acquirer Definition | Business Dictionaries from AllBusiness.com
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Business Definition for: acquirer
acquirer

  1. in bank cards, a bank that purchases merchant sales drafts, also called the merchant bank Merchants receive credit for the dollar value of credit card receipts, less a processing fee (the merchant discount rate ).
  2. in Automated Teller Machine (ATM) networks, the financial institution that dispenses the cash, collecting a transaction fee from the card issuing bank.
  3. bank gaining control over another financial institution, either through an exchange of stock, payment in cash, or a combination.

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