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Definition of

acquiring bank


institution handling credit card transactions a financial institution, commonly a bank, that processes a merchant's credit card authorizations and payments, forwarding the data to a credit card association, which in turn communicates with the issuer.

Related definitions of "acquiring bank"

Definitions of ’acquiring bank’ and meaning of ’acquiring bank’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’acquiring bank’ and other financial terms with our online QFINANCE Financial Dictionary.

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