Increases in mobile payment use, cryptocurrency, and many other factors have changed the function of issuing in the payments industry. Thanks to an industry that continues to move farther away from physical prepaid and credit cards, issuing is move full-speed into the acquiring arena. Issuing vs. Acquiring Issuing and acquiring banks are the underwriters in the payments landscape and part...
Merchant customers are more satisfied when they work with acquiring banks, then they do with fintechs or non-bank processors, according to the J.D. Power 2019 U.S. Merchant Services Satisfaction Study. About the Study J.D. Power, the research firm that is known for its studies of consumer satisfaction with customers, did an online study looking at 3,500 small businesses nationwide in...
An acquirer or acquiring bank has a few meanings. Sometimes, an acquirer is a business or corporation that takes over another’s ownership through a purchase or another type of action. More frequently, acquirers are banks that obtain the rights to a business’ merchant account, so that the financial institution can manage the company’s bank account. In the payments industry, an...
