Acquiring-financial-institution Definition

noun
An acquiring financial institution ("acquirer") contracts with the bank and the merchant to enable credit card transactions. The acquirer deposits the credit card totals and debits the end-of-month processing fees from the merchants' accounts. Abbreviated: AFI.
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Other Word Forms of Acquiring-financial-institution

Noun

Singular:
acquiring-financial-institution
Plural:
acquiring-financial-institutions

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