Chargebacks Glossary

Your go-to resource for understanding payment, fraud, and banking terminology with clear definitions from Acquirer to Zero Liability

ASP

An application service provider (ASP) is a business that offers software applications and related services via the internet.

ASPs are fundamental because they provide merchants with efficient and secure tools for processing transactions. These tools, accessible through the cloud, often include payment gateways, customer relationship management (CRM) systems, and robust security protocols.

Opting for ASPs allows businesses to avoid the heavy lifting of managing software on-site, saving both time and resources. Moreover, ASPs are designed to scale with businesses, adapting seamlessly to their evolving needs. This flexibility simplifies payment processing and bolsters data security. In turn, they play a key role in keeping financial transactions safe and building customer trust.

See also Software as a Service

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