Glossary

Acquiring

Is the process by means of which payment for goods or services is accepted by the Acquirer.

How does Acquiring work?

In Point of Sale (POS) Transactions, the entity (Bank or Payment Institution) to which the Acceptor (usually a Merchant) transmits the information necessary in order to process the card payment. In Automated Teller Machine (ATM) Transactions, the entity, (Bank or Payment Institution) which makes Banknotes available to the Cardholder (whether directly or via the use of third-party providers).

 

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