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 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.
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.
Examples of Acquiring Institution in a sentence
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.
More Definitions of Acquiring Institution
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 a financial institution or bank that provides services to you to enable you to (a) accept payment by cardholders using cards; and (b) receive value in respect of Card Transactions. Card Association: Acompanyor consortium of financial institutions which promulgates rules to govern Card Transactions that involve the card that carries the company’s or the consortium’s brand. Examples include Visa USA, Visa Europe, and the other Visa regions; MasterCard International Incorporated; American Express Companyand similar organizations. Card Data: All personal or financial information relevant to a Card Transaction, including information recorded on the card itself (whether in human-readable form or digitally). Card Transaction: Apayment made using a credit or debit card or anyother payment method using a physical data-carrying item intended to be held in the payer’s possession. The Products support onlycertain types of Card Transactions; see the PayPal Website for more information. CVV2 Data: The three-digit number printed to the right of the card number in the signature panel area on the back of the card. (For American Express cards, the code is a four-digit unembossed number printed above the card number on the front of the American Express card.) The CVV2 Data are uniquelyassociated with each individual plastic card and ties the card account number to the plastic. Direct Payments API: Functionalityfor performing credit and debit card transactions, where the card details are entered online bythe cardholder. eTerminal: Functionalityprovided by PayPal to enable you to receive a card payment bymanuallyentering Card Data given you bythe cardholder.
Acquiring Institution means an Electronic Money Institution (EMI), and any non-banking entity duly authorized by SBP to on-board merchants under these Rules
Acquiring Institution means a financial institution or bank that provides services to you to enable you to
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 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.