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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Related to Merchant Acquiring Bank

  • Significant Acquisition means the acquisition (in one or a series of related transactions) of all or substantially all of the assets or Equity Interests of a Person or any division, line of business or business unit of a Person for an aggregate consideration in excess of $450,000,000.

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

  • Exempt Acquisition means a share acquisition in respect of which the Board of Directors has waived the application of Section 3.1 pursuant to the provisions of Subsection 5.1(a) or (h);

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