An acquiring bank (or acquirer) is the bank or financial institution that processes credit and or debit card payments for products or services for a merchant. The term acquirer indicates that the bank accepts or acquires credit card payment from the card-issuing banks within an association. The best-known (credit) card associations are Visa, MasterCard, American Express, Diners Club, Japan Credit Bureau and China UnionPay.
Read more about Acquiring Bank: Merchant Accounts, Acquirer Risk
Famous quotes containing the words acquiring and/or bank:
“Acquiring virtue is better than acquiring gold.”
—Chinese proverb.
“What’s breaking into a bank compared with founding a bank?”
—Bertolt Brecht (1898–1956)