Acquiring Bank

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)