Card Issuing
Card issuing is the process by which a financial institution or other authorized entity provides a credit, debit or prepaid card to a consumer.
Frequently Asked Questions
A card issuer is the financial institution or entity that provides the card. They are responsible for a variety of related services and obligations, including approving or declining transactions, servicing cardholder accounts, adhering to financial regulations and assuming financial risk.
Several types of cards may be issued. Debit cards are linked to a bank account, allowing users to spend the funds available in their account. Credit cards allow users to borrow money to make purchases or obtain cash advances. Prepaid cards require funds to be loaded onto the card before use.
The issuer provides the card, holds the account and serves as the main point of contact for the cardholder. The card network (such as Visa or Mastercard) provides the infrastructure that connects issuing and acquiring banks, allowing card transactions between issuers and merchants to be processed.
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