Merchant Acquirer definition

Merchant Acquirer means any person that has entered into a Merchant Acquirer Agreement with you. Merchant Acquirer Agreement means any arrangement between you and another Merchant Acquirer for the acceptance and/or processing of Other Payment Products.

Merchant Acquirer means any Person that has entered into a Merchant Acquirer Agreement with you.

Merchant Acquirer means, for any applicable Covered Territory, an acquiring bank or financial institution authorised by one or more payment scheme owners to enable the use of a payment method by accepting transactions from merchants on behalf of the scheme owners, routing the transaction to the applicable scheme owner (or issuing bank, as applicable) and collecting and settling the resulting funds to the applicable merchant.

Examples of Merchant Acquirer in a sentence

• The Institution is responsible for adhering to all applicable card association rules and regulations with any Merchant Acquirer.

• There will be additional contractual terms and conditions between the Institution and Merchant Acquirer and its affiliated merchant bank.

• Without limiting any other obligations of the Contractor under this Contract, the Contractor shall be responsible in full for any penalties, fines, levies, audit fees, or other fees, remedies, or damages imposed by a Third Party, including by a Card Association, Card Processor, issuer of Payment Cards, Merchant Acquirer, or others in connection with Security Incident or other non-compliance with Privacy and Security Regulations.

• The Company may introduce to the Institution a preferred Merchant Acquirer for processing credit and debit card transactions.

• There are contractual terms and conditions between the Institution and this Merchant Acquirer, its affiliated merchant bank, and potentially with other desired card associations.

More Definitions of Merchant Acquirer

Merchant Acquirer means an organization affiliated with a bank licensed by card associations to enroll merchants and arrange for the necessary authorization and settlement of credit and debit card transactions.

Merchant Acquirer means an acquiring bank or its designated processor who forwards the transaction information to the respective credit card associations for authorization, clearing, and settlement. The acquiring bank must remain fully liable for payment to the licensee if the designated processor fails to settle with the licensee.

Merchant Acquirer means any entity or person approved by us who has agreed to accept payments for Transactions processed through ANZ eGate™ and whose authorisation is required to facilitate an Approved Payment Method.

Merchant Acquirer means any person that has entered into a Merchant Acquirer Agreement with you. Merchant Acquirer Agreement means any arrangement between you and another Merchant Acquirer for the acceptance and/or processing of Other Payment Products. Mobile Device means an electronic device recognised by American Express that is enabled to initiate a Digital Wallet Payment. This includes, but is not limited to, mobile telephones, tablet computers and wearable devices.

Merchant Acquirer means any person that has entered into a Merchant Acquirer Agreement with you. Payment Services Act means the Danish Act on Payment Services (Act no. 652 of 6 August 2017), which implements the Directive in Denmark and any replacement, amendment or revision thereof. Directive means Directive 2015/2366/EU of the European Parliament and of the Council of 25 November 2015 on the pol of payment services within the Single European Market and any replacement, amendment or revision thereof. You and your means the company, partnership, sole trader or other legal entity accepting Cards under this Agreement and its Affiliates conducting business in the same industry. Marks mean names, logos, domain names, service marks, trademarks, trade names, taglines, or other proprietary designations.

Merchant Acquirer means a financial institution notified to the Service Provider by TfL which provides the Merchant Acquirer Service pursuant to the TfL Merchant Acquirer Agreement or, where expressly agreed in writing by TfL, an agreement for such services between the Service Provider and that financial institution;

Merchant Acquirer means the entity responsible for capturing, storing and processing credit and debit card details in a secure environment to enable funds to be `deposited' and `withdrawn' from user accounts in relation the Content and/or providing Digital Subscribers with an alternative process to deposit and/or withdraw funds. For the avoidance of doubt, it is anticipated that Digital Subscribers will be given the option to deposit funds via interactive TV, the internet and via a call centre to be provided by TWM at its expense (or a third party to be appointed by TWM at its expense).