acquiring financial institution

noun

An institution that contracts with the bank and the merchant to enable credit card transactions. The acquirer deposits the credit card totals and debits the end-of-month processing fees from the merchants' accounts.

Similar
acquirerAFI
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Meanings

nounacquiring financial institution (plural acquiring financial institutions)

plural acquiring financial institutions

  1. businessAn institution that contracts with the bank and the merchant to enable credit card transactions. The acquirer deposits the credit card totals and debits the end-of-month processing fees from the merchants' accounts.

    Synonyms: acquirer, AFI

Synonyms & antonyms

nounAn institution that contracts with the bank and the merchant to enable credit card transactions. The acquirer deposits the credit card totals and debits the end-of-month processing fees from the merchants' accounts.

Similar
acquirerAFI
Cite this entry
APA

acquiring financial institution. (n.d.). In WatkinsX Dictionary. Retrieved November 5, 2026, from https://dictionary.watkinsx.com/word/acquiring%20financial%20institution

MLA

“acquiring financial institution.” WatkinsX Dictionary, https://dictionary.watkinsx.com/word/acquiring%20financial%20institution. Accessed November 5, 2026.

Chicago

WatkinsX Dictionary, s.v. “acquiring financial institution,” accessed November 5, 2026, https://dictionary.watkinsx.com/word/acquiring%20financial%20institution.

Source: acquiring financial institution on Wiktionary, CC BY-SA 4.0.