A bankcard association member that initiates and maintains relationships with merchants that accept payment cards.
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.
In an electronic money system, the entity or entities (typically banks) that hold deposit accounts for merchants and to which transaction data are transmitted.
A financial institution that establishes air account for merchants and acquires the vouchers of authorized sales slips.
A credit card processing company that maintains a relationship with merchants and that has an agreement to process the data relating to a credit card transaction. An Acquirer is often referred to as a merchant bank.
The bank which processes a merchant's transactions and passes them into the clearing system.
a bank gaining financial control over another 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 bank or company that sets up business owners to accept credit cards
a bank or financial institution that issues an Internet Merchant account for the acceptance of online transactions
a financial institution or merchant bank
a financial institution that is a licensed MasterCard member providing services such as card payment processing, hardware and software, monthly statements, and more
a financial institution that is a licensed MasterCard member that provides services such as card payment processing, hardware and software and monthly statements
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
an organization that collects credit-authentication requests from merchants and guarantees payment to them
an organization that collects credit authentication requests from merchants and provides a
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.
Also referred to as merchant bank. These are the banks where on-line companies such as yours must have an account in order to accept credit cards. All CNP transaction credits and debits take place for your on-line business using this account.
Financial institution that maintains the merchant card processing services and receives transactions to be distributed to the card issuers for a merchant.
A financial institution that provides facilities for businesses to accept payments by cards and receive these funds.
A financial institution that establishes and maintains merchant accounts for the acceptance of card transactions. An acquirer is often referred to as a merchant bank.
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.
E-commerce lingo for banks.
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.
A network participant that is responsible for the operational control of a terminal which provides transactions for cardholders.
Any bank, financial institution, and public or private company that maintains a Seller's credit card processing relationship and receives all transactions from the Seller to be distributed to the credit card issuing banks.
A financial institution that initiates and maintains contractual agreements with merchants for the purpose of accepting and processing Visa Card transactions (also: Financial Institution, Merchant Bank).
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.
A financial institution which provides the facilities and services for a merchant to receive customer payments via credit cards.
See: Acquiring Bank, Merchant Bank A bank or financial institution that is licensed as a Visa/MasterCard member and issues merchant accounts for the acceptance of credit card accounts. The aquirer receives funds from a cardholder when a credit card transaction is completed, and places them into the merchant's business checking account.
A bank or other financial institution having a business relationship with merchants, retailers and other service provides to process their plastic card transactions. The acquirer handles/processes debit and credit card transactions received, reimbursing the merchant for the amount of the sale and levying a service charge/commission for the service.
A bank or company that acquires data relating to transactions from a merchant or card acceptor for processing.
Any Visa and/or MasterCard member that maintains relationships with merchants for the purpose of acceptance, clearing and settlement of the merchant's credit or debit card sales.
Banks that make arrangements with businesses to accept credit card sales. When you pay for something in a shop, say the money is sent to the acquirer, who puts it into the shops bank account and sends details of the sale to the credit card issuer. The card issuer records the sale and charges it to your account. The acquirer charges the shop a small fee - usually a few pence. The acquirers in the UK are; Royal Bank of Scotland, Clydesdale Bank, Bank of Scotland, Nat West Streamline, HSBC and Lloyds TSB.
financial organization providing Credit Card Processing services to online merchants. Merchants are supposed either to sign up an agreement with Acquirer Bank or to grant PSP with the corresponding authority.
The institution that obtains the merchant's credit card transactions and processes them for payment.
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.
First Data Independent Services 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 operates payment gateways for authorizing and accepting Internet credit card transactions from merchants on behalf of merchants' banks.
An institution that provides a merchant with facilities to accept card payments, accounts to the merchant for the proceeds and clears and settles the resulting obligations with card issuers.
A bank having a business relationship with merchants, retailers and other service providers to process their plastic card transactions. Acquirers obtain financial settlement for the card issuers, typically via the card schemes, which maintain the clearing systems, and pay the proceeds to the merchant, charging a fee.
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.
Company/bank with own licence that keeps up relations with the merchants it has an agreement with, managing the payments received and the interface with domestic and international networks.
A bank that sponsors merchants for the acceptance of credit card transactions.
A financial institution or processing company that signs an agreement with the merchant to accept Visa cards at its business locations as payment for the goods and services it sells, and with which the merchant deposits the receipts for the Visa card transactions completed at its business locations.
This is normally a bank that acquires the payment transactions sent by the Merchant. Acquiring m...
A financial institution that provides services for merchants who accept Visa cards
A financial institution or Merchant Service Provider (MSP) that facilitates and manages credit card processing on behalf of a merchant customer.
A financial institution which acquires transaction data from a card acceptor and enters the transaction data from a card acceptor and enters the transaction into the relevant payment system.
A financial institution or bank, which transfers payment card and other purchase information from a merchant to a processor or card association. The Acquirer then sends merchants the authorization results of card swiping and pays the money to the same.
Financial institution (or its agent) that obtains and process card transaction information from the merchant.
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.
An acquirer is a member of MasterCard and/or Visa which maintains merchant relationships and receives all bankcard transactions from the merchant.