Difference between Acquiring and Issuing Bank

Acquiring Bank
An acquiring bank (sometimes referred to as “acquirer” or “credit card bank”) is an institution that has the Cards Schemes authorization to process a transaction so by signing a contract with the acquirer, a merchant can process credit and debit card transactions.
Acquirer’s Role
You can think of an Acquirer as a go-between for all debit and credit card transactions. Acquirers manage communication between credit associations and businesses.
As a key player in the payment process, an acquiring bank also ensures transaction security. On your behalf, it will handle the transaction process using the most up-to-date security systems and constantly evolving technology

[@sumantkumar4938]

Itna to google pe mil jayga... Aap kya extra bta rhe ho??

[@y.c.breddy3153]

If I was received visa debit or credit card from standard Bank in this scenario who is issuer and who is acquirer I am thinking standard chartered bank is issuer and visa company is acquirer is it right

[@Babajiroasting]

Visa is network not acquirer