Acquiring definition

Acquiring is defined in the Recitals to this Agreement.
Acquiring means the capture and onward transmission of Card Network transactions in order to effect payment between Card Network cardholders and Merchants, including authorizing transactions, providing for clearing and settlement, facilitating the crediting of merchants’ accounts with the proceeds of such transactions, and chargeback and retrieval processing in connection with the foregoing. Acquiring also includes providing all or some of the foregoing services as an agent or licensee for other card programs.
Acquiring means a payment service of enabling the making of payment transactions by means of a Customer’s payment instrument, originated through the agency of an Intermediary Institution, consisting in particular in the handling of the authorization process, transmission of payment orders to the Intermediary Institution and the topping up of the Customer’s electronic wallet.

Examples of Acquiring in a sentence

  • In the event the certification set forth above is not completed, the Corporation will deem the Beneficial Owner of the Rights evidenced by this Rights Certificate to be an Acquiring Person (as defined in the Rights Agreement) and, accordingly, such Rights shall be null and void and not transferable or exercisable.

  • These are your direct agreements with the Acquiring Institutions, PayPal’s banking partners, who enable you to receive card payments and card-funded PayPal payments.

  • All intellectual property rights associated with these materials remain the property of PayPal or the relevant Acquiring Institution (as the case may be).

  • You will receive a copy of the audit report, and PayPal must also receive a copy and provide a copy to any Acquiring Institution or Card Association that requests a copy.

  • In such instances a predefined Transaction limit you establish in your sole discretion can be configured so that charges above this limit are automatically rejected and charges below this limit are automatically accepted without approval of the Merchant Acquiring Bank.

More Definitions of Acquiring

Acquiring means hiring, accepting as a gift and borrowing; “ammunition” means—
Acquiring used as verbs shall have correlative meanings.
Acquiring means hiring, accepting as a gift and borrowing, and the expressions "acquire" and "acquisition" shall be construed accordingly;
Acquiring means the capture of Transactions and the routing of Transactions for Authorisation, Clearing and Settlement of funds in accordance with the Card Scheme Rules (and “Acquirer” shall be construed accordingly);
Acquiring shall exclude acquisition, acquire, or acquiring by way of an allotment or issue of Units.
Acquiring and “Acquired” have meanings correlative thereto.
Acquiring beneficial ownership" (as such term is used in Rule 13d-3 under the Act), directly or indirectly, of securities of the Bank representing fifty percent (50%) or more of the combined voting power of the Bank's then outstanding voting securities (the "Voting Power"), but excluding for this purpose an acquisition by the Bank or an "affiliate" (as defined in Rule 12b-2 under the Act) or by an employee benefit plan of the Bank or of an affiliate.