ACQUIRER





Definition:

  1. [noun] a person who acquires something (usually permanently)

  2. [noun] a bank gaining financial control over another financial institution through a payment in cash or an exchange of stock

  3. [noun] the financial institution that dispenses cash in automated teller machines and collects a fee from the bank that issued the credit card

  4. [noun] a credit card processing bank; merchants receive credit for credit card receipts less a processing fee
    Synonyms: merchant bank

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