![]() Bank of Americaīank of America Merchant Services has the advantage of functioning within the second-largest bank in the U.S. Back-end processors are responsible for a fund’s settlement, which ends with the merchant receiving a deposit for transactions.īelow, we’ve outlined the major players in credit card processing and described their major strengths. Front-end processors route transactions from merchants to the cardholder’s bank to gain authorization that is, they make sure a customer has enough available credit or funds to make a purchase. There are two types of payment processing companies in the card system.
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