Independent Sales Organizations definition

Independent Sales Organizations or "ISOs" means a third-party sales organization for which services related to Credit Card and/or Debit Card processing are provided by or on behalf of Seller.
Independent Sales Organizations or “ISO” means a Person or entity that is registered/sponsored with respect to a Network by a member of such Network to deploy and/or service Terminals which are used to conduct Transactions across such Network.
Independent Sales Organizations has the meaning set forth in the Investment Agreement.

Examples of Independent Sales Organizations 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.

  • Merchant acquirers usually work with independent agents or companies, sometimes known as Independent Sales Organizations (ISOs) or Member Service Providers (MSPs), which sign up merchants.

  • Each policy is an integral part of the transactional contracts between the Company, its Independent Sales Organizations (ISOs), its agents, and the merchant clients.

  • Merchant acquirers usually enter into agency agreements with independent agents or companies, sometimes known as Independent Sales Organizations (ISOs) or Member Service Providers (MSPs), which sign up merchants.

  • Independent Sales Organization may engage independent agents (“IC Agents”) to perform Independent Sales Organizations services under this Agreement.

  • Consent can be obtained only from Bank and cannot be granted by Bank’s agents, affiliates, Independent Sales Organizations (ISOs), Merchant Service Providers (MSPs) or other non-Bank entities.

  • Banks may also serve as Card Issuing Banks, issuing cards to individuals who can then make purchases.In contrast to card issuing banks which usually deal directly with the cardholder customer, Merchant Acquiring Banks use the services of Independent Sales Organizations (ISOs) who market processing accounts to merchants.

  • Consent can be obtained only from Bank and cannot be granted by Bank’s agents, affiliates, Independent Sales Organizations ( ISOs), Merchant Service Providers (MSPs) or other non-Bank entities.

  • Customer will ensure that necessary controls, acceptable to and periodically reviewed by Bank, shall be implemented for checking Third Party Clients, Independent Sales Organizations, Card distributors, and Cardholders against the OFAC SDN and United States government data bases before transacting business.

  • July 7, 2003), https://www.ftc.gov/enforcement/cases-proceedings/032-3061/electronic-financial-group-inc-et-al.card networks, such as MasterCard and VISA.10 Acquirers commonly enter into contracts with third parties called Independent Sales Organizations (“ISOs”) who solicit and sign up merchant accounts on behalf of the acquirers.

Related to Independent Sales Organizations

  • Independent review organization means an entity that is accredited to conduct independent external reviews of adverse benefit determinations.

  • For-profit organization means: a sole-proprietorship, partnership, limited liability company, corporation, or other legal entity that is organized or operated for the profit or financial benefit of its shareholders or other owners. Such organizations also are referred to as “commercial organizations”.

  • Member organization means any individual, corporation, limited liability company, partnership, or association that belongs to an association.

  • Business organization means an individual, partnership, association, joint stock company, trust, corporation or other legal business entity or successor thereof.

  • Review organization means a disability insurer regulated

  • Procurement organization means an eye bank, organ procurement organization, or tissue bank.

  • Nonprofit organization means an organization that is exempt from federal income taxation pursuant to Section 501(a) of the Code and described in Section 501(c) of the Code and that has as one of its designated activities, as indicated on United States Internal Revenue Service form 1023 "recognition of exemption", an activity that is directly related to the purposes for which grants may be issued under Revised Code Sections 164.20 through 164.27 as described in divisions (A) and (B) of Revised Code Section 164.22

  • Stewardship organization means an organization, association, or

  • Non-profit organization means: (1) a governmental entity of the state of California; or (2) a legal entity that is tax exempt under Internal Revenue Code section 501(c)(3) and California Revenue and Taxation Code section 23701d.

  • Qualified nonprofit organization means, with respect to a Project, an organization exempt from federal income tax under Section 501(c) (3) or (4) of the Internal Revenue Code, which is not and during the Compliance Period will not be affiliated with or controlled by a for-profit organization, whose exempt purposes include the fostering of low income housing, which owns an interest in the Project, which will materially participate in the development and operation of the Project throughout the Compliance Period, and which is not affiliated with or controlled by a for-profit organization.

  • Not-for-Profit Organization means a nonprofit corporation as defined in ORS 307.130.

  • Parent organization means the entity named in Item I. of the Policy Declarations.

  • Managed Care Organization (MCO) means a contracted health delivery system providing capitated or prepaid health services, also known as a Prepaid Health Plan (PHP). An MCO is responsible for providing, arranging, and making reimbursement arrangements for covered services as governed by state and federal law. An MCO may be a Chemical Dependency Organization (CDO), Dental Care Organization (DCO), Mental Health Organization (MHO), or Physician Care Organization (PCO).

  • Utilization review organization means an entity that conducts utilization review, other than a health carrier performing a review for its own health plans.

  • Financial organization means any bank, trust company, savings bank, industrial bank, land bank, safe deposit company, private banker, savings and loan association, credit union, cooperative bank, small loan company, sales finance company, investment company, or any type of insurance company.

  • Health care organization ’ means any person or en-

  • Organ procurement organization means a person designated by the Secretary of the United States Department of Health and Human Services as an organ procurement organization.

  • Coordinated care organization means an organization meeting criteria adopted by the

  • Licensed Independent Practitioner means any individual permitted by law and by the Medical Staff and Board to provide care and services without direction or supervision, within the scope of the individual’s license and consistent with individually granted clinical privileges.

  • Lead organization means a trade organization, labor organization or other incorporated entity representing a group of businesses that is the applicant for a business network project.

  • Managed care organization means an entity that (1) is under contract with the department to provide services to Medicaid recipients and (2) meets the definition of “health maintenance organization” as defined in Iowa Code section 514B.1.

  • Independent Party means, with respect to a BDC Downstream Fund, (i) if the BDC Downstream Fund has a board of directors (or the equivalent), the board or (ii) if the BDC Downstream Fund does not have a board of directors (or the equivalent), a transaction committee or advisory committee of the BDC Downstream Fund.

  • Religious organization means a church, ecclesiastical corporation, or group, not organized for pecuniary profit, that gathers for mutual support and edification in piety or worship of a supreme deity.

  • ADR Organization means The American Arbitration Association or, if The American Arbitration Association no longer exists or if its ADR Rules would no longer permit mediation or arbitration, as applicable, of the dispute, another nationally recognized mediation or arbitration organization selected by the Sponsor.

  • Foreign organization means an organization created under laws other than the laws of this state for a purpose for which an organization may be created under the laws of this state.

  • Professional employer organization means an employee leasing