Best credit card payment processing services

A payment processing service is a vendor-appointed service to handle transactions from various channels like credit cards and debit cards for merchant acquiring banks. When you swipe your card to buy merchandise at the store or online, it is the payment processor that is responsible for data transmission and security. Given below is a list of the best credit card payment processing services available in the market today:

Bank of America Payment services: They have the advantage of working with the second largest bank in the US. All kinds of payments like credit cards, debit cards, gift cards and electronic cheques are accepted here. They also promise mobile service and access to pay the next day.

Citibank: The Citibank processes transactions in more than a hundred currencies. Citibank also offers end to end processing services, reporting, customer service and billing.

Wells Fargo: This is one of the four major banks in the country, and they offer next day business funding, encryption and tokenization technology, support for both PIN and signature services.

Chase Paymentech: JP Morgan Chase is the largest bank in the US and its payment processing service authorizes and processes payments in more than 130 currencies. It also offers fraud detection, analytics, and security solutions.

Barclays: Barclaycard payment processing services facilitates phone, web, in-person and even mail order payments made on the desktop as well as portable card machines.

Vantiv: Thanks to its nearly error-free purchases, authorizations and captures Vantiv has held its head up high as one of the top credit card payment processing services in the country.

First Data: It facilitates small business payments. It is famous for its mini-reader that works without a Wi-Fi connection and a mobile reader that can be attached to other devices to process payments on the go.

Global Payments: Their primary focus is on ensuring that businesses accept all major forms of payment.

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