The Acquirer, also known as the acquiring or merchant bank, is the financial institution that establishes and manages data links and data exchange between the operator of a payment system and individual service providers. An acquirer may consolidate the individual transactions that it receives so that the system operator receives only collective certificates. Sometimes the payment processor and the acquirer are one and the same.

Related Products

Related Articles

HID Global Acquires DemoTeller

July 18th, 2019|

AUSTIN, Texas, July 18, 2016 -- HID Global®, a worldwide leader in secure identity solutions, today announced that it has acquired DemoTeller, a leading provider of instant issuance solutions for the financial market.  With this acquisition, HID Global is now able

Categories: Payment
« Back to Glossary Index