What is one function performed by a full-service processor?

A full-service processor provides total outsourcing services, meaning it manages a wide variety of tasks for merchants related to payment processing. This can include everything from transaction processing to risk management, customer service, and compliance with industry regulations. By offering a comprehensive suite of services, a full-service processor allows merchants to focus on their core business activities while relying on the processor to handle the intricacies of payment operations.

This complete outsourcing capability distinguishes full-service processors from other types of processors that may only offer specific services, such as transaction processing or other limited functionalities. Such breadth of service is essential for merchants who prefer to have a singular point of contact for their payment processing needs rather than managing multiple service providers.