What is an Independent Software Vendor?
An Independent Software Vendor, or ISV, is a company which develops software solutions that include or integrate payment functionality. These solutions are often tailored to specific industries such as hospitality, retail, or healthcare.
How do ISVs fit into payments?
ISVs embed payment capabilities into their platforms, allowing businesses to accept payments directly within their operational systems. This creates a more seamless experience for both merchants and customers.
What are examples of ISV solutions?
Examples include restaurant management systems with built-in payments, retail point of sale software, and booking platforms with integrated checkout features.
Why are ISVs important in modern payments?
They enable embedded payments, where transactions occur within business workflows rather than separate systems. This improves efficiency, reporting, and user experience.
How do ISVs generate revenue from payments?
They often earn revenue through revenue sharing agreements with payment providers, charging fees on transactions processed through their software.