What does CSP stand for in a payment context?

In the context of payments, CSP typically stands for Customer Service Provider. This term refers to organizations or entities that assist merchants and customers with inquiries and issues related to payment transactions. Their role is crucial in facilitating smooth communication and resolving problems that might arise during the payment process. By providing support, these providers enhance the overall customer experience, enabling merchants to focus on their core business while ensuring that customer concerns related to payments are addressed promptly and effectively.

While the other terms may be applicable in different contexts or industries, they do not accurately represent the specific function of a CSP in the payments sector. For example, a Corporate Service Provider might refer to companies that offer various business services but not specifically focused on payment processing, and a Chargeback Service Provider would concentrate solely on managing chargebacks, which is a more specialized area.