acquirer (card acquirer)

What is acquirer (card acquirer)?

acquirer (card acquirer) definition and meaning on Finance terms:
In point-of-sale (POS) transactions, the entity (usually a credit institution) to which the acceptor (usually a merchant) transmits the information necessary in order to process the card payment. In automated teller machine (ATM) transactions, the entity (usually a credit institution) which makes banknotes available to the cardholder (whether directly or via the use of third-party providers). <

 

reference: https://www.ecb.europa.eu/home/glossary/html/index.en.html

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