Is an acquirer always a bank?
An acquirer is a bank that serves merchants. It is licensed to provide merchant accounts to qualified businesses, enabling those businesses to process payment card transactions. An issuer is the cardholder's bank. It issues payment cards to authorized consumers.Nov 28, 2023
An acquirer is a bank that serves merchants. It is licensed to provide merchant accounts to qualified businesses, enabling those businesses to process payment card transactions. An issuer is the cardholder's bank. It issues payment cards to authorized consumers.Nov 28, 2023
