This is the bank that maintains a consumer's credit card account and will pay out to a merchant's account when the consumer makes a credit card purchase At the end of the month the issuing bank will bill the customer for the debt
Issues the credit to a credit card holder When sale authorization is requested, the merchant's bank, requests the funds to be transferred from the credit card company, which in turn receives the funds from the issuing bank
A mutual savings bank that sells and issues life insurance policies in its own name Each issuing bank issues its own contracts, keeps its own records, and invests the assets of its own insurance department See also agency bank and savings bank life insurance (SBLI)
This is the bank that issues the customer the credit card and funds your account when you make a charge to one of their accounts They will then bill their customers for the debit on their card
The bank that maintains the consumer's credit card account and must pay out to the merchant's account in a credit card purchase The issuing bank then bills the customer for the debt
the party that supports/provides for the actual credit card; i e a Visa given by Bank of America or a MasterCard given by Chase; American Express and Discover do not have separate issuing banks