Updated 1/30/2019: The IRN Payment Systems website appears to have been inactive since May 2016, and it seems likely that the IRN Payment Systems brand is no longer active. There is some evidence that the company’s owners have founded a new credit card processing company named ePayment Services, but we are unable to locate any information about ePayment Services at this time. If you have any knowledge of the current status of IRN Payment Systems (including any DBAs or rebrandings), please share that information in the comment section below this review.
IRN Payment Systems (irnpayment.com) is a small merchant account provider located in Westbury, New York, that claims to have been in business since 1988. Merchant reports commonly link “IRN Payment Systems” or “IRN Payments” with a company called “National Bureau of Merchant Services” (NBMS). On April 9, 2014, we were contacted by Jennifer Portillo, a representative of a company called Internal Resource Network. She stated that Internal Resource Network and the National Bureau of Merchant Services are two separate companies, that Internal Resource Network is not owned by Michael or Suzanne Salman (the owners of NBMS), and that Internal Resource Network is based in New York. It is possible that the IRN Payment Systems described in this review is a different company than the Internal Resource Network represented by Jennifer Portillo, but both companies are based in New York and have been linked to NBMS in merchant complaints.
In any case, numerous online complaints and other consumer protection websites posit some kind of link between NBMS and Internal Resource Network, so the exact relationship between the two companies remains unclear at this time. It is also unclear whether and to what extent Internal Resource Network and IRN Payment Systems are related. A representative of NBMS has posted in the comment section of this review stating that NBMS formerly had a business relationship with “IRN Payments,” but since there are no payment processing companies by the name of IRN Payments, it’s hard to know which company this representative was referring to. In general, it has been exceedingly difficult to obtain any clear explanation of the relationships that may or may not exist between these entities. This review has therefore been written under the assumption that IRN Payment Systems is not the same company as Internal Resource Network, but that both IRN Payment Systems and Internal Resource Network are presently or formerly affiliated with NBMS.
In June 2014, IRN Payment Systems settled with the Federal Trade Commission for more than $1 million following charges that the company knowingly assisted a credit card interest rate reduction scam that ripped off consumers for more than $10 million.
IRN Payment Systems appears to be an ISO/MSP of either First California Bank of Westlake Village, California, or Bancorp Bank of Wilmington, Delaware. Amedeo Sgueglia is listed as the president of IRN Payment Systems.