acquirer - definition and synonyms

noun business
  1.   From our crowdsourced Open Dictionary
    a bank that processes and settles a merchant's daily credit card transactions, and then in turn settles those transactions with the card issuer/association

    MasterCard acquirer is a business that is licensed to work with merchants, process transactions, and settle transactions.

    Submitted by Islombek from Uzbekistan on 27/10/2016