An acquiring bank (also known simply as an acquirer) is a bank or financial institution that processes credit or debit card payments on behalf of a merchant.
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Examples for "acquiring "
Examples for "acquiring "
1 It plans to use the funds for projects and acquiring new businesses.
2 Distribution companies, meanwhile, see acquiring content as a way to diversify revenue.
3 Authorities also said they were acquiring more medical equipment, including 700 ventilators.
4 Marfrig has a stronger U.S. presence after acquiring National Beef last year.
5 The idea of acquiring The Pirate Bay is apparently still alive, however.
1 The changes allow the acquiring bank to recognize an immediate benefit from the write-downs, rather than recognizing them over multiple years.
2 When the FDIC coordinates the sale of such banks, it often agrees to limit the losses that the acquiring bank may face on troubled assets.
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