Card Acquirer definition

Card Acquirer means a third-party entity, including but not limited to a bank or financial institution that receives and processes the Customer’s Electronic Card payment information and remit payment funds on behalf of Omise or Customer.
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Card Acquirer means a bank or financial institution that processes credit and or debit card payments for products or services for a Merchant;
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Card Acquirer means a credit card business institution that engages in card
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Examples of Card Acquirer in a sentence

  • The Company will comply with all applicable rules, requirements and standards of each of the Additional Card Networks and Third-Party Additional Card Acquirer (together, the Additional Card Network Rules).

  • Additional Card transactions will be settled directly between the Company and the corresponding Additional Card Network or Third-Party Additional Card Acquirer according to their Additional Card Network Agreements.

  • Whole static behaviour analysis of the system (BT-BW) is thus validated.

  • Renco Has No Right To An Undertaking By Peru To Avoid The Consequences Of Its Treaty Violations 7 Q 4.

  • The Merchant's Card Acquirer will then be able to settle the payment values directly into the Merchant's bank account.

  • The Bank shall exercise the duty of care of a good faith manager in handling payment for Debit Card transaction carried out in lawful manners and procure an agreement to be entered into between Card Merchants and the Bank or each Card Acquirer for the Cardholder to carry out transaction using a Debit Card.The debit card held by Cardholder is a property of the Bank.

  • However, if either the Merchant or the Card Acquirer fails to request for payments within twenty (20) calendar days (thirty (30) calendar days in respect of transition made in Japan or by MasterCard Debit Card) from the transaction day, the Bank shall cancel the retained amount.

  • Merchant Services Agreement – An agreement between the Credit/Debit Card Acquirer and Customer establishing theauthority for the Customer to accept Credit/Debit Cards as a means for payment for goods and services.

  • Acquirer (Card Acquirer): In point-of-sale (POS) transactions, the entity (usually a credit institution) to which the acceptor (usually a merchant) transmits the information necessary in order to process the card payment (ECB, 2009).

  • A Bank or Non-Bank Institution intending to conduct activities as Credit Card and/or Debit Card Acquirer is required to obtain a licence from Bank Indonesia for each activity as Acquirer of Credit Cards and/or Debit Cards.


More Definitions of Card Acquirer

Card Acquirer means a clearing system participant and a member of a card scheme that enters into a contractual relationship with a merchant and the card issuer, for the purpose of accepting and processing card transactions.
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Card Acquirer means a financial institution that has entered into an agreement with card merchants for the merchants to carry out transactions with you.
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Card Acquirer means the Bank as engaged in the Merchant Acquiring Business which may include the acquisition and processing of transactions and data from the Merchant.
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Related to Card Acquirer

  • Land acquisition means the taking of or alienation of land, buildings or other assets thereon for purposes of the Project.

  • Permitted Acquisition means any acquisition by Borrower or any of its wholly-owned Subsidiaries, whether by purchase, merger or otherwise, of all or substantially all of the assets of, all of the Equity Interests of, or a business line or unit or a division of, any Person; provided that:

  • Proposed Acquisition means the proposed acquisition by the Borrower or any of its Subsidiaries of all or substantially all of the assets or Stock of any Proposed Acquisition Target, or the merger of any Proposed Acquisition Target with or into the Borrower or any Subsidiary of the Borrower (and, in the case of a merger with the Borrower, with the Borrower being the surviving corporation).

  • business acquisition report means a completed Form 51-102F4 Business Acquisition Report;

  • Hostile Acquisition means the acquisition of the capital stock or other equity interests of a Person through a tender offer or similar solicitation of the owners of such capital stock or other equity interests which has not been approved (prior to such acquisition) by resolutions of the Board of Directors of such Person or by similar action if such Person is not a corporation, or as to which such approval has been withdrawn.