| Term | Definition |
|---|---|
| Issuer |
The issuer or issuing bank is the organization that created a customer's credit card account. When a customer makes a purchase, the merchant's bank, also known as the acquirer, arranges a transfer of funds from the customer's account with the issuer to the merchant's account with the acquirer. Many banks serve as issuers for both Visa and Mastercard credit cards, and American Express and Discover often serve as the issuer for their own cards. Read more >>> |
