Bank of America (acquirer)

Bank of America, in the context of acquiring, refers to its role as a financial institution that processes card transactions on behalf of merchants. When you use a credit or debit card at a store, Bank of America acts as the "acquirer" by handling the payment request, communicating with the card networks, and ensuring the merchant receives the funds. Essentially, Bank of America provides merchants with the ability to accept card payments securely and efficiently, facilitating the transfer of funds from the customer's bank to the merchant’s account.