Acquiring Bank Definition: 191 Samples

Acquiring Bank definition

Acquiring BankÌýmeans the bank or financial institution that processes payments for You;

In such instances a predefined Transaction limit you establish in your sole discretion can be configured so that charges above this limit are automatically rejected and charges below this limit are automatically accepted without approval of the Merchant Acquiring Bank.
NCR Voyix reserves the right to charge you an additional development fee to cover costs in the event that the Merchant Acquiring Bank requires NCR Voyix or its third-party suppliers to complete an accreditation procedure with respect to the EMV PSP Service or the Terminal.
Subject to the Merchant Acquiring Bank allowing deferred authorizations, the EMV PSP Service is configured to accept Cards when communication with the Merchant Acquiring Bank is unavailable (â€œDeferred Authorizationâ€� mode).
Subject to the Merchant Acquiring Bank allowing deferred authorizations, the EMV PSP Service is configured to accept Cards when communication with the Merchant Acquiring Bank is unavailable (Dâ€œeferred Authorizationâ€mode).
The Merchant agrees that, for the period defined by the Acquiring Bank and/or any relevant Card Association rules after any termination of this Agreement, The Merchant shall be totally responsible for any and all chargebackâ€™s and adjustments resulting from transactions processed pursuant to this Agreement.

Acquiring BankÌýmeans a bank or financial institution that accepts credit and/or debit payments (including credit cards, debit cards, stored value cards and pre-paid cards) for products or services on behalf of a merchant, including processing and crediting those payments to a merchant.

Acquiring BankÌýmeans each of the financial institutions PayPal partners with to process your Card payments, including your Direct Payments and VT Payments, and each of your Card funded PayPal Checkout payments, and with whom you entered into a Commercial Entity Agreement.

Acquiring BankÌýmeans the entity that initiates and maintains relationships with Merchants for the acceptance of a Credit Card.

Acquiring BankÌýmeans a Person authorized by a General Purpose Card Network to enter into agreements with Merchants to accept that Networkâ€™s General Purpose Cards as payment for goods or services.

Acquiring BankÌýmeans a participating bank that is appointed by a Seller to facilitate the Sellerâ€™s collection of online payments via FPX. The Acquiring Bank validates the crediting request received from FPX system and credits payments to the Sellerâ€™s bank account

Acquiring BankÌýmeans various banks and financial institutions licensed under the Payment and Settlement Systems Act, 2007 to acquire, authorize and authenticate the online payment transactions.

Acquiring BankÌýmeans a financial institution that accepts or acquires payment transactions from a card issued by itself or another financial institution.