A(n)________ is a third-party service connecting a merchant's EC system to the appropriate acquiring bank or financial institution.

Question

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A payment service provider (PSP) acts as a link between the merchant's eCommerce system and the acquiring bank or financial institution to process the payment transactions. They provide secure payment processing, fraud detection, and payment gateway integration services to merchants. ISPs are responsible for providing access to the internet, ASPs provide software applications over the internet, and CSPs deal with extending credit to customers.

A(n)________ Is a Third-Party Service Connecting a Merchant's EC System