News from the Wire

NAB selects ISO Amp statement analysis, proposal tool

Tuesday, September 06, 2022 — 12:59:19 (EDT)

9/6/22, Altoona, PA and Troy, MI — ISO Amp and North American Bancard today announced that ISO Amp has become the exclusive provider of statement analysis and proposal generation to NAB’s merchant Sales Partners. 

ISO Amp is a software and service solution that takes the grunt work out of statement analysis, freeing merchant sales reps to do what they do best: prospecting and sales. Users upload payment processing statements from prospects to a branded portal, where the statements are analyzed and accurate branded cost-comparison proposals are generated with an average turnaround time of less than 30 minutes. 

ISO Amp leverages cutting-edge artificial intelligence and automation to extract text from any merchant statement and categorize fees. It can even optimize for Level-2 and Level-3 interchange. Statements requiring human intervention, such as unusual document types, imperfect scans requiring data entry, unmatched fees, etc. get flagged for review by trained statement analysts.

“Statement analysis has always been a tedious process, requiring valuable time and resources that are better invested in the sales process,” said Darren McCaffrey, Director of Partner Relations, NAB. “We selected ISO Amp because of its proven track record for accuracy and providing sales agents with quick and seamless experiences. ISO Amp also provides detailed interchange optimization for B2B transactions, which makes a lot of sense for us given NAB’s recent acquisition of the PayTrace gateway.”

“ISO Amp is a full-service statement analysis tool already used by hundreds of merchant sales teams to outsource statement analysis with confidence,” said James Shepherd, CEO of ISO Amp. “We offer a fully-branded experience — from statement upload and pricing screens, to proposal templates, and even fielding questions from users. This frees our clients to transition their most knowledgeable experts to other parts of the business where they can add more value.”

About NAB

North American Bancard is re-imagining the payment experience. As a leading payment technology innovator, NAB has a diversified product platform that provides a modern end-to-end infrastructure to enable globally-preferred payment types. NAB’s superior solutions deliver seamless payments experiences in mobile, e-commerce, and in-store environments. Serving hundreds of thousands of businesses and with over $100 billion per year in electronic transaction volume, NAB delivers functional, feature-rich and frictionless solutions for the evolving merchant economy. For more information, please visit www.northamericanbancard.com.

About ISO Amp

Headquartered in Hollidaysburg, Pennsylvania, ISO Amp has developed proprietary technology that leverages AI, supplemented by a team of experts to render complete and accurate statement analyses and cost-comparing proposals. As long as the statement is legible, ISO Amp can analyze it and propose savings. Every platform, every pricing structure is supported. Turnaround on most statements is 30 minutes, or less, and even statements requiring data entry can be analyzed on a same-day basis when submitted before 3 p.m. ET.

Contact: sales@ISOamp.com

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Source: Company press release.