Registered ISO’s – What are They?

Many customers ask “what does registered ISO of Wells Fargo NA mean?” They wonder if the credit card processor is part of Wells Fargo, or if they’ll have to switch their banking information.

First off, you won’t have to switch any banking information. In the credit card processing industry, all processors need to have a “sponsoring bank” which provides the settlement services of transferring the funds from the cardholders bank to the merchants bank. The processing company provides all other services associated with processing credit cards such as the transmission of the card numbers and associated security, customer service, billing and more.

Wells Fargo is one of the largest sponsoring banks in the nation. HSBC is another major sponsoring bank. There are also many smaller banks that we work with to provide credit card processing services for more specialized industries.