Merchant Acquiring Bank definition

Merchant Acquiring Bank means the bank with which you hold a Merchant Account which you must maintain to accept Card based payments.
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Merchant Acquiring Bank means the bank or other
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Merchant Acquiring Bank means the bank or other organization hich has the contractual obligation to make payment to participating payees in settlement of payment card trans- actions.
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Examples of Merchant Acquiring Bank in a sentence

  • 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 Acquiring Bank.

  • Subject to the Merchant Acquiring Bank allowing deferred authorizations, the EMV PSP Service is configured to accept Cards when communication with the Merchant Acquiring Bank is unavailable (“Deferred Authorization” mode).

  • NCR Voyix reserves the right to charge you an additional development fee to cover costs in the event that the Merchant Acquiring Bank requires NCR Voyix or its third-party suppliers to complete an accreditation procedure with respect to the EMV PSP Service or the Terminal.


More Definitions of Merchant Acquiring Bank

Merchant Acquiring Bank m e a n s t h e b a n k w i t h w h i c h y o u h o l d maintain to accept Card based payments.
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Merchant Acquiring Bank means the bank or other organization which has the contrac- tual obligation to make payment to partici- pating payees in settlement of payment card transactions.
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Merchant Acquiring Bank means the bank with which the Customer holds a Merchant Account.
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Related to Merchant Acquiring Bank

  • Acquiring Bank means a bank or financial institution that processes the transaction payment which the Card is used for or on behalf of a Partner Merchant;

  • Company Acquisition Proposal means any offer or proposal for a merger, reorganization, recapitalization, consolidation, share exchange, business combination or other similar transaction involving the Company or any of its Subsidiaries or any proposal or offer to acquire, directly or indirectly, securities representing more than 20% of the voting power of the Company or more than 20% of the assets of the Company and its Subsidiaries taken as a whole, other than the Combination contemplated by this Agreement.

  • Acquisition Proposal has the meaning set forth in Section 5.03(a).

  • Existing bank means a bank or national banking association that is a party to a consolidation agreement and is engaged in the business of banking before the consolidation or merger provided for in the consolidation agreement.

  • Transaction Proposal has the meaning specified in Section 8.02(c).

  • Alternative Transaction Proposal means any offer, inquiry or proposal, written or oral (whether binding or non-binding and other than an offer, inquiry or proposal by Parent or an Affiliate of Parent), relating to an Alternative Transaction.

  • Exempt Acquisition means an acquisition by a Person of Voting Shares and/or Convertible Securities:

  • Departing Lender means each lender under the Existing Credit Agreement that executes and delivers to the Administrative Agent a Departing Lender Signature Page.

  • Significant business transaction means any business transaction or series of transactions that, during any one fiscal year, exceeds the lesser of $25,000 or 5 percent of the total operating expense of a provider.

  • Acquisition Transaction means any transaction or series of transactions involving:

  • Qualified Financial Contract means a qualified financial contract as defined in 12 U.S.C. Section 1821(e)(8)(D).

  • Target Acquisition means the acquisition of Target Shares by Purchaser pursuant to a Scheme or an Offer.