acquiring financial institution

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acquiring financial institution

noun acquiring financial institutions

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: acquirer, AFI

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MLA

"acquiring financial institution." Wiktionary, via Micwyn, micwyn.com/word/acquiring%20financial%20institution. Accessed 6 Nov. 2026.

APA

acquiring financial institution. (n.d.). In Wiktionary, via Micwyn. Retrieved November 6, 2026, from https://micwyn.com/word/acquiring%20financial%20institution

Chicago

"acquiring financial institution." Wiktionary, via Micwyn. Accessed November 6, 2026. https://micwyn.com/word/acquiring%20financial%20institution.

BibTeX

@misc{acquiring_financial_institution_2026,
  title = {acquiring financial institution},
  howpublished = {Wiktionary, via Micwyn},
  year = {2026},
  url = {https://micwyn.com/word/acquiring%20financial%20institution},
  urldate = {2026-11-06}
}