In the course of the credit card payment process, the bank with which the merchant holds an account and which credits the merchant's account. See also issuing bank.
An acquiring bank provides credit card merchant accounts. This bank establishes and maintains the merchant relationship. The acquiring bank is also responsible for submitting credit card purchase information to Visa and MasterCard.
The bank that provides an e-commerce business with its credit card processing account. This bank sends credit card and purchase information from e-commerce transactions to a credit card association (such as Visa and MasterCard), which forwards it to the issuing bank.