Acquirer Bank definition

Acquirer Bank means a member of a payment card network which contracts with a merchant for the settlement of electronic payment transactions. An acquirer bank may contract directly with merchants or indirectly through a processor to process electronic payment transactions.
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Acquirer Bank means BBCN Bank, a California state-chartered bank and a wholly owned subsidiary of Acquirer.
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Acquirer Bank means PNC Bank, National Association, a national banking association.
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Examples of Acquirer Bank in a sentence

  • The Service Provider shall ensure to comply with ICD 2.5 specification document or latest for processing the transactions to respective Acquirer Bank at all allocated fee plazas.

  • In accordance with the scheme of merger, the Share Capital of the Target Bank was kept in Collection Account in the books of the Acquirer Bank for a period of 1 year from the date of merger.

  • As per the scheme of merger, the Share Capital of the Target Bank is being treated as Collection Account in the books of the Acquirer Bank and will remain so for a period of 10 years from the date of merger.

  • Non- hazardous waste mostly originates from industrial sources (60%) and from municipalitiesx (35%).

  • Table VIII shows the beta activity of specimens measured in this study.

  • Sub-Merchant also agrees to pay Fattmerchant, as applicable, the amount of any fees, charges, or penalties assessed against Fattmerchant, as applicable, by any Association, Issuer, Acquirer, Bank.

  • Sub-Merchant expressly agrees that neither Acquirer, Bank, or Fattmerchant shall in any event be liable to Sub-Merchant or any third party for any actions or inactions of any TPSP used by Sub-Merchant, even if Acquirer, Bank or Fattmerchant introduced or recommended such TPSP.

  • This limitation of liability shall not affect Acquirer Bank’s liability, if any, for direct loss or damage to Third Parties caused by Acquirer Bank or any person or company acting on behalf of Acquirer Bank in carrying out the Services.

  • Preference shall be given to those MSMEs who have not availed the benefit under MAS/SMAS/IC scheme earlier.

  • The Service Provider shall coordinate with concerned Acquirer Bank with the support of IHMCL if required for providing the portal to monitor the transaction processing at central level.


More Definitions of Acquirer Bank

Acquirer Bank means the Successful Bidder post this RFP process.
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Acquirer Bank means the Successful Bidder post this NIQ process.
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Acquirer Bank means Bank of Hope, a California state-chartered bank and a wholly owned subsidiary of Acquirer.
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Acquirer Bank means PNC Bank, National Association, a national banking association. “Acquirer Capitalization Date” has the meaning set forth in Section 5.3.
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Related to Acquirer Bank

  • 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.

  • SBI means State Bank of India (Client) having its Corporate Centre at Madame Cama Road, Nariman Point, Mumbai- 400 021 and its representative Local Head Offices/Administrative Offices/Regional Business Offices/Branches at various places across India and includes the client’s representatives, successors and assigns.

  • Parent Company means, with respect to a Lender, the bank holding company (as defined in Federal Reserve Board Regulation Y), if any, of such Lender, and/or any Person owning, beneficially or of record, directly or indirectly, a majority of the shares of such Lender.

  • Parent means a “parent corporation,” whether now or hereafter existing, as defined in Section 424(e) of the Code.

  • HCBS means home- and community-based services.