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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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