Get High-Risk Merchants Approved Through Any Processor!

All ISOs, processors, and banks want to acquire as many MIDs as possible.  But with market saturation, profit margins are at an all-time low.  And with increased external scrutiny on the banks and processors and self-regulation being forced down to

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Has your business ever received a Business Software Alliance Notice of Inquiry or Audit? Was your first thought is this a scam? Unfortunately, the letter is far from being a hoax, should definitely be given proper attention as it could lead to inevitable fines for yours and most businesses. The below tips will explain what a BSA Notice is, how liability may arise under a BSA Audit, how to respond to a BSA audit, and how to avoid liability through compliance .

I.                 Existing Liability from Within. Most of the chatter related to avoiding risk in the payments landscape centers on the new various regulations related to merchant processing.  But sponsor banks, ISOs, and processors need to also be aware of existing

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ISO’s Can Do More To Keep Collections On Their Terms

ISOs make money on merchant processing agreements (“MPA”) and payment processing equipment leases (“Lease”) in limited circumstances.  Generally speaking, ISOs generate income during the boarding stage, through fees, and via residuals during the life of an MPA.  If a merchant

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ISO’s Should Prepare To Respond To Government Agencies At The Drop Of A Hat

ISOs are under increasing scrutiny from government watchdogs.  Federal bureaus and a plethora of state agencies are ramping up enforcement efforts, even in business-to-business trade.  Examples of this lie in Kansas and South Dakota – among others – which apply

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Recent Security Breaches Show ISO’s Must Be Ready

Authorities continue to investigate credit card theft of people who attended conventions at the Boston Convention & Exhibition Center in October 2013 and November 2013.  Originally, authorities believed the theft affected about 300 attendees; now, authorities estimate hundreds more had

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Protect Yourself From Wily Sales Agents

ISOs must always protect themselves from wily sales agents.  A high percentage of fraud claims in merchant processing agreements stem from ISO sales agents’ tactics.  Whether authorized by the ISO or not, these tactics can often result in ISO liability,

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A Hard Target Answers All Complaints

In 2013 alone, there were 894,868 consumer complaints submitted to the Better Business Bureau (“BBB”).  The BBB gives free reviews on over 4 million companies, and has the distinct ability to affect your company’s capacity to do business.  The BBB

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The “Wait and See” Mentality In Regards To Mobile Payments Is Not An Option For ISO’s

Companies like Verizon, T-Mobile, AT&T, and Google are feeding millions of dollars into widespread consumer use of mobile payment systems.  Google Wallet alone is dedicated to attaining one billion mobile payment users over the next five years.  David Heun, The

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