acquirer meaning and definition

ACQUIRER noun

Definition of acquirer (noun)

1. a person who acquires something (usually permanently)
2. a corporation gaining financial control over another corporation or financial institution through a payment in cash or an exchange of stock
3. the financial institution that dispenses cash in automated teller machines and collects a fee from the bank that issued the credit card
4. a credit card processing bank; merchants receive credit for credit card receipts less a processing fee
   • synonyms: merchant bank