What type of services does a Bank Card Service Provider (BSP) offer?

A Bank Card Service Provider (BSP) offers a range of services that facilitate both merchants and cardholders in the payment processing ecosystem. The correct answer reflects the dual role of a BSP, which involves providing support to businesses that accept payments as well as managing services for consumers who use cards for transactions.

For merchants, BSPs typically offer solutions such as payment processing, point of sale (POS) system support, fraud prevention, and transaction reporting. These services enhance a merchant’s ability to conduct sales efficiently and securely. For cardholders, BSPs may provide customer support related to their credit or debit cards, information on transactions, and services that can help manage their accounts.

This holistic approach to servicing both sides of the transaction—merchants and consumers—is essential in creating a seamless payment experience, which is why the option detailing merchant and cardholder services is the most accurate representation of a BSP's offerings.