Acquiring Bank/Merchant Bank
An acquiring bank or merchant bank is the bank or financial institution that processes credit and/or debit card payments for products or services for a merchant, after using a credit card machine or online card processing.
A merchant has an account with this bank (called a merchant account) and each day deposits the value of the day’s credit card or debit sales. Acquirers obtain the merchant’s sales slips and credit the tickets value to the merchant’s account.
Payment Processing Services by NOIRE
NOIRE provides industry leading online payment processing services & risk management technologies. Designed using NOIRE, “Simply Switch On”, approach to payment processing, our payment solutions are built using the latest payment processing technology enabling businesses to “Plug In” and “Switch On” payment modules with ease if and when required.
As a leading Payment Service Provider, you can trust NOIRE to find the right solution for your business. We provide everything in one simple agreement – your Internet Merchant Account, Payment Gateway and Payment Processing with all the leading cards issuers. Combined with NOIRE’s industry leading fraud & risk management solutions, merchants can be confident managing their payments safely and securely from beginning to end with NOIRE.
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If you want to learn more about Noire our team is here to help.