Independent Software Vendors (ISVs)
Independent Software Vendors (ISVs) are companies that specialize in making and selling software, usually for niche markets or specific industries.
In the context of payment processing, ISVs may develop software solutions that include integrated payment processing capabilities, allowing businesses to manage their operations and accept payments through a single system. Examples can include point-of-sale systems, e-commerce platforms, and business management software.
These integrated solutions often help businesses to streamline their operations, reduce manual errors, and improve the efficiency of their payment processing. Additionally, by partnering with payment processors or acquiring banks, ISVs can offer their clients a comprehensive and seamless payment experience.
This can include not only the processing of transactions but also additional services like fraud detection, reporting, and analytics.