Lexeme: card processor  
Inferred
Definition:
  1. noun. A card processor refers to a company or financial institution that facilitates and manages electronic transactions for debit and credit card payments. It acts as an intermediary between the merchant, the cardholder, and the card issuer, ensuring that the payment information is securely transmitted and funds are transferred accordingly. The card processor validates transactions, authorizes payments, and settles funds between the involved parties. They also provide additional services like fraud protection, reporting, and customer support. GPT3.5
Word Forms:
  • noun. card processor (singular), card processors (plural)
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