Merchant Acquirer definition

Merchant Acquirer means any person that has entered into a Merchant Acquirer Agreement with you. Merchant Acquirer Agreement means any arrangement between you and another Merchant Acquirer for the acceptance and/or processing of Other Payment Products.

Merchant Acquirer means a person with a

Merchant Acquirer means any Person that has entered into a Merchant Acquirer Agreement with you.

Examples of Merchant Acquirer in a sentence

• The Institution is responsible for adhering to all applicable card association rules and regulations with any Merchant Acquirer.

• There will be additional contractual terms and conditions between the Institution and Merchant Acquirer and its affiliated merchant bank.

• Without limiting any other obligations of the Contractor under this Contract, the Contractor shall be responsible in full for any penalties, fines, levies, audit fees, or other fees, remedies, or damages imposed by a Third Party, including by a Card Association, Card Processor, issuer of Payment Cards, Merchant Acquirer, or others in connection with Security Incident or other non-compliance with Privacy and Security Regulations.

• The Company may introduce to the Institution a preferred Merchant Acquirer for processing credit and debit card transactions.

• There are contractual terms and conditions between the Institution and this Merchant Acquirer, its affiliated merchant bank, and potentially with other desired card associations.

More Definitions of Merchant Acquirer

Merchant Acquirer means, for any applicable Covered Territory, an acquiring bank or financial institution authorised by one or more payment scheme owners to enable the use of a payment method by accepting transactions from merchants on behalf of the scheme owners, routing the transaction to the applicable scheme owner (or issuing bank, as applicable) and collecting and settling the resulting funds to the applicable merchant.

Merchant Acquirer means an acquiring bank or its designated processor who forwards the transaction information to the respective credit card associations for authorization, clearing, and settlement. The acquiring bank must remain fully liable for payment to the licensee if the designated processor fails to settle with the licensee.

Merchant Acquirer means an organization affiliated with a bank licensed by card associations to enroll merchants and arrange for the necessary authorization and settlement of credit and debit card transactions.

Merchant Acquirer means a person with a relationship with a merchant for the purposes of processing credit, debit, or prepaid transactions.

Merchant Acquirer means an entity that establishes a relationship with a merchant for the purposes of processing credit, debit, or prepaid transactions.

Merchant Acquirer means any entity or person approved by us who has agreed to accept payments for Transactions processed through ANZ eGate™ and whose authorisation is required to facilitate an Approved Payment Method.

Merchant Acquirer means any person that has entered into a Merchant Acquirer Agreement with you. Merchant Acquirer Agreement means any arrangement between you and another Merchant Acquirer for the acceptance and/or processing of Other Payment Products. Mobile Device means an electronic device recognised by American Express that is enabled to initiate a Digital Wallet Payment. This includes, but is not limited to, mobile telephones, tablet computers and wearable devices.