Overview#

Card Issuer is a Account Servicing Payment Service Provider (PSD2) and is the bank that issued the Payment Card and owns the PAN

Card Issuer Responsibilities[1]#

The Card Issuer’s roles and responsibilities are as follows:

• Recruit Cardholders and enter into contract with them to provide bankcards 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 Card Issuer’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 Card Issuer’s Cardholders at the Acquirer’s Merchants.

Card Issuer 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:

• AID
• ARPC
• ATC
• Acquirer
• Address Verification System
• Apple Pay
• Authorization Request Cryptogram
• Back-End Processors
• Bank Card Number
• CAM
• CDA
• CVM
• CVV-Key
• Card Processor
• Card Verification Method
• Cardholder
• Cardholder Verification Method
• Dynamic CVV Value
• EMV Liability Shift
• EMV Terms
• Enciphered PIN by ICC
• Four-Party Credit Card System
• IDM Related Compliance Items
• Interchange Fee
• Issuer Action Codes
• Issuer Identification Number
• Merchant
• Offline Authorization
• Offline Transactions
• Online Authorization
• Online Card Authentication
• Payment Card
• Payment Card Industry
• Payment Network
• Payment Token
• Payment Token-Key
• Risk Parameter
• Secure Element
• Token Service Provider
• Trusted Service Manager

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• [#1] - Developing and Managing a Successful Payment Cards Business - based on data observed:2015-05-18