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How is S3 allowed to process credit cards?

April 26, 2017allowed credit cards process s3

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How is S3 allowed to process credit cards?

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S3 Financial Services is a registered service provider for clearing and settlement institutions that sponsor S3 to enter MasterCard and Visa transactions into the interchange system. The settlement banks are our clearing banks and are members of MasterCard and Visa associations; therefore, both card associations are obligated to guarantee the settlement of merchant funds.