Card Association MSPS Service Provider 
Exact Payments
OCTOBER 30, 2023
There are several entities and technologies that interact in order to facilitate the transaction process, including: Payment processors Payment processors are service providers that operate as intermediaries between the customer’s bank and the merchant’s bank.
Evolve Payment
MARCH 21, 2024
More specifically, the OCC labels a merchant processing activity as: “the settlement of credit and debit card payment transactions by banks for merchants through various card associations.” Merchant Service Providers (MSPs) Your merchant service provider (MSP) is your dedicated point of contact for anything payment-related.
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