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 ?
The share of agent banks shall be set by the Board of Trustees under competitive conditions proportionate to the service charge and the specialized and expert capabilities of the agent banks.
CUSIP Global Services understands that agent banks in Europe need an easy-to-access common identifier system to provide transparency and order in the syndicated loan market," said Darren Purcell, Director, CUSIP Global Services.
Along with the agent banks, more than 3,100 investment funds and lending entities administered by more than 270 leading funds managers and bank lenders have linked to the reconciliation service since Loan/SERV was launched in 2008.
Other recent financial institutions joining Key's agent bank program include:
Before the SouthTrust agreement, Key agent bank clients, including banks, savings and loans and credit unions, already had fee-free or fee-reduced access to Key's network of over 2,200 ATMs in 15 states, including Key-branded ATMs in ARCO am/pm retail locations in the Western United States.
Morgan, the global agent banks linked to the Reconciliation Services are: The Bank of New York Mellon, Barclays Capital, Citi, Credit Suisse, Deutsche Bank, Goldman Sachs and The Royal Bank of Scotland.
Cash on Transfer will give the global syndicated loan market a platform for the simultaneous movement of cash with the change in legal ownership of the asset recorded by the agent bank.
The acquisition brings Silverton's agent banks and merchant customers into an existing network that delivers premium payment processing behind the scenes while banks retain their business banking relationships.
The Reconciliation Service enables agent banks and lenders to view and reconcile loan positions on a daily basis.
Century") to manage and expand the RBS WorldPay Agent Bank program.
TSYS Acquiring Solutions is pleased to have a partnership with Clearent to deliver value-added service, speed and technology to their ISOs and agent banks," says Charles M.
We are looking forward to expanding our service to ISOs and Agent Banks across the U.