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Acquirer

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Definitions Edit

Electronic money Edit

The acquirer is

the entity or entities that hold deposit accounts for card acceptors (merchants) and to which the card acceptor transmits the data relating to the transaction. The acquirer is responsible for the collection of transaction information and settlement with the acceptors.[1].

General Edit

An acquirer is a "[s]takeholder that acquires or procures a product or service."[2]

References Edit

  1. Report on Electronic Money, Annex 1, Glossary, at 37.
  2. Cybersecurity Procurement Language for Energy Delivery Systems, at 6.

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