payment settlement entity
Defined in 1 place of the United States Code.
The term “payment settlement entity” means—
(A) in the case of a payment card transaction, the merchant acquiring entity, and
(B) in the case of a third party network transaction, the third party settlement organization.
Source
- 2008–present26 U.S.C. § 6050WInternal Revenue Code · Returns relating to payments made in settlement of payment card and third party network transactions · for purposes of this section