acquirer

Meanings

Plural: acquirers

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
• One who acquires.
• A bank or financial institution that processes credit card or debit card payments on behalf of a merchant.

Synonyms

merchant bank