To learn about the ISO/ISV convergence, and how payment. * Nama Cash A:count: Currency: * Payment Plug-ln (Type): PLUG-IN PARAMETERS x RA C E PayTrace 10100 -Petty Cash USO a Active. “Consumer cost transparency is a service that providers are clamoring for, and understandably so. PRESS RELEASE PR Newswire. “The Only Constant in Life Is Change. If you have agreed to a payment schedule. And this is, probably, the main difference between an ISV and a PayFac. ISOs rely mainly on residuals, a percentage of each merchant transaction. Novera Payment Solutions’ Worldpay Link Gateway offers multiple API programming languages which allow you to easily and securely integrate your custom application. By partnering with a reputable payments provider, your ISV business is able to help your clients by simplifying the payment experience in a way that’s tailored to their unique requirements - helping to make your business management capabilities more comprehensive. In 2008, there were only 10,000 SaaS companies, which has since exploded, reaching 100,000 in 2018. We are a gateway, integrations developer, independent software vendor (ISV), and a merchant service provider (MSP)/Payment Solutions Provider (PSP). 2. Payment links Get invoices paid quickly with instant, shareable links. Customer engagement tools. LAN. APPS Acquired by Stax Atlantic-Pacific Processing Systems (APPS) is now part of Stax Payments. Explore Clover Connect. Resume automated processing for multiple invoices. The no contract, subscription style tech, built to save YOU money ‣ This is the future of payments. Embedded payment services were traditionally provided by payment vendors but rather than a business needing to buy the software and then have a second contract with a payment vendor, ISVs seamlessly embed payment into the whole process. It encompasses all transactions,. For some ISOs and ISVs, a PayFac is the best path forward, but. Certain companies such as Square, Stripe, Adyen, and Clover (Fiserv), pushed the envelope of functionality and began to say to customers: “Not only can you accept payments, but you’ll be able to accept payments anywhere you want. PatientPay now has a partnership with First Data for secure payment processing and cost-effective printing capabilities. MUST READ » Payment Processing Security: 7 Things to Consider 2. As an Independent Software Vendor (ISV) that integrates payments, you want to ensure that you can provide businesses with the tools to accept payments conveniently — without sacrificing speed and security. The future of integrated payments A business friendly ISV payment ecosystem. Optimize the performance of ISV partners. Clover Connect delivers everything software companies need to build, manage, and scale merchant payment acceptance. Rinse, Wash, ISV – The Truth about Salon Payment Solutions. When it comes to security, you have the freedom to relax. , bnpl, buy now pay later, credit cards, flexible payments, installment plans. “Incumbents should expect to face continued. Subscriptions, installments, and scheduled payments – Charge customers at any time using their stored cards. Our POS Cloud Connect (POS-CC) platform gives Developers the freedom to quickly enable payments across any platform by adding eCommerce, Keys, Card Swipe and EMV & Non-EMV bankcard transactions in a PCI Compliant manner without the need for a . The Payment Facilitator integrates with the payment partner for processing, but handles all other services and responsibilities themselves. Interchange costs are basically the standardized rates set by the credit card providers and this represents the cost the payment processor has to pay with each transaction. But the flow of money. By. Splitit and APPS Announce Partnership to Simplify ISO & ISV Installment Payments. Our omnichannel offering includes online, payment links for invoices and payments by phone, as well as in-person. When an ISV integrates payment processing into their software, they will have the benefit of an additional layer of security as protecting data is a core focus of a payment company. Banks, processors, and ISOs typically monitor processing metrics such as sales, refunds, and chargeback activity. As more sophisticated payment methods gain ground (mobile/digital payments, NFC, etc. The ISV Bridge enables Cybersource merchants to use payment solutions that support Authorize. The pandemic made automated, self-service technology even more popular as consumers adjusted their purchasing behaviors by keeping social distancing and limited contact in. Helping ISVs to Increase Revenue and Reduce Risk. In 2022, McKinsey found that roughly 50% of small businesses now access their payment processing through an ISV, with a further 15% making the transition. First, a processor will need to understand your business’ pay mix, i. Get the full agility you and your customers need by moving financial services and software to the cloud. launched a text-to-pay. Give your business an advantage with the PayTerms solution. TROY, Mich. We also offer processors, payment gateways and independent software vendor. With explosive growth in the online payment sector, consumers have come to expect payment processes to be fast, easy, simple, and safe. We’re also happy to help you with any other questions you may have about partnering with a payment processor. Start earning commissions with Integrate Payments developer direct and referral program. The top ISV business challenges and tips to overcome them. Exclusive credit card processing rates: 2. Embedded payments boost the convenience factor and increase the speed of payments because they’re a natural. As with a paper check, they have to provide their bank account number and routing number. Payments provide independent software vendors with tremendous value by generating new ongoing revenue streams, improving security and enhancing customer experience leading to greater lifetime value. An ISV in payments refers to a software company that develops and provides specialised applications to facilitate payment processing and related activities. By: Kenny Thompson, National Director of Business Development at BASYS Processing. In fact, integrating with a payment processor that offers no piece of the. We have sophisticated integration solutions and APIs for credit card processing, ACH payments and more. However, becoming a payment facilitator is time-consuming and expensive. S. By combining Fiserv’s comprehensive set of solutions with CardConnect’s revolutionary payment technology, we give our sales partners the competitive edge to achieve their next level of success. A payment processing partner must protect their ISV partners’ business and customers from these threats and prevent the release of sensitive cardholder information which generates serious data breach costs. business processes and the supply chain where an ISV can introduce digital payment integration to create. A. Ticketing at Theaters and Entertainment. As the payment processing industry evolves, understanding the roles and differences between independent sales organizations (ISOs) and independent software vendors (ISVs) is becoming increasingly important. Of course, the ISV sells its software through a licensing or subscription “Software as a Service (SaaS)” model. That means a well-chosen payment integration may. A. January 9, 2023. However, when ISVs work with the right payments partner, they can also build a payment residual income stream based on processing volume through its software. BIN's, and ISV Payment Facilitation partners," said Brent Gephart, Chief Innovation Officer, APPS. While a VAR or ISV may not have access to such detail, today's regulatory environment demands that payments companies take a deeper look into each merchant's marketing and sales practices even after the merchant is up. 2. Back. Create new revenue streams by quickly monetizing payments in one place. If the payment is declined, the merchant informs the customer, and the customer may try an alternate payment method. That means a well-chosen payment integration may even provide a new revenue stream to the ISV. Step 1: Merchant takes the credit cardholder’s payment information at the card terminal (with a chip, magnetic stripe swipe, or through the contactless tap), over the phone, or online. These applications are designed to seamlessly integrate with Payment Gateways, Point of Sale (POS) Systems, and other financial infrastructures. But the flow of money. Streamline payment operations with a single, end-to-end payments platform that seamlessly integrates with your existing internal systems. Payment processing The payment processor will then validate and process the payment information. A major difference between PayFacs and ISOs is how funding is handled. On the Customer credit cards page, enter credit card information for. Talk to an expert. Payroc, best-in-class payment processing options: in-person, on-the-go, e-commerce, seamless integrations and the Payroc Choice program. In today’s ISV market, making informed business decisions can seem like the toughest part of the job – but it doesn’t have to be. PatientPay clients will now have access to the First Data CardConnect ISV payment gateway, a highly secure way to process online and in-office payments. Interchange encompasses the basic rates set by the credit card brands and represents the cost the processor has to pay on every transaction. Payment processors are also potentially at risk in the. Tailored for merchants in any industry and built to give your customers more flexible payment methods, increase conversion rate, all with zero risk and no hidden fees. From integration and security to support and risk management, our add-on solutions enhance your payment terminal’s capabilities. No-code. As a Cybersource partner you benefit from: Our team of Partner Success Managers. The increased efficiency will save your organization time and money and ensure that inventory and sales are in sync. Custom revenue-share opportunities allow each partner to monetize. "We are delighted to partner with APPS to offer their enterprise clients, ISO's, ISV's and integrated accounting solutions Splitit's best-in-class white-label experience," said Nandan Sheth, CEO, Splitit. Our Business Portal accepts all the main payment channels and platforms, including: Chip / Swipe / Tap; Apple Pay /. A single platform provides access to omnichannel processing capabilities, allowing you to provide a wide range of flexibility and functionality for your. January 24, 2023. Data can be stolen from card readers, payment system databases, wireless or wired networks, paper records, and a variety of other sources. Certified. Pat Ward. The figure below illustrates these points. The system enables customers to make payments directly through the software application. and across the globe. The merchant referral will be assigned to a dedicated Relationship Manager to complete the expedited merchant onboarding process. Properly considering these. With the unwavering support of merchant services providers, this program empowers agents to build a thriving payments enterprise. g. ISV Payment Integrations That Drive Growth. Allows you to securely accept and process credit card payments in retail, e-commerce and call center environments. Value add to merchant clients; Expanding service offeringWhen an ISV offers payment processing to its users, it becomes the face of that service and the front line for support. S. Had to wait a month for a credit card reader that was in stock. ISV Payment Integration Solutions for Health & Medicine – An Overview. In this fast-paced digital world, merchants need quick response times and helpful solutions, because time lost is revenue lost. The payment processing industry has changed considerably over the years; therefore, it is important for merchants and other businesses to keep up with new standards. , formerly known as MetaBank, N. Worldnet Payments, a trusted provider of omnichannel payment solutions for ISVs, will leverage ISVPay’s platform to offer. Atlantic-Pacific Processing Systems NV, Corp. Bolt makes it easy to integrate alternative payment methods. TransNational Payments is a registered Independent Sales Organization of BMO Harris Bank, N. We are simplifying fintech for the ISO community by offering streamlined payment solutions and financial management tools. Would not recommend. When it comes to deploying a software solution, your clients are already overwhelmed. ISV Payment Processing Integration for any software. Explore Acumatica's Additional Modules – Including Payment Automation, SPS Commerce, invoice processing, spend management, EDI, and eCommerce. Two factors drive ISVs and VARs to also want to sell processing: profit and competition. In fact, PYMNTS research has shown that adding cashless payment options to unattended retail units bringing in less than $2,000 per year can increase sales by 110%. S. If the issue is originating from the device itself or Adyen's processing service, contact Adyen support. We build industry-standard payment solutions for Point of Sale providers to meet the needs of merchants in any market. From real-time onboarding to flexible pay outs, we supply ready to use integrations and modern tools to start accepting payments in your platform within minutes. As new businesses signed up for financial products (e. S. ”. The first big way an ISV payments CRM helps ISVs integrate payment processing while minimizing growing pains is by automating user onboarding. Unlock the potential of your business with ISV payment integrations. Whether processing in a face-to-face retail environment, or as a card-not-present e-commerce environment, TrustCommerce. Here are five reasons why ISV payment solutions may benefit your software business. There's a reason Integrated Software Vendors choose Novera's WorldPay API for credit card payment integration. Square: Best for mobile payments. Explore Clover Connect. January 23, 2020. As an independent software vendor (ISV), you choose a payments partner so you can integrate – or plan to integrate – payments with your solution. Based in Singapore and active across the globe, HitPay has helped. Staff schedules, inventory management, appointment scheduling, and beyond. has been a key player in the payments integration space and quickly grew to supporting over 200 ISV/VAR partners who have benefited from becoming their own ISO. Our team has over 30 years experience. ISV Payment Processing Integration: For any software Expand your software offering with the Independent Software Vendor (ISV) Advance technology to streamline payments; Proven ISV Partner growth program; Create a better customer experience; ISV specific support, a support that knows your language. For instance, a new ISV might create an online payment system for retail stores across the company. Five key reasons to regularly survey your partners. The opportunity for payment processing providers presented by partnerships with Independent Software Vendors (ISVs) is immense; TSG estimates there are over 300,000 active ISVs worldwide, and some experts predict that by the end of 2024, revenue from Software as a Service (SaaS) will reach over $369B. Providers that understand the requirements of ISOs and ISVs, such as Paysafe, can provide both the insight and guidance to evolve in order to meet their customers’ changing needs. Riaz Ladha. 1. Almost. Clover Connect's payments engine gives developers seamless credit card payments integration. This entry was posted in Fintech, Global and tagged abe maghaguian, apps, atlantic-pacific processing systems nv corp. Today, the lines between ISOs and ISVs are blurring. This workflow can result in a frustrating experience for the ISV. Many ISOs recognize the value of offering value-added software solutions to their customers and. All this happens in seconds. Restful API and SDKs Sandboxes,. ISOs provide the processing and services merchants need to accept online and offline payments. Deepen customer relationships: Own more of the customer experience and meet the demands for omnichannel commerce. And this is, probably, the main difference between an ISV and a PayFac. Center ID. When a customer makes a purchase at a business, the acquirer handles getting money from the customer’s bank account. Heraclitus. Murray MacGillivray, AVP, Strategic Partnerships. With this integration, you give your clients greater back-office efficiency and the ability to respond to changing consumer payment preferences. Payment Processor. The company’s payment processing revenue doubled in under three years, and now represents about 40% of total revenue. CONTACT US TODAY. “’Integrated payments’ is the latest buzz in a payments industry that is innovating at a rapid pace,” he added. ISOs and ISVs are both B2B providers, working with merchants and the companies who serve them. Wal-Mart, Home Depot, Target), the automotive industry, and other trading. 9% + 25 cents per transaction. Article by Sheridan Trent. The three primary options for an ISV to integrate payments include: Integrating to a PayFac. The terminal is responsible for validating the authenticity of the physical payment card that is presented by the customer. Splitit’s white-label platform delivers one-click installments embedded into the merchant’s existing checkout flow. Embedded payments allow consumers to make financial transactions anytime and anywhere through connected devices like digital wallets, cars, appliances, wearable technology, and even the metaverse. As an ISV, offering a payment solution in addition to your core software can be a foolproof way to add value in the eyes of consumers. Local Area Network. Latest security advancements – Our tokenization process reduces the risk of fraud and identity theft. In episodes four and five of our nine-part video series with James Shepherd, we’re tackling some heavier topics – but we’re giving you the key takeaways from each episode upfront:. g. In doing so, we can help everyone in the ecosystem thrive in this fast-moving landscape. ”. Take complete control over your payment solution including configuration management, asset management, content distribution, and location tracking with QuantumPay IQ. For example, CardConnect offers an ISV partner program including everything for an ISV to build, scale, and manage fully integrated merchant payment acceptance. is a full-service acquirer offering secure connectivity for card present transactions and online payment gateways for all e-commerce, mobile and virtual transactions. Many payment gateways' APIs only support digital and e-commerce acceptance,. Spinabella also advises ISVs to consider two other important trends in healthcare payment: consumer cost transparency and telemedicine. Payout sent. Community Home Blog Tools of the Trade Coronavirus Resources Join Today!. Bolt’s level 1 PCI compliance keeps all customer information encrypted. In episode three of the nine-part video series, James offers a behind-the-scenes look at payment processing, using his self-storage management software, CCStorage, as a real-world example. software providers, as well as ISO's and ISV's who require customized payment processing solutions, designed to meet their needs. Container Managements lets you: Enter and track manifest information, including in-transit tracking of containers and their contents. But for this purpose, it needs to build a strong relationship with an acquirer that will underwrite it as a PayFac. Cross-Border Transactions. 2. Improved Security: Security is paramount in payment processing. Authorize. An integrated payment processing partner enables fast, secure business operations between companies and consumers. Payment processing with IntelliPay reduces your PCI compliance risks. Empower your platform and scale – one payment at a time. One Software One API Everything you need in one place. An acquirer is a bank that allows a merchant to accept credit and debit card payments. Payroc, LLC, a leading merchant services and payment organization, is pleased to announce that it has acquired Integrity Payment Systems, LLC, a full-service processor and acquirer. Pay by phone With our built-in virtual terminal. (2) If the details are correct, choose Accept Terms. Integrated Payments for Software. Payments are integral to this goal, and offering payment facilitation will undoubtedly boost your revenues. In just 50 years, we’ve seen payment processing evolve. Five key reasons to regularly survey your partners. Its marketing campaigns might target stores that currently don't use an online payment system, eliminating much of the work of convincing stores to switch from a more-established provider. Certified payment processing solutions recommended by the Payment Card Industry Security Standards Council (PCI SSC) are important to consider when researching the. "ThisWe also help reduce your merchant’s payment processing costs and with our fee-based options, improve their margins. By. The all-in-one Stax Platform provides businesses of all sizes the scalable. The Handle platform, a technology-based solution for managing credit and payment rights, will integrate with CardPointe ® Gateway and other PCI-compliant tools from Fiserv via the company’s ISV. With industry-leading revenue shares, hassle-free integrations, and world-class partner support, PAYARC sets our ISV partners up for growth and success. Integrated payment is a broad term, but it essentially means a payment system that communicates with all other critical software your business uses. Understanding Payment Facilitation. , loan, bank account), adding payment processing and a merchant account was a natural next step. The last thing a software provider needs is to spend time and energy embedding payments into their software, only to learn that the provider they chose delivers a substandard experience for. While this isn’t necessarily an industry requirement, if the applications you design don’t come with payment processing capabilities, then prospective customers will simply seek out an ISV that can provide these things. ) ISVs need to investigate how integrated payment processing services can fit into their business model. Helping ISVs to Increase Revenue and Reduce Risk. If you develop applications for businesses and are looking to advance your offering by integrating payment acceptance, you’ve come to the right place. WePay provides an out-of-the-box solution that’s quick and easy for ISVs to adopt and loaded with value-added tools, so it will add services to Chase’s traditional. Preferred ISV A Preferred ISV agreement will be in place if an ISV Partner actively markets and campaigns Payscout to their merchants as a primary payment processing provider for their integration. PRESS RELEASE PR Newswire. What You Get. Independent software vendors often have a very specialized set of payment processing criteria. To better understand the residuals available to an ISV from a payment processing partnership, it’s critical to know how a payment is processed and, even more importantly, to comprehend interchange costs. In this fast-paced digital world, merchants need quick response times and helpful solutions, because time lost. com or call 855-872-6632. Check out the. “Every payments processor that an ISV may consider will say they support ISVs. Modernize payments and core banking. At Signature Payments, we leverage our experience and technology to help independent software vendors (ISVs) securely integrate payment processing with their bespoke IT solutions. Access to a full suite of payment tools including SplitPay ®, commission payments. In payments, onboarding is the process of taking in a merchant’s application, evaluating it, and getting the merchant set up with processing. The cross-border payments processing industry is growing. Submit imported vendor invoices to the workflow system. It includes expedited card transactions and payment gateways securely transmitting data so money from a customer’s issuing bank can be easily and quickly transferred to the merchant’s account. Heraclitus. As a VAR or ISV, it’s already challenging to keep up with current technology, let alone predict what’s coming next. Their fundamental basics are: Step 1: The merchant enrolls in payment ISV services, providing the business's name, contact information, payment processing services needed, and estimated transaction volume. Specialty medical groupBuilding a Lucrative Payments Business with ISO Agent Partnership. a wholly owned subsidiary of First Data corporation, and are registered or used in the U. An acquirer may also be called an “acquiring bank,” “merchant acquiring bank,” or “merchant acquirer. 12 – 84 month terms. The company’s new Purchase Orders system aims to streamline. May 18, 2023 at 6:35 AM · 5 min read. The profit incentive is straightforward, as payment processing gives them a chance to participate in an entirely new revenue stream that is separate from their original business objectives. The no contract, subscription style tech, built to save YOU money ‣ This is the future of payments. Click here to learn more. Access to a full suite of payment tools including SplitPay ®, commission payments. In just 50 years, we’ve seen payment processing evolve from. , (NASDAQ: FISV), a leading global provider of payments and financial services technology solutions, today announced the launch of a unique platform-as-a-service. Splitit (ASX:SPT, OTCQX:SPTTY), the only white-label service allowing customers to pay by installments using their existing credit on their payment card, and Atlantic-Pacific Processing Systems NV, Corp. Online payments page. ISV payment processing is designed to work seamlessly with software applications, making payment processing easier and more efficient for businesses. In large, developed markets. An acquirer is a bank that allows a merchant to accept credit and debit card payments. The most important thing to remember is that integrated payment solutions help both your company and your customers. Amazon DevPay removes the pain of having to create or manage. Today, many forward-thinking ISVs have. As new businesses signed up for financial products (e. This workflow can result in a frustrating experience for the ISV. This option is the lowest low-cost approach but quickest to market. To cater to the many SaaS and software businesses seeking a processing solution, Independent Software Vendors (ISVs) provide an extensive range of payment services, security and compliance features,. 3rd Easiest To Use in Payment Gateways software. Stax Payments | 14,905 followers on LinkedIn. In payments, onboarding is the process of taking in a merchant’s application, evaluating it, and getting the merchant set up with processing. Splitit and APPS Announce Partnership to Simplify ISO & ISV Installment Payments. This ISO and ISV ecosystem has thrived in the U. One obvious benefit is the value you provide to clients. Great for corporations, retailers, restaurants, distributors and software manufacturers. Make sure to choose a payment processing API with all the functionalities that will prove essential to your customers. Although payment processing may just be a “part” of an ISV’s overall solution, customers won’t see it that way. Independent Software Vendors (ISVs): ISV’s are software developers who build the integrations between the payment gateway and the accounting software, eCommerce, and/or point-of-sale (POS) software and offer various payment processing features and functionality. For the ISV, this model enables them to share the revenue stream with the payment. All-In-One Payment System that Streamlines ISV Payment Processing. August 15, 2023. For ISVs, payment processor revenue sharing (also known as payment processing residuals) occurs when your software company partners with a payments provider to integrate payment acceptance. The business’ payment processor receives the eCheck and sends a. As an ISV or a SaaS company, there’s more value in a payment. Whether you’re an independent sales agent or a part of a sales team for an independent sales organization (ISO) or an independent software vendor (ISV), you know that processing B2B payments for high-risk merchant accounts can present challenges for even the most experienced providers. By automating payment processing and handling sensitive information securely, businesses can reduce the risk of fraud, errors, and data breaches. Independent Software Vendor (ISV) ISVs present an ideal way for processors to support emerging businesses in the payments space. meaning the ISV can simply connect to the payment company from their existing ecosystem to facilitate a successful merchant. While many ISVs opt to become PayFacs to give them more control over pricing and. Pull unique reports, set payment parameters, send one-off and recurring invoices to clients, and more within the Customer Portal view. Specialty medical groupOur Mirai Gateway provides our ISV partners and merchants a one-to-many transactional gateway enabling access to all major credit and debit card processors, ACH companies and Gift and Loyalty providers with a single integration. Stax Payments, a leading payment technology provider, announced its acquisition of Atlantic-Pacific Processing Systems (APPS) creating an end-to-end, seamless payment processing platform. Pros of Payment Partnerships. Payment processors are also potentially at risk in the ISO model. ISV Growth Strategies: Payment Processing Residuals. next-level service: 24/7, every day of the year. A payment partnership integrates a payment solution into an ISV’s product. With more than 15 years in the payments business, APPS has organically grown into a premier leader in our trade through core. May. Expand your software offering with First Financial’s Independent Software Vendor (ISV) Partner Payment Program. The reason is simple. October 31, 2023. Further onboarding communication occurs between the payment processor and the ISV, with the ISO acting as the middleman. Aggregate processing means the funds from transactions are paid out to the PayFac first, who then distribute. Web developers website designers and software application programmers can earn compensation through the. Data can be stolen from card readers, payment system databases, wireless or wired networks, paper records, and a variety of other sources. Partner with a payments company who understands the unique needs of ISV partners. Over the past decade, core payments processing has become commoditized, squeezing the margins of merchant acquirers. Earlier this week, mobile-management platform provider Passport labs Inc. Our PCI DSS-certified payment platform ensures the safe and efficient payment processing of all major credit and debit cards. Pineapple Payments offers payment processing, technology and omni-channel payment acceptance to ISVs and small- and medium-sized businesses. Simple Payment Processing Integration for Mortgage Origination Software Give your lenders the complete solution they deserve by seamlessly adding payment acceptance into your existing mortgage software or app. It’s getting harder to ignore the lure of offering customers electronic payment processing: with steady year-over-year growth, e-commerce is expected to become the. In doing so, we can help everyone in the ecosystem thrive in this fast-moving landscape. Expand your software and offer your lenders more comprehensive solutions they need to operate more efficiently and close more loans. Our goal is to simplify payment integrations for you. Dive Insight: McKinsey noted ISVs such as Square and Stripe have gained traction with small business merchants by offering easy-to-use digital payment processing that’s often lower priced than competitors. Oman, and Qatar. g. Save to My Lists. 5. -. The 2020 McKinsey Global Payments Report 13 Merchant acquiring: The rise of merchant. 5 Payment ISV Business Models. On the Terms of payment page, set up payment terms for credit cards. And it needn’t stop. To further complicate trying to get on top in the SaaS space, each decade, we see new technologies emerge and we are now living in a world where there is extreme competition. Payment functionality extends well beyond the simple credit card processing you normally associate with doing business. for processing, and facilitate setlement of transacions between the merchants and the card-issuing banks. Non-US 11% Non-Payment 43% 11K ISVs $1.