ACQUIRER

acquirer

(noun) the financial institution that dispenses cash in automated teller machines and collects a fee from the bank that issued the credit card

acquirer

(noun) a corporation gaining financial control over another corporation or financial institution through a payment in cash or an exchange of stock

acquirer

(noun) a person who acquires something (usually permanently)

Source: WordNet® 3.1

Etymology

Noun

acquirer (plural acquirers)

One who acquires.

A bank or financial institution that processes credit card or debit card payments on behalf of a merchant.

Source: Wiktionary

Ac*quir"er, n.

Definition: A person who acquires.

Source: Webster’s Unabridged Dictionary 1913 Edition

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