Acquirer - Definition
acquirer
n 1: a person who acquires something (usually permanently)
2: a corporation gaining financial control over another
corporation or financial institution through a payment in
cash or an exchange of stock
3: the financial institution that dispenses cash in automated
teller machines and collects a fee from the bank that issued
the credit card
4: a credit card processing bank; merchants receive credit for
credit card receipts less a processing fee [syn: merchant
bank, acquirer]