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acquiringbank
acquiring bank
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The answer ACQUIRINGBANK (acquiring bank) has 0 possible clue(s) in existing crosswords.
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The word ACQUIRINGBANK (acquiring bank) is NOT valid in any word game. (Sorry, you cannot play ACQUIRINGBANK (acquiring bank) in Scrabble, Words With Friends etc)
There are 13 letters in ACQUIRINGBANK ( A1B3C3G2I1K5N1Q10R1U1 )
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Definitions of acquiring bank in various dictionaries:
ACQUIRING BANK - An acquiring bank (also known simply as an acquirer) is a bank or financial institution that processes credit or debit card payments on behalf of a m...
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Acquiring bank description |
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An acquiring bank (also known simply as an acquirer) is a bank or financial institution that processes credit or debit card payments on behalf of a merchant. The acquirer allows merchants to accept credit card payments from the card-issuing banks within an association. The best-known (credit) card associations are Visa, MasterCard, Discover, China UnionPay, American Express, Diners Club, Japan Credit Bureau and Indian Rupay. * The acquiring bank enters into a contract with a merchant and offers it a merchant account. This arrangement provides the merchant with a line of credit. Under the agreement, the acquiring bank exchanges funds with issuing banks on behalf of the merchant, and pays the merchant for its daily payment-card activity's net balance—that is, gross sales minus reversals, interchange fees, and acquirer fees. Acquirer fees are an additional markup added to association interchange fees by the acquiring bank, and those fees vary at the acquirer's discretion. |