acquirer


Babylon EnglishDownload this dictionary
acquirer
n. person or thing that acquires; obtainer, person or thing that procures; achiever, attainer, one who gains

English Wikipedia - The Free EncyclopediaDownload this dictionary
Acquiring bank
An acquiring bank (or acquirer) is a bank or financial institution that processes credit or debit card payments on behalf of a merchant. The term acquirer indicates that the merchant accepts or acquires credit card payments from the card-issuing banks within an association. The best-known (credit) card associations are VisaMasterCardDiscoverAmerican ExpressDiners ClubJapan Credit Bureau and China UnionPay.

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WordNet 2.0Download this dictionary
acquirer

Noun
1. a person who acquires something (usually permanently)
(hypernym) person, individual, someone, somebody, mortal, human, soul
(hyponym) recipient, receiver
(derivation) get, acquire
2. a bank gaining financial control over another financial institution through a payment in cash or an exchange of stock
(hypernym) depository financial institution, bank, banking concern, banking company
(derivation) get, acquire
3. the financial institution that dispenses cash in automated teller machines and collects a fee from the bank that issued the credit card
(hypernym) financial institution, financial organization, financial organisation
(derivation) get, acquire
4. a credit card processing bank; merchants receive credit for credit card receipts less a processing fee
(synonym) merchant bank
(hypernym) depository financial institution, bank, banking concern, banking company
(derivation) get, acquire


Webster's Revised Unabridged Dictionary (1913)Download this dictionary
Acquirer
(n.)
A person who acquires.
  

Webster's Revised Unabridged Dictionary (1913), edited by Noah Porter. About
Campbell R. Harvey's Hypertextual Finance GlossaryDownload this dictionary
Acquirer
A firm or individual that is acquiring something.