Party in contractual relation with merchants and card schemes accepting payments, that acquires card payment from the merchant, forwards the transaction to the relevant card issuer, and makes payments to the merchant.
Data from ISO specification
This is the technical data from the specification document.
<businessRole
xmi:id="_SkKqsAEcEeCQm6a_G2yO_w_-1915473272"
name="Acquirer"
definition="Party in contractual relation with merchants and card schemes accepting payments, that acquires card payment from the merchant, forwards the transaction to the relevant card issuer, and makes payments to the merchant."
registrationStatus="Registered"
xmlns:xmi="http://www.omg.org/XMI" />