"red de adquirencia"

English translation: credit/debit card payment network

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
Spanish term or phrase:"red de adquirencia"
English translation:credit/debit card payment network
Entered by: Cristina Zavala

11:46 Apr 23, 2021
Spanish to English translations [PRO]
Bus/Financial - Finance (general)
Spanish term or phrase: "red de adquirencia"
Esta alianza, con una empresa líder en tecnología y procesamiento de transacciones, le permitirá a la entidad bancaria contar con una red de adquirencia completa, segura y eficiente, además de soluciones de valor agregado, administración y prevención de fraude.
Wendy Gosselin
Argentina
Local time: 07:03
credit/debit card payment network
Explanation:
Los servicios de adquirencia bancaria consisten en que un Banco ofrezca a un comercio la instalación de terminales y/o dispositivos, para recibir pagos con tarjeta de crédito y/o débito de sus Clientes, a cambio de una tasa de descuento.
https://slideplayer.es/slide/4283996/
Selected response from:

Cristina Zavala
Ecuador
Local time: 05:03
Grading comment
Selected automatically based on peer agreement.
4 KudoZ points were awarded for this answer



Summary of answers provided
4 +2credit/debit card payment network
Cristina Zavala
4 +1acquiring network
Francois Boye
4processing network
liz askew
3procurement / sourcing network
Adrian MM.


Discussion entries: 2





  

Answers


19 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +2
credit/debit card payment network


Explanation:
Los servicios de adquirencia bancaria consisten en que un Banco ofrezca a un comercio la instalación de terminales y/o dispositivos, para recibir pagos con tarjeta de crédito y/o débito de sus Clientes, a cambio de una tasa de descuento.
https://slideplayer.es/slide/4283996/



    https://slideplayer.es/slide/4283996/
Cristina Zavala
Ecuador
Local time: 05:03
Works in field
Native speaker of: Native in SpanishSpanish
PRO pts in category: 16
Grading comment
Selected automatically based on peer agreement.

Peer comments on this answer (and responses from the answerer)
agree  philgoddard
3 hrs
  -> Thanks!

neutral  Francois Boye: payment network is more complex than credit card payment network. Take the example of a documentary credit. It needs a payment system, even though it has nothing to do with a credit card.
7 hrs

agree  Biz_84: I wonder whether 'payment network' is correct. After all, we no longer need a card to purchase items.
6 days
Login to enter a peer comment (or grade)

1 hr   confidence: Answerer confidence 4/5Answerer confidence 4/5
processing network


Explanation:

6-K 1 f6k062719_bancosantan.htm 6-K FORMhttps://www.sec.gov › edgar › data
Translate this page
27 Jun 2019 — Banco Santander hires Evertec as processor of its acquiring business ... the bank to have a thorough, secure and efficient acquisition network, ...

Empleo Head of Cyber Secure User Experience - PagoNxt ...https://neuvoo.es › view
PagoNxt (a Santander company) incorporates the most disruptive payment ... Our advanced global processing network, VisaNet, provides secure and reliable ...

--------------------------------------------------
Note added at 1 hr (2021-04-23 12:59:27 GMT)
--------------------------------------------------

Hi,

it could also be a

data acquisition network



Diseño de red de adquisición de datos para monitoreo de ...https://dspace.ups.edu.ec › handle
Translate this page
by DF Torres Muñoz · 2017 — Título : Diseño de red de adquisición de datos para monitoreo de pasajeros y servicios móviles en buses públicos para Emitelco Soluciones. Autor : Torres ...

liz askew
United Kingdom
Local time: 10:03
Native speaker of: Native in EnglishEnglish
PRO pts in category: 189
Login to enter a peer comment (or grade)

2 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +1
acquiring network


Explanation:
Global Acquiring Network

The global acquiring network refers to an international network of acquiring banks. Thanks to their global coverage, the PSP (payment service provider) can offer the best fitting bank for any type of business and ensure the most beneficial conditions to the merchant. The bigger acquiring network PSP offers, the better.

As we remember that acquiring bank processes the transactions on merchants’ behalf, it’s important to understand that a bank’s network is vital. To be more precise, its size and quality.

While most merchants work globally, they may face some difficulties. They need to find fitting payment gateway, correct banks for all the locations. A payment service provider that offers a global acquiring network can solve this problem.

There are a number of benefits for merchants. As the payment processor connects the merchant to the correct bank (from its acquiring network), the merchant can enjoy:

lower fees because the payment processor will connect the merchant to the proper local bank,
lower decline rate as the payment service provider connects the merchant to the bank that has experience in its business type payment processing.
That is why when the merchant searches for a payment service provider to open a merchant account, a global acquiring network should be a worthy signal. The cross-border network saves merchants from opening multiple merchant accounts with different processors to fit the local and international needs of the business.

--------------------------------------------------
Note added at 2 hrs (2021-04-23 14:33:00 GMT)
--------------------------------------------------

https://www.nasdaq.com/press-release/getnet-the-new-acquirin...

Francois Boye
United States
Local time: 06:03
Specializes in field
Native speaker of: Native in FrenchFrench
PRO pts in category: 335

Peer comments on this answer (and responses from the answerer)
agree  patinba: or acquisition network
24 mins
  -> Thanks!

neutral  philgoddard: This is correct, but I don't think readers of this newspaper article will know what it means. I worked for a credit-card company before I became a translator, and I haven't heard of it.
1 hr
  -> Technical expressions call for technical translations. Read my attachments tu understand the meaning of technical concepts.
Login to enter a peer comment (or grade)

1 day 23 hrs   confidence: Answerer confidence 3/5Answerer confidence 3/5
red de adquirencia
procurement / sourcing network


Explanation:
In my European banking day, albeit half a century ago, 'adquirencia' had been called procurement, thes days: sourcing and, more generally, 'canvassing' in a non-banking context.

I had been inclined to agree with FB's answer for US am. consumption.

Example sentence(s):
  • Strategic Sourcing in Banking - A Framework. ... Profession in the Global Networking Environment,

    Reference: http://sig.org/procurement-banking-adjusting-new-norm
Adrian MM.
Austria
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 139
Login to enter a peer comment (or grade)



Login or register (free and only takes a few minutes) to participate in this question.

You will also have access to many other tools and opportunities designed for those who have language-related jobs (or are passionate about them). Participation is free and the site has a strict confidentiality policy.

KudoZ™ translation help

The KudoZ network provides a framework for translators and others to assist each other with translations or explanations of terms and short phrases.


See also:
Term search
  • All of ProZ.com
  • Term search
  • Jobs
  • Forums
  • Multiple search