Assertion: merchant | /r/CapableOf | acquire bank
Facets:
value: through the network processor
type: MANNER
Source sentences:
text: Merchant accounts require a business to partner with a merchant acquiring bank who facilitates all communications in an electronic payment transaction.
text: A merchant must establish a merchant account with a merchant acquiring bank if they plan to offer electronic payment options for their goods or services.
text: The merchant acquiring bank then contacts the branded card processor who contacts the card issuer.
text: Once authenticated the approval is sent to the merchant acquiring bank through the network processor.
text: If approved, the merchant acquiring bank authorizes the transaction and begins settlement of the funds in the merchant’s account.
text: A merchant account is established under an agreement between an acceptor and a merchant acquiring bank for the settlement of payment card transactions.
text: Merchant acquiring banks play a key role in the electronic payment process and are essential for efficient processing and settlement of payment transactions.
text: Merchant acquiring banks and businesses establish merchant accounts through a detailed merchant account agreement that outlines all of the terms involved with the relationship.
text: These merchant acquiring banks have a key role in the electronic payment process, and without them it would be impossible to efficiently process and settle electronic transactions.