Error: Did not finish. The operation has timed out while processing credit cards

When running a credit card process with IATS as the credit card processor the error occurs

Download and install the latest patch, which contains all fixes from previous patches. If you are running an older version, download and install the latest version and then the patch. 

Environment

 2.9.1001.49
 2.93.2034, patch 17 ; 2.9.1001, patch 87

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