Issuing Bank
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Issuing Bank
A bank that provides consumers with payment cards like credit, debit, contactless devices, and prepaid cards branded by card associations. These institutions play a pivotal role in the credit card transaction process, authorizing and guaranteeing payment to merchants.
Additionally, issuing banks are responsible for the customer’s creditworthiness evaluation and card issuance, contributing significantly to the financial ecosystem by facilitating secure and efficient transactions.