English - English
Definition of acquiring financial institution in English English dictionary
- An acquiring financial institution (or "acquirer") contracts with the bank and the merchant to enable credit card transactions. The acquirer deposits the credit card totals and debits the end-of-month processing fees from the merchants' accounts. Abbreviated: AFI
- acquiring financial institutions
- plural form of acquiring financial institution
Related Terms
acquiring financial institution
Hyphenation
ac·quir·ing fi·nan·cial in·sti·tu·tionTurkish pronunciation
ıkwayrîng fınänşıl înstîtuşınPronunciation
/əˈkwīrəɴɢ fəˈnansʜəl ˌənstəˈto͞osʜən/ /əˈkwaɪrɪŋ fəˈnænʃəl ˌɪnstɪˈtuːʃən/
Resimler
Favorites