What is an Acquiring Processor?

The processor provides credit card processing, billing, reporting, settlement, and operational services to the Acquiring and Issuing Banks. Many Financial Institutions don’t do their own bankcard processing because it’s more cost-effective to let someone like First Data Corporation (FDC) invest in the equipment and people to do it for them.

Electronic Merchant Systems Payment Processing Glossary :

Defining key payment processing and merchant services industry terms to help business owners make better decisions.




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