As an ISO, you primarily sell card processing, but sometimes a merchant will ask about your ability to process other payments. This might include recurring payments, such as monthly health club dues. Recurring payments are a natural for the Automated Clearing House (ACH). Some ISOs do not have a solution for processing ACH payments or they have tried to find one and have come up short. It is difficult to find a bank to process ACH transactions for ISOs, and here we’ll explore why.
Hardly a day goes by without a call from an ISO, merchant, or processor who asks us for help in finding someone to process ACH transactions. There is usually some urgency in these requests – we can hear it in their voice. This is partly because of the customary and normal positioning by the ISO to handle all payments for the merchant:- Check (via remote deposit capture and guarantee)
Keeping current on industry trends and news can be a challenge. With limited hours in the day to devote to research, it's good to know that there are some web sites that can be relied upon to provide a snapshot of statistics, trends, forums and more. Rushed for time? Here's a look at five web sites that provide concise and current information on the retail industry, sales, marketing, and banking and financial news.