Acquirer - definition, pronunciation, transcription
Amer.
|əˈkwaɪərər|
Brit.
|əˈkwaɪərə|
noun
- a person who acquires something (usually permanently)
- a corporation gaining financial control over another corporation or financial institution through a payment in cash or an exchange of stock
- the financial institution that dispenses cash in automated teller machines and collects a fee from the bank that issued the credit card
- a credit card processing bank; merchants receive credit for credit card receipts less a processing fee
- a corporation gaining financial control over another corporation or financial institution through a payment in cash or an exchange of stock
- the financial institution that dispenses cash in automated teller machines and collects a fee from the bank that issued the credit card
- a credit card processing bank; merchants receive credit for credit card receipts less a processing fee
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