Issuing Bank Definition

By Phillip Parker

Last Updated: October 14, 2011

Merchant Account Issuing Bank Explained:

What is an Issuing Bank? In the credit card processing industry, the term “Issuing Bank” is used to refer to the bank that manages the customer’s credit or debit card account. For example, the Issuing Bank of a Citi Visa credit card is Citibank, and Wells Fargo is the issuing bank of its debit cards. Not all examples of Issuing Banks are as obvious because banks often partner with other organizations to market alternatively branded credit cards. Airline reward credit cards are some of the most popular examples in which the card is branded by an airline but issued and managed through a partner bank (aka: Issuing Bank).

Issuing Bank Video Explanation

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About The Author

Phillip Parker

Phillip Parker is an independent card payment expert specializing U.S. and Canadian point-of-sale, e-commerce, and mobile payment acceptance. He has nearly two decades of experience in credit card processing as a journalist and consultant. Phillip is the creator of this website and has written over 1,500 articles covering numerous payment acceptance topics. He has also published critical reviews about most merchant services providers currently in operation.

Expert Guidance

Phillip has consulted businesses of all sizes from mom-and-pop shops processing $10K per month to enterprise level organizations processing in excess of $300MM annually. His specialties include:

– Merchant Account Statement Auditing
– Rate & Fee Negotiation
– Processor & POS Selection
– Software Integrations
– Risk Assessment
– Fraud Prevention
– General Processing Advice

Schedule a Consultation Here

Phillip’s Top Picks

Phillip has researched and reviewed over 1,000 merchant services providers over the last 15 years. He also owns multiple businesses that accept credit card payments. If you are looking for an ethical credit card processor that doesn’t hide fees or lock you into expensive contracts, see Phillip’s merchant account picks here.

In The Media

In addition his contributions on CPO, Phillip has also been quoted in several major publications such as The Los Angeles Times, INC Magazine, Miami Herald, Computer World, and numerous others. If you would like to interview Phillip for your story or podcast, please reach out here.

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