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.

Independent Sales Organization or “ISO” means any Person that:

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.

Examples of Independent Sales Organization in a sentence

• Independent Sales Organization commissions are presented as contra-revenue for Retail and Alliance Services segment revenue reporting purposes while certain of such commissions are reflected as expense in the Consolidated Statements of Operations.

• Retail and Alliance Services segment revenue is further adjusted to present results on a proportionate consolidation basis and to reflect the Independent Sales Organization commissions classified as expense on a contra-revenue basis.

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

• All such IC Agents must meet the same criteria and requirements of the Independent Sales Organization under this Agreement.

• Independent Sales Organization will remain responsible for resulting damages from such prohibited solicitation.

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, 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.

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.

Independent Sales Organization means a non-Affiliated sales organization that may refer merchants to NDPS in connection with the Merchant Business.

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.

Independent Sales Organization means a third party service provider sponsored by Xxxxxx Bank pursuant to the Network Rules. CONFIDENTIAL AND PROPRIETARY

Independent Sales Organization or “ISO” means any Person, corporation, organization, or other entity that solicits, matches, arranges, or refers Payment Processing Services for Clients, or that solicits, matches, arranges, or refers Clients for Payment Processing Services, or is registered as an ISO or merchant service provider with Visa, MasterCard, or any credit card association.

Independent Sales Organization or “ISO” means any Person or entity