Acquirer: Difference between revisions
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imported>Doug Williamson (Add definition. Source: Linked pages) |
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1. '' | 1. ''Cash management - card payment schemes.'' | ||
A financial institution - often a subsidiary of a bank - that ‘buys’ credit card transactions, with recourse, from a retailer. | A financial institution - often a subsidiary of a bank - that ‘buys’ credit card transactions, with recourse, from a retailer. | ||
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* [[Business]] | * [[Business]] | ||
* [[Card scheme]] | * [[Card scheme]] | ||
* [[Cash management]] | |||
* [[Corporate finance]] | * [[Corporate finance]] | ||
* [[Credit card]] | * [[Credit card]] | ||
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* [[Merchant]] | * [[Merchant]] | ||
* [[Payment service provider]] | * [[Payment service provider]] | ||
* [[PayPal USD]] (PYUSD) | |||
* [[PSD2]] | * [[PSD2]] | ||
* [[Recourse]] | * [[Recourse]] | ||
* [[Strong Customer Authentication]] | * [[Strong Customer Authentication]] | ||
* [[USD Coin]] (USDC) | |||
[[Category:Financial_products_and_markets]] | |||
[[Category:The_business_context]] | [[Category:The_business_context]] | ||
Latest revision as of 12:43, 24 July 2024
1. Cash management - card payment schemes.
A financial institution - often a subsidiary of a bank - that ‘buys’ credit card transactions, with recourse, from a retailer.
The acquirer will present the transactions to the card issuer for payment and will then pay the retailer the amount of the card transactions less a discount - which covers their own and the card issuer’s fee for handling the transaction.
This is how retailers get paid, and are facilitated to accept card transactions.
2. Corporate finance.
A business or other entity that gains control of another business, or of assets.
