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Definition of Third party processor
1. Noun. A company that is contracted, by a bank etc., to conduct some part of a financial transaction process; especially a company that provides software or hardware for such a process ¹
¹ Source: wiktionary.com
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1. Noun. A company that is contracted, by a bank etc., to conduct some part of a financial transaction process; especially a company that provides software or hardware for such a process ¹
¹ Source: wiktionary.com