Acquirer definition

Acquirer means a business organization, financial institution, or an agent of a business organization or financial institution that has authority from an organization that operates or licenses a credit card system to authorize merchants to accept, transmit, or process payment by credit card through the credit card system for money, goods or services, or anything else of value.

Acquirer or “Acquirers” means the entity or entities to whom defendants divest the Divestiture Assets.

Acquirer means the entity to whom defendants divest the Divestiture Assets.

Examples of Acquirer in a sentence

• The Services are a cloud-based payment system by which Company, Acquirer and Processor enable Merchants to receive payments Company may also, where requested by a Merchant, perform other services on behalf of Merchant as per the terms hereof and the selections of the Merchant made through its Account.

• Each of Acquirer and Processor shall be an express third-party beneficiary of this Agreement and shall be entitled to rely on and directly enforce Sections 11, 31, 33, 35 and Exhibit A of this Agreement.

• In connection with the ACH Services, Acquirer is the Originating Depository Financial Institution (ODFI) for electronic funds transfer debit and credit entries requested by Merchant through the ACH network.

• Xxxxxxxx understands and agrees that in the event actual returned ACH transactions exceed such established return rates, Company or the Acquirer may suspend the processing of any ACH transactions.

• Subject to Merchant compliance with technical specifications prescribed by Company, Acquirer, Processor and the Rules, Merchant shall cause information concerning Card Transactions to be communicated to the Acquirer or the Processor whereupon, Company shall cause Acquirer to acquire the funds related to such Transactions through the Payment Networks and settle such funds to Merchant.

More Definitions of Acquirer

Acquirer means, collectively, with respect to the acquisition of a Party by a Third Party, a Third Party referenced in the definition of Change of Control and such Third Party’s Affiliates, other than the applicable Party in the definition of Change of Control and such Party’s Affiliates (determined as of immediately prior to the closing of such Change of Control).

Acquirer means the person that controls the Issuer following a Takeover Event. For the purposes of this definition, "control" means the acquisition or holding of legal or beneficial ownership of more than 50 per cent. of the votes which may ordinarily be cast on a poll at a general meeting of the Issuer or the right to appoint or remove a majority of the board of directors of the Issuer.

Acquirer means the following:

Acquirer means any Third Party that is a party to any Change of Control transaction and any of such Third Party’s Affiliates.

Acquirer has the meaning set forth in the definition of “Change of Control.”

Acquirer has the meaning set forth in the preamble to this Agreement.

Acquirer. Refers to a financial institution that has been authorized by a credit card organization to pay for the cardholder's purchases in advance when claimed by merchants.