In the course of the credit card payment process, the bank with which the merchant holds an account and which credits the merchant's account. See also issuing bank.
An acquiring bank provides credit card merchant accounts. This bank establishes and maintains the merchant relationship. The acquiring bank is also responsible for submitting credit card purchase information to Visa and MasterCard.
The bank that provides an e-commerce business with its credit card processing account. This bank sends credit card and purchase information from e-commerce transactions to a credit card association (such as Visa and MasterCard), which forwards it to the issuing bank.
A bank that provides and e-business with a credit card merchant account. The acquiring bank transfers credit card and other purchase information to a credit card association, and they in return forward it onto an issuing bank.
A financial institution that provides credit card processing accounts for merchants. Also referred to as a merchant bank or an acquirer, the bank receives funds from a cardholder when a credit card transaction is completed, and then deposits the payment amount, less any fees, into the merchant's business checking account.
The bank to which a merchant involved in a credit card transaction first presents the credit card charge for payment.
this bank holds merchant accounts and permits the transferal of funds from these account into a normal bank accounts
a bank that acquires the funds from credit card transactions that a business has processed
a bank that is responsible for acquiring the funds from credit card issuing banks for transactions that were processed by your customers
A bank having business relationship with a merchant and receiving all credit card transactions from that merchant, can also be called a merchant bank
The financial institution that enters an electronic transaction into the collection stream. This can be the merchant's bank, in the case of credit cards or POS debit cards, or the ATM-owning bank in the case of ATM debit card transactions.
A financial institution that provides merchant accounts. A merchant account allows you to accept credit cards. Acquiring banks are also called merchant banks, or acquirers. Acquirers are so named because they acquire a merchant's sales tickets and credit the order value to the merchant's account. American Express and Discover sign up merchants to accept their cards, performing a similar function to acquiring banks. (American Express and Discover also issue their own cards, acting like issuing banks.)
The bank who acquires the credit drafts from a merchant at a discount
The financial institution that administers the deposit account for a merchant who accept credit cards.
The bank which provides the internet merchant facility.
The bank which approves a merchant for accepting credit cards, and then collects the merchant's online payments. Some banks use Independent Sales Organizations to be the front-end of this service. Acquiring Banks are generally members of the Visa and MasterCard Associations
The bank providing you with your Merchant ID
The bank that verifies the credit cards of the cutomers on behalf of the merchant and deposits the required amount into merchant’s account after final settlement is known as acquiring bank.
the financial institution that assumes the credit card processing risk for merchant services accounts
The bank that maintains the merchant relationship and receives all transactions from the merchant.
An acquiring bank provides merchants with Internet Merchant Accounts.
See Acquirer, Merchant Bank
A bank that receives the credit card transactions and then settles with the issuing banks. Bank that signs up / enables the merchant to process transactions.
Also referred to as an acquirer, this is a Visa member bank that signs up merchants to accept Visa cards. Along with the issuer, the cardholder and the merchant, the acquiring bank constitutes one of the parties in a four-party payment system.
The financial institution that settles card transactions for a merchant.
a bank that has a business relationship with a Merchant and receives Credit Card transactions from that merchant.
This is the status of a Visa/Master Card member bank that establishes and maintains the merchant relationship and processes all merchant transactions. Humboldt Bank is an acquiring bank. Contrast with "Issuing Bank."
The bank or financial institution that holds the merchant's bank account that is used for collecting the proceeds for credit card processing.
A financial institution that contracts with merchants to settle electronic transactions. The acquiring bank provides the merchant with its credit card processing account. This acquiring bank sends credit card and purchase information from credit card transactions to a credit card association (such as Visa and MasterCard), which forwards it to the issuing bank.
A principal member of Visa and MasterCard that acquires data relating to transactions from a merchant or card acceptor for processing. All merchant accounts must be sponsored by a bank that is a member of the card associations (Visa and Mastercard). They are responsible for depositing the funds into your checking account.
The financial institution that conducts business with merchants who accept credit cards. The bank buys the merchant's sales slips and credits the monetary value to the merchant account.
The acquiring bank is the bank that receives all transactions from the merchant in an interchange. Example: NationsBank, Bank of America.
An acquiring bank is a bank which provides a service to its business customers which allows them to accept card payments for goods & services.