Final answer:
The credit card company is responsible for transferring funds to the merchant in a credit financial transaction, which acts as a short-term loan for the user.
Step-by-step explanation:
They cancel collection processes until the user settles the debt at the end of the billing cycle. When a credit financial transaction is created, the credit card company is responsible for transferring money from its checking account to the seller, effectively canceling collection processes. The credit card acts as a short-term loan where the user is given a credit line to make purchases and then owes the money to the credit card company at the end of the billing cycle.
In this process, neither the bank, the customer, nor the merchant are responsible for canceling collection processes; it is the credit card company's transaction with the merchant that temporarily settles the debt.