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Acquirer
An acquirer is a bank that processes credit and debit card transactions for a merchant.
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Authorizations (Card Processing)
All transactions must be authorized via terminal, cash register, voice authorization, or automated voice response phone system (IVR).
Related Terms
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Value Added Reseller (VAR)
A value added reseller is a company that sells products and / or services that are repackaged for specific needs.
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