Acquiring Institution definition

Acquiring Institution means a financial institution or bank that provides services to you and PayPal to enable you to (a) accept payment by cardholders using cards: and (b) receive value in respect of Card Transactions.

Acquiring Institution means a per- son authorized by the operator of a credit card system to contract, directly or indirectly, with merchants or other persons to process transactions, includ- ing cash advances, involving the opera- tor’s credit card.

Acquiring Institution means the financial institution supplying You with the ability to accept credit cards for payments. The financial institution will charge You fees for providing these services.

Examples of Acquiring Institution in a sentence

• This letter is your formal Legal Notice that you have until [Date: eighteen months from the Closing Date], to claim or arrange to continue your account(s) with [Name of Acquiring Institution].

• It is only necessary for you to take any one of the following actions in order for your account(s) at [Name of Acquiring Institution] to be deemed claimed.

• There are several ways that you can claim your account(s) at [Name of Acquiring Institution].

• Based on the records recently supplied to us by [Name of Acquiring Institution], your account(s) currently fall into this category.

• According to federal law under 12 U.S.C., 1822(e), on [Date: eighteen months from the Closing Date], [Name of Acquiring Institution] must transfer the funds in your account(s) back to the FDIC if you have not claimed your account(s) with [Name of Acquiring Institution].

More Definitions of Acquiring Institution

Acquiring Institution means the institution which authorized by VISA International Organization for processing contract with Designated Stores and related payment of consuming by Cardholder to Designated Stores.

Acquiring Institution means aperson authorized by the operator of a credit card system to contract, directly or indirectly, with merchants or other persons to process transactions, including cash advances, involving the operator’s credit card.

Acquiring Institution means the holding bank or financial institution acquiring an institution licensed pursuant to this Act.

Acquiring Institution means a depository institution that provides a merchant

Acquiring Institution means credit institutions and branches of foreign banks which perform legal card-based payments through a network of Merchants and/or Cash Advance Points and/or ATMs.

Acquiring Institution or "Merchant Institution" means a bank, other financial institution, or other financial services company that establishes agreements with Merchants whereby Merchants agree to accept Visa, MasterCard, American Express or Discover branded magnetic-stripe plastic payment cards as payment for the credit consumer goods, wares, merchandise, prepaid payment cards, and services that they sell to consumers.

Acquiring Institution means an Electronic Money Institution (EMI), and any non-banking entity duly authorized by SBP to on-board merchants under these Rules