Issuing bank

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An issuing bank is a bank that offers card association branded payment cards directly to consumers.


The issuing bank assumes primary liability for the consumer's capacity to pay off debts they incur with their card.

In the case of credit cards, the issuing bank extends a line of credit to the consumer. Liability for non-payment is then shared by the issuing bank and the acquiring bank, according to rules established by the card association brand.


Worldwide, over 1.5 billion payment cards are in circulation[1] .[2]


  1. ^ Visa raises $17.9 billion in record IPO | Reuters
  2. ^ Visa's Big Deal