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Business Terms and Jargon Explained

What is Acquirer

1) An acquirer provides merchants and retailers with facilities to accept debit, credit and charge card payments. There are also third-party ATM acquirers who install their own ATM machines and therefore acquire transactions on behalf of card issuers.

© Crown Copyright. Material taken from HM-Treasury. Reproduced under the terms and conditions of the Click-Use Licence.

Another use of term:-

2) This term refers to a company that has been taken over where the controlling interest has passed to another company.

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Term created / updated 2017-04-19 15:45:34

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