Agent Bank


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Agent Bank

1. See: Lead manager.

2. See: Agency bank.

3. A bank that issues a credit card on behalf of the primary issuer. The agent bank does not finance the credit card transactions. Most credit card issuers are in fact agent banks.
References in periodicals archive ?
Each agent bank has control of the payment channel and the customer relationship.
All three services enable agent banks and lenders to view and reconcile syndicated loans on a daily basis.