Despite the rapidly evolving payment options that consumers have today, credit cards still remain the leading payment method. In fact, according to the 2016 U.S. Consumer Payment Study, this was the first time that “credit took over the top spot as the overall preferred way to pay, replacing debt as the number-one choice in years past.” However, that may not last much longer. Between technological advances and the preferences of Millennials, the credit card processing industry is changing on an almost daily basis. With that in mind, here is the current state of the credit card processing industry for 2017.
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