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The definition :
Definitions of
acquirer
:
noun
:
the
financial
institution
that dispenses cash in
automated
teller
machines and collects a fee from the bank that issued the credit card
noun
:
a bank gaining
financial
control over another
financial
institution
through a
payment
in cash or an exchange of stock
noun
:
a person who acquires something (usually permanently)
noun
:
a credit card
processing
bank; merchants receive credit for credit card
receipts
less a
processing
fee
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