Independent Sales Organization definition

Independent Sales Organization. (“ISO”) means a person who enters into an agreement with a Payment Processor to sell or to market payment processing services to a merchant and who holds full or partial liability for a loss related to the payment processing activities conducted by or on behalf of the merchant.
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Independent Sales Organization or “ISO” means any Person that:
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Independent Sales Organization or “ISO” means any Person that (a) enters into an agreement or contract with a Payment Processor, Acquirer or Financial Institution to sell or market Payment Processing services to a Merchant; (b) matches, arranges for, or refers Merchants to a Payment Processor or Acquirer for Payment Processing services, or that matches, arranges for, or refers a Payment Processor or Acquirer to Merchants for Payment Processing services; or (c) is registered as an ISO or merchant service provider (“MSP”) with VISA, MasterCard, or any credit card association.
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Examples of Independent Sales Organization in a sentence

  • Nothing in this Section 2.8 shall be deemed to apply to services of the type provided pursuant to the Independent Sales Organization Sponsorship and Services Agreement between BPPR and EVERTEC or services of the type typically provided by Independent Sales Organizations to merchants.

  • Netspend is a registered Independent Sales Organization, acting pursuant to an agreement with the Issuer.

  • All compensation payments, taxes, fees or other obligations arising from the IC Agents shall be the sole responsibility of Independent Sales Organization.

  • If to Independent Sales Organization or Guarantor: To the address as set forth below on the signature page of this Agreement.

  • Any IC Agent shall be bound to all the same limitations and be subject to the same obligations as the Independent Sales Organization under this Agreement.


More Definitions of Independent Sales Organization

Independent Sales Organization or “ISO” means any Person that (a) enters into an agreement or contract with a Payment Processor to sell or market Payment Processing services to a merchant; and (b) holds, directly or indirectly, either partial or full liability in the event of losses related to the Payment Processing activities conducted by or on behalf of the merchant.
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Independent Sales Organization or “ISO” means any organization that (i) is not a member of VISA or MCI (or any other Association), (ii) is registered with and sponsored by a VISA or MCI (or any other Association) member and (iii) provides services to a VISA or MCI (or any other Association) member in connection with the member’s merchant or Card issuing program.
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Independent Sales Organization means a third party service provider sponsored by Xxxxxx Bank pursuant to the Network Rules.
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Independent Sales Organization or "ISO" means any organization that: (i) is not a member of Visa, (ii) provides services to a member of Visa in connection with the member's merchant and/or credit card issuing program, and (iii) is registered with and approved for such purpose by Visa.
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Independent Sales Organization means a non-Affiliated sales organization that may refer merchants to NDPS in connection with the Merchant Business.
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Independent Sales Organization or “ISO” means any Person or entity
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Independent Sales Organization means a third party sales organization which refers Merchants to the Seller in connection with the Merchant Business.
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