third party processor

noun

A company that is contracted, by a bank etc., to conduct some part of a financial transaction process; especially a company that provides software or hardware for such a process

Ask AI about this wordChatGPTClaudePerplexityGoogle AIGrok

Meanings

nounthird party processor (plural third party processors)

plural third party processors · alternative third-party processor

  1. A company that is contracted, by a bank etc., to conduct some part of a financial transaction process; especially a company that provides software or hardware for such a process
Cite this entry
APA

third party processor. (n.d.). In WatkinsX Dictionary. Retrieved November 2, 2026, from https://dictionary.watkinsx.com/word/third%20party%20processor

MLA

“third party processor.” WatkinsX Dictionary, https://dictionary.watkinsx.com/word/third%20party%20processor. Accessed November 2, 2026.

Chicago

WatkinsX Dictionary, s.v. “third party processor,” accessed November 2, 2026, https://dictionary.watkinsx.com/word/third%20party%20processor.

Source: third party processor on Wiktionary, CC BY-SA 4.0.