5 Best Credit Card Issuing Support Companies/Organizations in USA

5 Best Credit Card Issuing Support Companies/Organizations In the USA: Credit card transactions have become a common means of payment for business transactions. Earlier, banks were the main credit card processing agencies. Improved technology and the internet have allowed third-party agencies to enter this sphere, and they are offering cheaper and faster services to merchants.

In this post, you will find information about the different roles that best credit card  Issuing companies and networks play as well as a review of the largest and most popular players in this market.

5 Best Credit Card (CC) Issuing Support Companies/Organization In USA 2018

1. American Express

American Express operates in more than 130 countries globally. As of 2012, Amex was the biggest credit card network in the world with a market share of 15% and the 4th largest credit card issuer with a market share of 9%. It is also recognized for being the world’s leading issuer of charge cards and for targeting its merchandise to high-income individuals with strong credit scores. As a result, American Express is a great source of profitable rewards credit cards but is not intensely involved in the credit improvement space. It is interesting to note, however, that it has in recent years partnered with Walmart to present the Bluebird Prepaid Card, the company’s first venture into the growing prepaid card market and seemingly an attempt to expand its consumer reach.

2. Bank of America Merchant Services

Bank of America, which was founded in San Francisco in 1904, Headquartered in Charlotte, New York. The company is not only one of the largest financial institutions in the world, but Merchant Services has the advantage of functioning within the second-largest bank in the U.S. The service promises acceptance of all kinds of payments like credit cards, debit cards, electronic checks, and gift cards access to funds on the next business day, and mobile support. Bank of America has also come under a great deal of fire for various alleged improprieties during the downturn and beyond. In addition to its credit card processor, Bank of America provides deposit accounts, investment vehicles, and financial management services to consumers.

3. Citibank

The consumer banking division of Citigroup processes transactions in more than 100 currencies. It was founded in 1812 as the City Bank of New York. It offers end-to-end processing services, from pricing to transactions, customer service, reporting, and billing.

The company is recognized for offering a number of cards with extended 0% introductory periods as well as a broad selection of rewards. Citi has two famous rewards programs: Simplicity and Thank You. In addition to co-branded partnerships with American Airlines and Hilton Hotels.

Also Check: 5 Best & Trusted Life Insurance Companies in the USA

4. Wells Fargo

Wells Fargo’s reach into the credit card market isn’t quite as extensive as its presence in the everyday banking space, however. It is the 8th biggest credit card issuer in the U.S. Wells Fargo’s goal offers to folks across the credit field- from credit building credit cards to rewards credit cards to business credit cards. Wells Fargo provides next-business-day funding, security and tokenization technology, and assistance for both PIN and signature transactions.

Wells Fargo holds the first-ever banking charter issued by the United States government, assuming it through the company’s 2008 exchange of Wachovia.

5. Chase Paymentech

The payment-producing arm of JPMorgan Chase, the largest bank in the U.S. by total deposits. Chase Bank was an independent entity, authorizes and processes payments in more than 130 currencies. Chase is known for providing a wide range of credit cards, from its popular Freedom rewards cards and co-branded offers through the likes of British Airways, Southwest Airlines, and United Airways to the free balance transfer card, Record. The Chase Sapphire Preferred Card also offers lucrative initial rewards bonuses on the market. As you might expect based on the types of cards that Chase offers, the company’s products are designed primarily for people with above-average credit. And like its peers, Chase offers analytics, fraud detection, and security solutions.

The difference between credit card issuer agencies and a credit card network is understandably confusing, but fortunately, it is simple to explain. Credit card companies are the financial institutions that issue credit cards to consumers and service their accounts. One can easily compare key aspects such as interest rates, annual fees as well as other key features.

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