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"definition", "offset": [157, 177]}], "snippet": "means various banks and financial institutions licensed under the Payment and Settlement Systems Act, 2007 to acquire, authorize and authenticate the online payment transactions.", "size": 6, "hash": "c29265b3538861d2ef66cfcd5fc2b449", "id": 10}], "next_curs": "ClsSVWoVc35sYXdpbnNpZGVyY29udHJhY3RzcjcLEhpEZWZpbml0aW9uU25pcHBldEdyb3VwX3Y1NiIXYWNxdWlyaW5nLWJhbmsjMDAwMDAwMGEMogECZW4YACAA", "definition": {"title": "Acquiring Bank", "snippet": "means a financial institution that receives credit card transactions and then settles with the card-issuing banks.", "size": 184, "id": "acquiring-bank", "examples": ["In such instances a predefined Transaction limit you establish in your sole discretion can be configured so that charges above this limit are automatically rejected and charges below this limit are automatically accepted without approval of the Merchant <strong>Acquiring Bank</strong>.", "NCR Voyix reserves the right to charge you an additional development fee to cover costs in the event that the Merchant <strong>Acquiring Bank</strong> requires NCR Voyix or its third-party suppliers to complete an accreditation procedure with respect to the EMV PSP Service or the Terminal.", "Subject to the Merchant <strong>Acquiring Bank</strong> allowing deferred authorizations, the EMV PSP Service is configured to accept Cards when communication with the Merchant <strong>Acquiring Bank</strong> is unavailable (\u201cDeferred Authorization\u201d mode).", "Subject to the Merchant <strong>Acquiring Bank</strong> allowing deferred authorizations, the EMV PSP Service is configured to accept Cards when communication with the Merchant <strong>Acquiring Bank</strong> is unavailable (D\u201ceferred Authorization\u201dmode).", "Upon termination, and if required by The <strong>Acquiring Bank</strong>, The Merchant shall maintain an escrow account with The <strong>Acquiring Bank</strong>.", "Lacking such escrow account if funds are not sufficient in the escrow account to cover said chargebacks and adjustments pursuant to this Agreement, The Merchant agrees to promptly pay to The <strong>Acquiring Bank</strong> upon request the amounts of the items.", "The Merchant agrees that, for the period defined by the <strong>Acquiring Bank</strong> and/or any relevant Card Association rules after any termination of this Agreement, The Merchant shall be totally responsible for any and all chargeback\u2019s and adjustments resulting from transactions processed pursuant to this Agreement.", "The <strong>Acquiring Bank</strong> will refund any such remaining funds to The Merchant no later than the period defined by the <strong>Acquiring Bank</strong> and/or any relevant Card Association rules after the termination of the Agreement.", "The <strong>Acquiring Bank</strong> records shall be used as proof of these chargebacks and adjustments.", "The Merchant shall confirm in writing to The <strong>Acquiring Bank</strong> its acceptance of the new fees."], "related": [["merchant-acquiring-bank", "Merchant Acquiring Bank", "Merchant <strong>Acquiring Bank</strong>"], ["acquiring-company", "Acquiring Company", "Acquiring Company"], ["existing-bank", "Existing bank", "Existing bank"], ["acquiring-party", "Acquiring Party", "Acquiring Party"], ["acquiring-person", "Acquiring Person", "Acquiring Person"]], "related_snippets": [], "updated": "2025-07-26T06:10:51+00:00"}, "json": true, "cursor": ""}}