Merchant acquiring is most frequently thought of in the context of credit and debit card use in a retail purchase transaction. There are several stages in the transaction involving cardholders and banks on one side, merchants and their banks on the other, plus a payment network that coordinates the flow of information and money throughout each transaction.
The acquiring bank, which is also known as the “merchant bank” or the “acquirer,” is the financial institution that maintains the merchant’s bank account and enables merchants to process credit and debit card transactions. This bank passes the merchant’s transactions along to the applicable issuing banks to receive payment. These issuing banks are the financial institutions or credit card companies that issue credit cards to consumers on behalf of the card networks, such as Visa and MasterCard.
In this field of payment transactions, our expert witnesses have experience with merchant card acquiring management, regulations, and operations of merchant acquiring programs. These experts consult in areas such as merchant acquiring program operational performance and improvement.
ForensisGroup provides professionals such as banking operations managers, regulators, and other highly qualified professionals with merchant acquiring experts. We offer our clients banking and financial expert witnesses who are at the top of the field. We have an intense selection process that is unmatched in the industry. ForensisGroup continuously evaluates all of our experts to ensure consistently excellent service. Contact our office today or Submit An Expert Request Form for the right merchant acquiring expert for your case.