Acceptance

This term has two meanings. 1) In the field of transfer systems, it refers to the inclusion of a transfer order for funds or securities in a system's operations for further processing, potentially following various checks (e.g. regarding technical standards or the availability of funds), as specified in the rules of the system. 2) In the field of cards, it refers to the process whereby a particular brand of card is accepted by a terminal, merchant or other entity. (European Central Bank)

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