Acquirer

An acquirer is a bank that processes credit and debit card transactions for a merchant.

Related Terms

  • OTS (Office of Thrift Supervision)

    The Office of Thrift Supervision, between 1989 and 2011, was a federal agency that regulated all savings banks (chartered and state-chartered), savings associations, and loans associations.

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  • RCK (Re-presented Check)

    An additional presentment of an eligible returned paper check through the ACH network.

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