Payment Glossary

Acquirer

An acquirer is a bank that processes credit and debit card transactions for a merchant.

Related Terms

  • Auxiliary On-Us Field

    A field on the magnetic ink character recognition (MICR) line of a check or share draft. This is an optional field that can be found to the...

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  • DSO (Day Sales Outstanding)

    The total accounts receivables divided by average daily sales.

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