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Home Who are the largest payment processors in the US?
14 Jul 2022 By PAYCEC
In the card system, there are two different kinds of payment processing businesses.
Front-end processors make sure a customer has enough available credit or funds to complete a purchase by sending transactions from businesses to the cardholder's bank for authorization.
The settlement of a fund, which results in the merchant receiving a deposit for transactions, is the responsibility of back-end processors.
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