acquiring financial institutions

A form of acquiring financial institution — 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.

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Meanings

noun
  1. pluralplural of acquiring financial institution
Cite this entry
APA

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

MLA

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

Chicago

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

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