ACQUIRER
Scrabble letter values: A1C3Q10U1I1R1E1R1 = 19
Definition
- noun a person who acquires something (usually permanently).
- noun a corporation gaining financial control over another corporation or financial institution through a payment in cash or an exchange of stock.
- noun the financial institution that dispenses cash in automated teller machines and collects a fee from the bank that issued the credit card.
- noun a credit card processing bank. — synonyms: merchant_bank
Examples
- “merchants receive credit for credit card receipts less a processing fee”