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Integrated Reporting Is Simple LLC

ISO/MLS contact:

Dimitri Akhrin

Article originally appeared in The Green Sheet Issue 140101

An integrated ecosystem for ISOs

I n 2010, Dimitri Akhrin, founder and President of Brooklyn, N.Y.-based Integrated Reporting Is Simple LLC (IRIS), was at the helm of a thriving ISO. "Our clients were happy, our employees were motivated and the company I'd built over the last four years had become an unquestionable success yet, all was not well," Akhrin recalled.

Like all ISOs, Akhrin's ISO, Bank Associates Merchant Services, faced increased competition and shrinking margins. Akhrin felt the company had an exceptionally organized sales force, strong strategic relationships and stellar customer service. He concluded the next step forward would have to be technological.

After conducting extensive research, Akhrin found no existing system could meet the payments industry's unique demands. So he decided to build his own. Akhrin, a Certified Payments Professional, holds a bachelor's degree in business and technology management from Polytechnic Institute of New York University, so he brought both technical expertise and payments industry knowledge to the task.

The result? IRIS a custom-built, web-based ecosystem of services designed to improve efficiency and serve clients better, while slashing ISO lead-to-boarding sales time. Word of the system soon spread. IRIS now serves a growing list of ISO clients that, cumulatively, manage tens of thousands of merchant accounts, Akhrin reported.

Features for ISOs abound

The IRIS ecosystem features and integrations include:

Spotlight Innovators:

North American Bancard | Simpay | USAePay | Impact Paysystems | Board Studios