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acquiring financial institution
English
Meaning
acquiring financial institution
meaning
What does
acquiring financial institution
mean?
acquiring financial institution
noun
—
(
finance
)
An
institution
that
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
.
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