Acquirer — 1. The firm which is purchasing a company in an acquisition. The acquirer is also known as a bidder. 2. A financial institution or merchant bank (a merchant acquirer) which is contacted to authorize a credit card or debit purchase. The acquirer… … Investment dictionary
Acquirer — An acquirer (or acquiring bank) is a member of a card scheme(s), for example MasterCard and/or Visa, which maintains merchant relationships and receives all bankcard transactions from the merchant.Acquirers charge the merchants fees which include … Wikipedia
merchant bank — noun a credit card processing bank; merchants receive credit for credit card receipts less a processing fee • Syn: ↑acquirer • Derivationally related forms: ↑acquire (for: ↑acquirer) • Hypernyms: ↑depo … Useful english dictionary
acquirer — noun 1. a person who acquires something (usually permanently) • Derivationally related forms: ↑acquire • Hypernyms: ↑person, ↑individual, ↑someone, ↑somebody, ↑mortal, ↑soul … Useful english dictionary
BA Merchant Services — BA Merchant Services, LLC Formerly National Processing Company (NPC) Type Subsidiary of Bank of America Industry Credit Card Services Founded Purchase of National Processing Company by Bank of America from National City Corp. Headquarters … Wikipedia
Derived unique key per transaction — In cryptography, Derived Unique Key Per Transaction (DUKPT) is a key management scheme in which for every transaction, a unique key is used which is derived from a fixed key. Therefore, if a derived key is compromised, future and past transaction … Wikipedia
Electronic funds transfer — or EFT refers to the computer based systems used to perform financial transactions electronically.The term is used for a number of different concepts: * Cardholder initiated transactions, where a cardholder makes use of a payment card * Direct… … Wikipedia
Chase Paymentech — Type Public Industry Merchant services Founded 1985 Headquarters Dallas, Texas Products Payment Processing Services … Wikipedia
Barclaycard — is a global credit provider ( credit cards and loans ) owned by Barclays plc in the UK. The Barclaycard was the first credit card introduced in the UK, coming into service in 1966. It enjoyed a monopoly until the introduction of the Access card… … Wikipedia
Discover Card — Discover Financial Services Industry Financial services Founded 1985 Founder(s) Sears Area served United States (primary) … Wikipedia
Discover Financial — Services Type Public Traded as NYSE: DFS S P 500 Component In … Wikipedia