーとしても知られているマーチャントは、XNUMXつまたは多くの取得銀行に代わってカードを受け入れます. Sales organizations need to. 3. Use sources such as medicare. Distributor. The independent sales. Our company is looking for a channel sales manager in [location]. By becoming a registered Independent Sales Organization (ISO), businesses can gain credibility and access a plethora of tools and resources. In the payments industry, independent sales organizations (ISOs), member service providers (MSPs) and sales agents are often used interchangeably. SPONSORSHIP AND SERVICES AGREEMENT . No one pays to be in the Directory: they personally contact every company to be included in this directory. Most privately owned ATMs dispense currency, but some dispense scrip (a paper receipt) that can be exchanged for. Most sales departments have hybrid organizational structures, with variations to adjust for personalities and to fit specific operating conditions. Many Independent Sales Organizations (ISOs) are unregistered. Upon approval, the applicants must pay registration fees of $5,000 for every MasterCard Association. Independent sales rep here. is a registered Independent Sales Organization of Wells Fargo Bank. An Independent Sales Organization (ISO), also sometimes referred to as a Member Service Provider (MSP), is an organization authorized to provide merchant services to businesses. If you feel your current employment doesn't allow you to reach your full potential, you may want to consider becoming an independent consultant. Origami Owl . Payment card network operators (PCNOs) and their participants, including card issuers and acquirers, independent sales organizations (ISOs) and other service providers such as terminal leasing, are collectively referred to in this FCAC Guideline as Participants. Roofing sales and cleaning services. And though most rent-a-BIN agreements assign all liability related to MasterCard rule violations to the sponsored acquirer, MasterCard will still look to the. 1. An independent sales organization or direct lender must decide whether your firm requires a small business loan or a merchant cash advance before providing business funding. Agent Partners. The states in which the Selling Power 500 companies employ the largest sales organizations are California (7,103,557), New York (6,625,353), and Florida (2,955,358). Our Certified Clover Partner Program is designed to ensure our merchants work with reputable Clover partners when purchasing Clover point-of-sale (POS) solutions to help grow their businesses. Here’s a list of best practices to keep in mind: 1. Building a killer sales portfolio that ensures maximum returns on your investment of. Box 715, Richmond, Virginia 23218-0715, or faxed to 804. The following represent just a few of the key benefits ISOs stand to enjoy by joining the program and adding TSYS to their roster of payment. Group Independent Sales Organization Incorporated Overview. A. In addition, it may not be an action organization, i. DIRECT SALES COOKING & BAKING COMPANIES. Boost your credentials on-paper and increase your exposure to sales training and professional networking opportunities by joining a Sales Professional Association. Site Search. I’ll address in this article merchant account providers and the role of independent sales organizations. Available from Neville, Kate. A statement that it is a nonexclusive sales agreement, allowing you to work with other sales representatives. Sales Representative Home Depot | How to Sell to Home Depot. com. ” Encryption Support Organization (ESO) Performs cryptographic keyA Merchant Services Agent, a Member Service Provider (MSP), also known as Independent Sales Organization (ISO), is used interchangeably within the payment processing industry. About ETA. Bankers need to fully understand merchant processing and its risks. They generally use a third-party payment processor to conduct the actual transactions. Shared services provide superior back-office services while allowing the. Send Message. The states with the most Selling Power 500 companies are California (63), New York (49), and Illinois (40). 3. 4. The Direct Selling Association (DSA) is the national trade association for companies that market products and services directly to consumers through an independent, entrepreneurial sales force. e. The Visa Global Registry of Service Providers is the payment industry's designated source for information on registered and compliant agents that provide payment-related services to Visa clients and merchants. List of Registered Independent Sales Organizations will. Here’s an explanation of their differences in more detail: Independent sales organisations. Become a Merchant Industry Independent Sales Organization today! Our Partners. 3302Carat is the Fiserv omnichannel commerce ecosystem that delivers unlimited global payment opportunities across any channel. They are most well-known for their leggings with fun and fashionable patterns. Think About The Sales Cycle Of Your Products/Services. The larger the Independent Sales Organization is, the bigger the risks and liabilities that are associated with them. Independent Sales Representative seeking an opportunity to boost sales for a reputable company in need. 371. This company is a privately owned jewellery company. 14. Independent Sales Partner Application Form. Working on a 1099 as independent contractors, manufacturer’s representatives are only paid commission on sales made in their defined territory. Professional Summary. However, it is essential to be aware that you. The ISO, or independent sales organization, became the workhorse of payments distribution. A, Canada and LAC The following Independent Sales Organizations (ISOs) types are listed below: MERCHANT (M) Provides merchant solicitation support, sales support, customer service, merchant. Better decision-making. Review annual sales goals. IMOs are sometimes a little smaller than FMOs and may not be able to pay agents as much in commission as. Knowledgeable sales force. Esquire Bank can develop a customized, flexible and cost-efficient traditional ISO program or BIN sponsorship program for your independent sales organization (ISO) that combines payment processing and banking into a single solution that works for your merchants—and your business. An ISO is a company that markets acquiring services to merchants on behalf of an acquiring bank. Monthly sales bookings. Resume Text. Drew Albermarle. Uppercase Living requires demonstrators to generate $300 in sales each quarter. Drive your business to the next level with IMCO, a leading Medical Distributor Association. [1] : 6 In a narrower sense, the term refers only to those independent agencies that, while considered part of the executive branch. Regional Sales Manager: Regional sales managers lead regional sales teams and provide support to national sales organizations. Rep Hunter ® Reviews Blog Contact Us 877-895-2909 LoginSpecifically, you ask whether the services provided by the Company as an Independent Sales Organization (“ISO”) and as a payment processor would make the Company a money transmitter under the BSA. Founded: 1898. Generally, ISO sales representatives receive a commission for each merchant they sign. Credit Cards & Transaction Processing · New York, United States · <25 Employees. This brings the average annual sales per salesperson to over $5. com. An independent sales organization is a provider who. Willing Beauty is a direct sales company for young girls. By working with an Official Clover Partner, you gain the confidence of knowing you will experience next-level technology, backed by the security and. - ISO - M CA HONEYTREE BANKCARD. , not-for-profit / non-profit organizations are known as societies. v. Per its website, it has partnerships with: Amazon. The top 50 insurance companies employ sales forces totaling 626,917 across the industry, with an average sales volume per salesperson of $2,105,212. With an employee, one is paying for him or her to do what is asked, whatever that might be. An independent sales organization is a company that acts as a link between merchants and payment processors, reselling payment processing services and providing ongoing support in exchange for a small slice of each transaction. midsize banks, which often use the services of independent sales organizations or membership service providers (ISO/MSP), join partnerships or alliances, or enlist agent banks. If you’re looking for something specific, check out these lists: Best Direct Sales Companies in Canada. Davison Product Group, LLC 1515 International Pkwy, Suite 2019 Heathrow, Florida 32746. This could also be a great way to leverage your network if you are an established self-employed professional, sales, or. Whether you're looking for Direct Sales Companies to Buy products from, or Direct Sales Businesses for Homebased Employment, you can find it here. Founded 2014 Est. You will see designations like FMO (field marketing organization) and NMO (national marketing organization) used interchangeably. City, State, Zip Code. Madhani. An ISO is a company that processes third-party payments. CRM. Address: 1245 Southridge Court, Suite 101, Texas, United States 76053. All companies’ sizes and industries are. means an organization registered with Visa and sponsored by an acquiring bank to sell Visa card acceptance services; also refers to an organization that works with and does business under the name of such a registered ISO. If you are considering a career in sales, here are a few tips on how to become an successful independent sales organization: 1. These goals show the sales team where the business wants to go and how they can help get it there. Payment processing is a fast-paced, dynamic business that offers unlimited opportunities for agents and ISOs to build a business with robust recurring revenue. An independent sales organization servicing contract furniture dealers, architectural and interior design firms in the office furnishings industry. Distribution channel examples in business to consumer markets include: Manufacturers sell their products directly to retailers, using their own sales force. An independent sales organization (ISO) is a specialized third party that sells credit card processing services outside a financial institution. Pankaj M. Independent Sales Organization (ISO): An ISO is an Independent Sales Organization that represents a Bank or Bank/Processor alliance. , Ste. The simplest answer is that an independent sales organization is a company that resells payment processing to merchants on behalf of a processor or acquiring bank. Mid-Sized Business. Worldline and Bambora are registered trademarks and trade names owned by the Worldline Group. ”The states with the most Selling Power 500 companies are California (63), New York (49), and Illinois (40). (®) a wholly-owned subsidiary of First Data Corporation, and are registered or used in the U. By creating roles and outlining duties, you're able to move prospects effectively through the sales pipeline. Therefore, they partner with one or more acquiring banks. Total System Services, Inc. ISOs may also service merchant accounts once they are registered, dependent upon the. Small business is big business in B. AROMATHERAPY AND ESSENTIAL OILS DIRECT SALES. Mid-Sized Business. And though most rent-a-BIN agreements assign all liability related to MasterCard rule violations to the sponsored acquirer, MasterCard will still look to the member. Independent. 3. The primary revenue driver for most ISOs is merchant accounts – special bank accounts that enable. BAMBORA INC. S. Email. Where independent ATM ownership or operation is the customer’s core business, a company may own and deploy multiple ATMs that service thousands of consumers. Maximizing your earning potential. Inclusion on the registry indicates only that the service provider successfully completed registration with Visa. "ISO abbreviation stands for Independent Sales Organization. With employees, one controls not only the nature of the work, but the method, manner, and means by which they do it. . Functional and committee organization are rare. ppt / . Although it is not necessary to have a college degree to be a successful salesperson, it is important to have a basic understanding of the industry in which you. EDGE Credit Card Processing: How it Works for Agent and Independent Sales Organizations . 3. Contract Sales organizations primarily focus in the pharmaceutical industry. An Independent Sales Organization (ISO) is a third-party payment processing company authorized to handle merchant accounts for businesses. Customizable Merchant Services Agent Program designed for independent sales organizations who want to build a more profitable business. Unlike an acquirer, ISO’s are not card association members. Chapter 4 - Sales Organization - Free download as Powerpoint Presentation (. The recently launched Square for Restaurants offers services such as integration with delivery platforms, order modification, the. All it takes a brief conversation with one of our professionals who will guide through the rest of the set up process. Find the Right Partner. The Oklahoma State Department of Education (OSDE) is required under Section 4203(a)(11) of the Every Student Succeeds Act (ESSA) Title IV, Part B, 21st Century Community Learning Centers (21st CCLC), to prescreen external organizations that could provide assistance with the implementation of 21st CCLC programs and make a list of. ) 15. You’ll earn a commission of 25–40 percent on items you sell, plus an additional commission from the sales of other people you recruit to sell for the company. Independent sales organization. Find answers and support related to your Clover device and applications. While it’s common knowledge that the self-employed earn more and eventually enjoy a better work/life. Manufacturers often sell directly to retailers or consumers, using distributors or independent sales organizations (ISOs) that act as intermediaries. This often involves helping them open new merchant accounts with the bank, and some merchants will even seek them out. Independent distributors get paid via sales they make through social media and word of mouth. With aggressive buy rates and revenue sharing, get rewarded for higher application counts and volume. Societies are independent, democratic organizations that are required to comply with the and their. About Direct Selling. ISOs help merchants, like IWorks, acquire merchant accounts with banks. ISOs also are called merchant service providers (MSPs) when they offer financial transaction. Follow these steps to grow your ISO business: 1. The independent marketing organization you've been looking for. One way of organising the sales effort, especially when product. 4. Participants are responsible for ensuring that the following Code requirements are. An independent sales organization (or ISO) is a company that sells credit card processing services independently from a financial firm or bank. • A High Risk Independent Sales Organization (HR - ISO) is an ISO that enters into a contract with an acquirer to provide merchant solicitation, sales, customer service, merchant transaction solicitation and/or customer training to “high-brand risk merchants. Executive Vice President of Sales: Executive vice presidents of sales are responsible for overseeing all areas of the company's sales department such as training, marketing &. Sandy Travers. MANA promotes legislation beneficial to members at the state level. Undertaking the role of an independent sales representative requires many traits in-order to be successful, the most prominent of which is possessing an enterprising attitude, a desire to control your own destiny and a hunger for greatness. 3. Role of Independent Sales Organizations (ISOs): ISOs are third-party entities that handle payment processing and merchant accounts for businesses, serving. is $94,358. 31Become a payment service provider today and take your business to the next level. Payment. Yes. The definition of Independent Sales Organization. As one of the largest payment processors for Canada, Clover’s all-in-one point-of-sale and payment solutions help small businesses grow. The term is derived from the merchant services and credit card processing industry but has evolved into business.