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.

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Merchant Acquirer means a person with a

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.

Examples of Merchant Acquirer in a sentence

• A bypass alternative is available but is difficult or impacts customer operation (e.g. voice authorization may significantly slow the authorization process or routing of Foreign Transactions to Acquirer renders DCC unavailable to Merchant Acquirer).

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

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

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

• The Institution and the Company will set up a merchant account with this Merchant Acquirer and any other desired card association to receive funds.

More Definitions of Merchant Acquirer

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

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 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 entity that establishes a

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