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English Dictionary - With Multi-Lingual Search
Your Query of 'acquiring financial institution' Resulted in 1 Matches
Displaying Items 1 through 1
Definitions
acquiring financial institution
noun
An acquiring financial institution (or "acquirer") 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. Abbreviated: AFI.
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