The bank which recruits shops and other service providers to accept payment cards. Acquirers process a merchant's transactions and pass them into the clearing system to allow financial settlement. Found on http://www.chipandpin.co.uk/info/glossary.html
[n] - a person who acquires something (usually permanently) 2. [n] - a bank gaining financial control over another financial institution through a payment in cash or an exchange of stock 3. [n] - the financial institution that dispenses cash in automated teller machines and collects a fee from the bank that issued the credit card Found on http://www.webdictionary.co.uk/definition.php?query=acquirer
noun a corporation gaining financial control over another corporation or financial institution through a payment in cash or an exchange of stock Found on https://www.encyclo.co.uk/local/20974