Acquirer Bank definition

Acquirer Bank means a member of a payment card network which contracts with a merchant for the settlement of electronic payment transactions. An acquirer bank may contract directly with merchants or indirectly through a processor to process electronic payment transactions.
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Acquirer Bank means BBCN Bank, a California state-chartered bank and a wholly owned subsidiary of Acquirer.
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Acquirer Bank means the Successful Bidder post this RFP process.
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Examples of Acquirer Bank in a sentence

  • The FASTag transaction must be clubbed and sent to respective Acquirer Bank within the SLA as defined the Interface Control Document and also support advanced analytics, automation, and optimization use cases, through large data lakes.

  • During preparation of the technical proposal, the bidders shall make their own assessment of staff to undertake the assignment.Right to Amend Project ScopeIHMCL reserves the right to include new fee plazas in the scope of Acquirer Bank which shall be made operational by NHAI during the Project duration.

  • The processing methodology of MSI with LSI and concerned Acquirer Bank should be API based.

  • IHMCL, in its sole discretion, may review the SLAs on yearly basis and may amend the same in consultation with Acquirer Bank and other participants of NETC.

  • However, it shall be agreed and acknowledged by the Acquirer Bank that intellectual property rights in the Proprietary Information as well as any other data or information/ reports generated during the performance of services as set out in this RFP by the Acquirer Bank shall always vest with IHMCL and Acquirer Bank will not have any right in such IPR whatsoever.

  • I/We undertake that we are certified Acquirer Bank under NETC program and the certification is valid as on the bid due date.

  • Acquirer Bank shall ensure to settle the amount for all rejected transactions where the liability of rejection lies with them in T+1 day.

  • Notwithstanding anything stated herein above, the liability for Acquirer Bank shall NOT exceed ten times the value of Performance Bank Guarantee amount.

  • Acquirer Bank may provide responses in their clarification along with supporting evidences within T + 5 calendar days.

  • In case of repetitive defaults from the Acquirer Bank (three or more instances of total default charges hitting the monthly cap in a continuous period of 12 months), IHMCL reserves the right to take appropriate steps as deemed fit, which may include termination of the Agreement and /or debarring the defaulting bank from the NETC Programme.


More Definitions of Acquirer Bank

Acquirer Bank means PNC Bank, National Association, a national banking association.
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Acquirer Bank means PNC Bank, National Association, a national banking association. “Acquirer Capitalization Date” has the meaning set forth in Section 5.3.
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Acquirer Bank means Bank of Hope, a California state-chartered bank and a wholly owned subsidiary of Acquirer.
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Related to Acquirer Bank

  • Acquirer means a business organization, financial institution, or an agent of a business organization or financial institution that has authority from an organization that operates or licenses a credit card system to authorize merchants to accept, transmit, or process payment by credit card through the credit card system for money, goods or services, or anything else of value.

  • CBC means the Collective Bargaining Committee

  • Eye bank means a person that is licensed, accredited, or regulated under federal or state law to engage in the recovery, screening, testing, processing, storage, or distribution of human eyes or portions of human eyes.

  • SBI means State Bank of India (Client) having its Corporate Centre at Madame Cama Road, Nariman Point, Mumbai- 400 021 and its representative Local Head Offices/Administrative Offices/Regional Business Offices/Branches at various places across India and includes the client’s representatives, successors and assigns.

  • SoftBank means SoftBank Group Corp., a Japanese kabushiki kaisha.

  • Parent Company means, with respect to a Lender, the bank holding company (as defined in Federal Reserve Board Regulation Y), if any, of such Lender, and/or any Person owning, beneficially or of record, directly or indirectly, a majority of the shares of such Lender.

  • Parent means a “parent corporation,” whether now or hereafter existing, as defined in Section 424(e) of the Code.

  • TD means The Toronto-Dominion Bank.

  • SSE means the Shanghai Stock Exchange.

  • Acquiring Company means a person who obtains Control of the Company;

  • HCBS means home- and community-based services.

  • Acquiror has the meaning specified in the Preamble hereto.