acquiring financial institution
- acquiring financial institution
-
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.
Wikipedia foundation.
Look at other dictionaries:
Acquiring bank — An acquiring bank (or acquirer) is the bank or financial institution that accepts credit and or debit card payments for products or services on behalf of a merchant. The term acquirer indicates that the bank accepts or acquires transactions… … Wikipedia
Countrywide Financial — Infobox Company company name = Countrywide Financial Corp. company type = Subsidiary of Bank of America foundation = 1969 location = Calabasas, CA, USA revenue = profit$6,061,437,000 USD (2007) operating income = loss$1,310,274,000 USD (2007) net … Wikipedia
Mahindra & Mahindra Financial Services Limited — महिन्द्रा एंड महिन्द्रा फायनांशियल सर्विसेस लिमिटेड Type Public Traded as NSE: … Wikipedia
Samba Financial Group — Infobox Company company name = Samba Financial Group company company type = Public company slogan = World Class Banking foundation = 1980 location = Riyadh, Saudi Arabia key people = Saud Abdulaziz Algosaibi, Chairman Eisa M. Al Eisa Managing… … Wikipedia
Economic Affairs — ▪ 2006 Introduction In 2005 rising U.S. deficits, tight monetary policies, and higher oil prices triggered by hurricane damage in the Gulf of Mexico were moderating influences on the world economy and on U.S. stock markets, but some other… … Universalium
Credit card — Personal finance Credit and debt Pawnbroker Student loan Employment contract Salary Wage Empl … Wikipedia
ECONOMIC AFFAIRS — THE PRE MANDATE (LATE OTTOMAN) PERIOD Geography and Borders In September 1923 a new political entity was formally recognized by the international community. Palestine, or Ereẓ Israel as Jews have continued to refer to it for 2,000 years,… … Encyclopedia of Judaism
Germany — /jerr meuh nee/, n. a republic in central Europe: after World War II divided into four zones, British, French, U.S., and Soviet, and in 1949 into East Germany and West Germany; East and West Germany were reunited in 1990. 84,068,216; 137,852 sq.… … Universalium
bank — bank1 /bangk/, n. 1. a long pile or heap; mass: a bank of earth; a bank of clouds. 2. a slope or acclivity. 3. Physical Geog. the slope immediately bordering a stream course along which the water normally runs. 4. a broad elevation of the sea… … Universalium
History of Wells Fargo — This article outlines the History of Wells Fargo Company from its origins to its merger with Norwest and beyond. The new company chose to retain the name of Wells Fargo and so this article also includes the history after the merger. : For a… … Wikipedia