CrossCheck Blog

CrossCheck Blog

Check Processing & Payments Information

ISOs: Earn Passive Income and Lifetime Residuals with CrossCheck

Forget the stereotype of passive income as a distant dream. This is a unique opportunity: becoming an Independent Sales Organization (ISO) for check processing services. Partnering with a reputable company like CrossCheck allows you to build a steady stream of income that keeps flowing even when you're not actively selling.
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How to Build Passive Income With Check Services as an ISO

on Mon, Aug 23, 2021 @ 10:00 AM By | Rudy Campos | 2 Comments | Independent Sales Organization (ISO)
When it comes to finding modern ways to build passive income, using paper checks to create a new revenue stream might seem like a far-fetched idea. However, as an Independent Sales Organization (ISO) you can build a lifetime of residuals by connecting merchants with check services. For every lead you drive towards the company you're partnered with, you can receive a percentage of residual income for every closed sale. Income from a closed sale is paid for the lifetime of the account. You can depend on payments from established companies like CrossCheck, Inc. that haven’t missed a single payment to an ISO since its inception in 1983.
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Why Checks Are Still Relevant to ISOs

on Fri, Oct 25, 2019 @ 09:45 AM By | Brandes Elitch | 0 Comments | Independent Sales Organization (ISO) Auto Dealerships
CrossCheck, Inc. opened for business in 1983. In those days, almost every merchant accepted checks at the point of sale. Merchants that took credit cards were using a “knuckle-buster” with multi-part carbon forms to process a transaction. They put the card in the holder, ran the imprinter back and forth over it, extracted the forms, sorted them, and sent some to the bank and others to the processor. Two years earlier, the card associations announced that transactions over $50 which were processed with a point-of-sale system would get discounted pricing. Early POS systems were priced at $900, which the average merchant could not afford. But something happened in 1982: Verifone rocked the merchant world with a POS terminal that cost only $125, the ZON. This changed everything.
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Brandes Elitch: Auto Industry Payments Expert

on Mon, Sep 16, 2019 @ 12:04 PM By | Harrison Friedes | 0 Comments | Brandes Elitch Independent Sales Organization (ISO) Auto Dealerships
Brandes Elitch is the director of Partner Acquisitions here at CrossCheck, Inc. Apart from that, he has years of experience being involved with the payments and automotive industries. Elitch (on the right in the above photo) worked in cash management for a Fortune 500 company, consulted for bankcard acquirers, and has sold cash management services for major banks. He was the also the first cash manager at Charles Schwab and directed middle-market sales group at Wells Fargo. His automotive experience includes being the owner of numerous collectible cars; attending well-known collectible car shows (e.g. Pebble Beach and Concorso Italiano); and authoring Lancia Loraymo and the Loewy Logic of Industrial Design, a comprehensive history of Raymond Loewy’s specially designed car.
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CrossCheck’s Lifetime Residuals for ISOs Can Change Your Life

on Wed, Jul 31, 2019 @ 07:45 AM By | Brandes Elitch | 0 Comments | Independent Sales Organization (ISO)
CrossCheck started in the check guarantee business way back in 1983. Checks ruled at the time, and nearly every merchant accepted them at the point of sale. Back then, in fact, many merchants did not take credit cards at all. This was due, in part, to the high cost of interchange and because processing a card transaction was much more complicated than taking a check. Merchants had to put a bulky multi-part carbon form in a knuckle-busting sliding imprinter (aka “Zip Zap machine”), and then sort out the forms and send them out for processing. There is a reason why it was called a “knuckle buster.” By comparison, taking a check was pretty easy, comfortable, and familiar to merchants, and consumers commonly wrote them for purchases at the store.
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Electronic Payments from Start to Fintech at TRANSACT 2019: pt 4

“Today is the slowest technology will be in our lifetime,” said Xerox President and COO Steve Bandrowczak in a Corporate Board Member article. “The pace of change will accelerate and leadership skills and leading through change are going to create a tremendous amount of winners and losers.” His observation about speed should hold true in places where electricity and internet connections are commonplace while his insights on leadership sound like a corporate application of natural selection.
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Generating Bank Revenue with Merchant Referral Programs

on Fri, Mar 22, 2019 @ 06:45 AM By | Brandes Elitch | 0 Comments | Brandes Elitch Independent Sales Organization (ISO)
Of all the different components in the payments ecosystem, only one commands absolute trust among its clients — the banking industry. This is one of the main reasons why merchant referral programs are excellent revenue sources for banks. After all, a bank is where you keep your money. No matter what form of payment you tender when you buy something, all payments begin and end in a demand deposit account. You know that whenever or wherever you access your bank — branch, ATM or online — it will be open and ready to serve you 7/24/365. You also trust that your statement will balance to the penny and be delivered on time. Aside from the banking industry, I don’t know of any other ecosystem that is 100 percent reliable.
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What is the Most Common Form of Payment?

on Wed, Dec 19, 2018 @ 02:25 PM By | Brandes Elitch | 0 Comments | Brandes Elitch Independent Sales Organization (ISO)
As an ISO/MSP, you are accustomed to people asking for advice about all the things happening in the retail payments space, including questions such as, “What is the most common form of payment?” And you are probably accustomed to hearing things like: No one writes checks anymore. Cash is going away. Everybody is using mobile payments now. Soon we will have real-time payments for everybody.
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BB&T Resellers Conference

on Wed, Jan 31, 2018 @ 02:27 PM By | Joe Gargiulo | 0 Comments | Independent Sales Organization (ISO)
The Annual Reward and Recognition Sales Conference produced by BB&T Merchant Services is representative of the favorable relationship that exists between CrossCheck and its resellers. The event takes place February 12 – 13 at the Raleigh Marriott Crabtree Valley in North Carolina and features service providers within BB&T’s Merchant Services portfolio. CrossCheck has been BB&T’s exclusive Check Guarantee company since 2014.
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Acquiring Industry Convenes at 2017 MWAA Conference

on Sat, Jul 29, 2017 @ 09:45 AM By | Joe Gargiulo | 0 Comments | Events / Conferences Independent Sales Organization (ISO)
The Midwest Acquirers Association Conference concluded two days of programming on July 19 after celebrating its 15th anniversary and bringing new insights to independent sales organizations (ISOs) and merchant service providers (MSPs) in the acquiring industry. The event offered seminar sessions, an exhibit hall, an awards presentation, special guest speakers and multiple networking opportunities. The venue was the well-appointed Chicago Marriott Downtown Magnificent Mile. CrossCheck’s Vice President of Partner and ISO Relations Travis Powers was at booth UE27 where he discussed the company’s policy of offering lifetime residuals to ISOs as well as a comprehensive ISO training program that encourages merchant retention.
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