acquiring financial institution

listen to the pronunciation of acquiring financial institution
English - English
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
acquiring financial institutions
plural form of acquiring financial institution
acquiring financial institution

    Hyphenation

    ac·quir·ing fi·nan·cial in·sti·tu·tion

    Turkish pronunciation

    ıkwayrîng fınänşıl înstîtuşın

    Pronunciation

    /əˈkwīrəɴɢ fəˈnansʜəl ˌənstəˈto͞osʜən/ /əˈkwaɪrɪŋ fəˈnænʃəl ˌɪnstɪˈtuːʃən/
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