A company that performs the authorizations and settlements on credit card activities, usually handling several types of credit cards and payment cards.  Merchants who accept credit cards as a form of payment utilize the credit card services of credit card processors who handle the transactions electronically.  For credit card merchants that wish to sell their products to bank credit card holders, they will retain the services of one or more of these processors who handle the credit card processing for the credit cards that the particular merchant wants to accept as payment.

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