!!! Overview
[{$pagename}] is a [Account Servicing Payment Service Provider] ([PSD2]) and is the [bank] that issued the [Payment Card] and owns the [PAN]

!! [{$pagename}] Responsibilities[1]
The [{$pagename}]’s roles and responsibilities are as follows:
* Recruit [Cardholders] and enter into contract with them to provide [bankcards|Credit Card|Payment Card] for making purchases and/or withdrawing cash.
* Extend credit to and/or manage [Cardholder] accounts (funds on deposit or credit limit etc.).
* Bill the [Cardholder] – preparing and delivering [Cardholder] statements.
* Pay the [Acquirer] for payments made to [Merchants] on behalf of the [{$pagename}]’s cardholders – directly or via a [Payment Network].
* Finance the purchase transactions as [Acquirer] is paid immediately or within a few days whereas, in the case of credit and charge cards, funds are received from the [Cardholder] at a later date.
* Receive [Interchange Fee] from the [Acquirer] for transactions made by [{$pagename}]’s [Cardholders] at the [Acquirer]’s [Merchants].

[{$pagename}] is one member of the The [Four-Party Credit Card System]


!! More Information
There might be more information for this subject on one of the following:
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* [#1] - [Developing and Managing a Successful Payment Cards Business|https://www.gowerpublishing.com/pdf/SamplePages/Developing_Managing_Successful_Payment_Cards_Business_Ch2.pdf|target='_blank'] - based on data observed:2015-05-18