Multiple choice technology mainframe

What is Acquirer?

  1. One who issues the POS machines to the merchant

  2. One who buys and owns the credit card

  3. One who has approving authority for credit card

  4. One who is being charged the fees of credit card
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

The acquirer is the bank or financial institution that provides POS terminals to merchants and processes their card transactions. They acquire card transactions from merchants and route them through the network to the issuer. Option B describes the cardholder, C is vague, and D is unrelated to acquiring.

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