Acquiring bank

The financial institution in charge of processing the payments on behalf of a merchant. When a customer pays in your store with Google Pay, it transmits the customer data to the contactless payment terminal. In turn, the terminal forwards the data to the point of sale which ultimately sends it to the acquiring bank. 
Was this helpful?
How can we improve it?
Search
Clear search
Close search
Google apps
Main menu
Search Help Center
true
95664
false