acquirer

listen to the pronunciation of acquirer
English - Turkish
(Ticaret) devralıcı (firma)
English - English
{n} one who acquires
Obtains merchant's credit card transactions and processes them for payment
An acquirer is an organization licensed as a member of Visa / MasterCard as an affiliated bank or bank/processor alliance that is in the business of processing credit card transactions for businesses (acceptors) and is always acquiring new merchants
A merchant bank or processor that provides card services to a merchant
Acquirers are banks which make arrangements with businesses like shops so that the shops can accept plastic card payments When you have pay for something by card, the money is sent to the acquirer, which puts it in to the shop's bank account and sends details of the sale to the card issuer The card issuer records the amount of money paid and what you bought on your monthly bill The acquirer charges the shop a few pence for handling debit card transactions and a small percentage for credit cards Acquirers in the UK are Royal Bank of Scotland, Clydesdale Bank, Bank of Scotland, NatWest Streamline, Midland Bank, Barclays Merchant Services, Lloyds TSB and Girobank Merchant Services
A financial institution that maintains the merchant credit card processing relationship and receives all transactions from the merchant to be distributed to the Cardmember Banks
An insitution that acquires payment transactions from merchants or other parties Usually represented by a Merchant's Financial Institution
A bank or financial institution that issues merchant accounts for the acceptance of credit card transactions
Electronic Merchant Systems or another financial institution which receives electronic financial data from a Merchant relating to a transaction and initiates that data into an interchange system
the financial institution that dispenses cash in automated teller machines and collects a fee from the bank that issued the credit card
Financial institution (or its agent) which acquires from the card acceptor the data relating to the transaction and initiates that data into an interchange system
The bank which recruits shops and other service providers to accept payment cards Acquirers process a merchant's transactions and pass them into the clearing system to allow financial settlement
An Acquirer is a Visa / Master Card Affiliated Bank or Bank/Processor alliance that is in the business of processing credit card transactions for businesses and is always Acquiring new merchants
The bank which processes a merchant's transactions and passes them into the clearing system
a person who acquires something (usually permanently)
A firm or individual that is acquiring something
A licensed member of MasterCard and/or VISA (or its agent) which maintains merchant relationships, receives all bankcard transactions from the merchant, and initiates that data into an interchange system
A licensed member that maintains the merchant relationship and acquires the data relating to a transaction from the merchant or card acceptor and submits that data into interchange, either directly or indirectly
(N) SET usage: 'The financial institution that establishes an account with a merchant and processes payment card authorizations and payments ' (O) 'The institution (or its agent) that acquires from the card acceptor the financial data relating to the transaction and initiates that data into an interchange system ' [RFC2828] (see also Secure Electronic Transaction)
Card acquirers, such as Barclaycard Merchant Services, are banks or financial institutions which are members of card schemes such as Visa or MasterCard Acquirers enter into agreements with merchants to process card transactions on their behalf
In e-commerce, the financial institution (or an agent of the financial institution) that receives from the merchant the financial data relating to a transaction and authorizes the transaction
An organization that procures products for itself or another organization
a bank gaining financial control over another financial institution through a payment in cash or an exchange of stock
Financial institution that maintains the merchant card processing services and receives transactions to be distributed to the card issuers for a merchant
A bank or company that acquires data relating to transactions from a merchant or card acceptor for processing The acquirer enters this data into interchange, either directly or indirectly See Interchange
A financial institution that establishes air account for merchants and acquires the vouchers of authorized sales slips
A bank or company that acquires data relating to transactions from a merchant or card acceptor for processing
a credit card processing bank; merchants receive credit for credit card receipts less a processing fee
A firm or individual that is acquiring something [Harvey]
An organization that acquires or procures a system, software product or software service from a supplier (Note: The acquirer could be one of the following: buyer, customer, owner, user, purchaser )*
In business, an acquirer is a company or person who buys another company
A person who acquires
{i} person or thing that acquires; obtainer, person or thing that procures; achiever, attainer, one who gains
the financial institution that dispenses cash in automated teller machines and collects a fee from the bank that issued the credit card a bank gaining financial control over another financial institution through a payment in cash or an exchange of stock a person who acquires something (usually permanently)

Related Terms

acquirers
plural of acquirer
acquirer

    Hyphenation

    ac·quir·er

    Turkish pronunciation

    ıkwayırır

    Pronunciation

    /əˈkwīərər/ /əˈkwaɪɜrɜr/
Favorites
More...
Clear