PAYMENT PROCESSORS

PAYMENT PROCESSORS A payment processor is a company (often a third party) appointed by a merchants to handle credit card transactions for merchant bank.They are usually broken down into two types—front-end and back-end, with a gray area in between. Front-End Processors have connections to various Card Associations and supply authorization and settlement services to the merchant Banks’ Merchants. Back-End Processors accept settlements from Front-End Processors and, via The Federal Reserve Bank… More information...

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