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The phrase "are now processing" is correct and usable in written English.
It can be used to indicate that something is currently being handled or dealt with, often in contexts related to data, applications, or requests.
Example: "Your application is being reviewed, and we are now processing your request for approval."
Alternatives: "are currently handling" or "are in the process of".
Exact(9)
"We are now processing the payments so that they reach the beneficiary accounts as quickly as possible.
That big rise reflected the fact that 17 states are now processing claims for the extended benefits that Congress approved last month.
What's changed is that there are now processing machines that are far more efficient than states: as Harari points out, governments find it almost impossible to keep up with the pace of technological advance.
They are now processing over 1 billion ad impressions every day.
They recently closed a few big brands including Overstock and Wikipedia, which are now processing Bitcoin transactions using Coinbase.
We are now processing the theoretical analysis on vibrational properties of SWCNTs and DWCNTs subjected to axial pressure in order to provide further quantitative and qualitative experiments and simulations on RBM of CNTs.
Similar(51)
It's now processing nine billion per day.
I am now processing the Missionary Research Library Administrative Records, another large and interesting collection.
In November, it said that it, too, was now processing $10 billion in payments a year.
Earlier this week Square said it was now processing more than $4 billion in payments a year.
I was working as an engineering safety adviser, and Elaine was now processing insurance forms for a catalogue company.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com