what is the difference between IPSP and ISO?
jacquesm: https://www.merchantconnect.com/CWRWeb/glossary.do?glossaryL...Visa and Mastercard are the usual parties when it comes to giving out merchant accounts. An ISO is an institution created by a bank or a consortium of banks to allow merchants to accept various cards, but without having a merchant account with either Visa or Mastercard, instead they have their merchant account with the ISO or 'MSP' as it is also called.http://www.mastercard.com/au/merchant/en/acquirers/communica...It is unlikely that you will find yourself in the position of a MSP or that you will be dealing with one, banks normally use these only for groups of merchants for which it makes no sense to have a direct merchant account with the large card companies.They are an instrument for 'vertical' markets. An example of a member service provider is for instance PaySquare, positioned to accept point-of-sale transactions.https://www.paysquare-services.eu/form.aspx?id=71&ver=4&...