ACQUIRER

Definition of ACQUIRER

  1. (noun)a person who acquires something (usually permanently)
  2. (noun)a corporation gaining financial control over another corporation or financial institution through a payment in cash or an exchange of stock
  3. (noun)the financial institution that dispenses cash in automated teller machines and collects a fee from the bank that issued the credit card
  4. (noun)a credit card processing bank; merchants receive credit for credit card receipts less a processing fee