Who is the “Issuing Bank?”

The Issuing Bank is the financial institution that extends credit to a card holder through credit card accounts. The financial institution issues a credit card and bills the card holder for purchases against the bankcard account.

Here is wikipedia’s defenition for Issuing Bank .

Subscribe Like this post? Then subscribe by RSS | Email

Print This Post Print This Post  |  Email This Post Email This Post

Related Posts

Related Posts

Leave a Comments »

Trackback | RSS 2.0

1. Merchant Account Blog - Straight Pass Through - July 12, 2008

[...] these fees were created to cover the cost of processing for your customer’s bank (the “issuing bank ”), and to make small profit for the bank giving you your money (the “acquiring bank”)—hey, [...]

2. Merchant Account Blog - Straight Pass Through - July 12, 2008

[...] Biggest Chunk:  The Issuing Bank (the bank that “issued” your customer’s their credit card) This part of your fees are called [...]

3. Merchant Account Blog - Straight Pass Through - July 12, 2008

[...] is referred to as a merchant account.  Under the contract, the acquiring bank exchanges funds with issuing banks on behalf of the merchant, and pays the merchant for the net balance of their daily bankcard [...]

4. Merchant Account Blog - Straight Pass Through - July 16, 2008

[...] MasterCard or VISA asks the cardholder’s bank (issuing bank) if the funds are available.  If the funds are available, the transaction will be authorized and [...]

5. Merchant Account Blog - Straight Pass Through - July 16, 2008

[...] for your merchant account.)   They’re the fees paid to your customers’ banks.  These issuing banks are members of either Visa or MasterCard’s association, and issue cards with those logos on [...]

6. How Do Merchant Accounts Work? | Cocard Synergy Payment Solutions Blog - August 23, 2008

[...] MasterCard or VISA asks the cardholder’s bank (issuing bank) if the funds are available. If the funds are available, the transaction will be authorized and the [...]