Common use of Acquirer Clause in Contracts

Acquirer. “Acquirer” means a sponsoring financial institution or payment processor that enters into an agreement which enables merchants, government entities or their Agent(s) to submit Transactions to a payment network.

Appears in 7 contracts

Sources: Payment Processing Agreement, Payment Processing Agreement, Payment Processing Agreement

Acquirer. “Acquirer” means a sponsoring financial institution or payment processor that enters into an agreement which enables merchants, government entities merchants or their Agent(sagent(s) to submit Transactions to a payment networkPayment Network.

Appears in 1 contract

Sources: Merchant Services Agreement