What is a Merchant Services Provider (MSP)?
A Merchant Services Provider is an organization that quotes a Discount Rate to the Merchant and handles the setup with the Front-End and Bank-End Processors to ensure the Merchant’s funds are correctly routed to the bank. An MSP can be a Merchant Bank or an Independent Sales Organization for a Merchant Bank, called an ISO.
Electronic Merchant Systems Payment Processing Glossary :
Defining key payment processing and merchant services industry terms to help business owners make better decisions.