The core service that an acquiring bank provides to its merchant is being able to accept card transactions through a terminal, and provide an authorisation for that transaction.
The UK card payments industry, in conjunction with the card schemes, has developed a range of acceptance products and services that can be tailored to provide bespoke product packages depending on the industry a merchant is operating in and their business aspirations for the future.
The next section sets out the different types of terminal a merchant can source and the range of additional services an acquiring bank could provide over and above a standard authorisation.
