Issuing bank

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Issuing bank

Bank that issues a letter of credit.

Issuing Bank

A bank that writes a letter of credit, especially on behalf of an exporter. The issuing bank operates in the country of the importer, and facilitates trade between the importer and exporter by providing credit for the transaction. It is also called an opening bank.
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Currently, merchants would have to manually review the issuing banks response code AND the payment gateway authorization response code to be able to identify if the issuing bank accepted or rejected the financial liability of any given transaction in a post mortem environment.
Ethoca is a global collaboration-based technology company serving online merchants and card issuing banks in the fight against ecommerce fraud.
Moreover, for the back to back/counter-guarantee issuing banks situated in foreign countries, National Scale Rating of at least 'A' or equivalent shall also be acceptable provided the guarantee issuing bank in Pakistan is comfortable with it.
This brings the number of JCB issuing banks to 31 out of about 50 banks operating in Taiwan.
Providing secure payment authentication to financial service institutions, issuing banks, and a wide range of credit card and payment processor companies, the integrated products will provide Federal Information Processing Standard (FIPS) 140 approved security for sensitive cardholder data and online payment authentication processes.
By switching issuing banks we can further reduce our cardholder fees without decreasing our profit margins," stated Bruce Berman, CEO of Bank Freedom.
C&C) a leading provider of consulting and program management services to the prepaid industry, today announced the online publication of the "Program Manager's Guide to Prepaid Issuing Banks.
As of March 31, 2011, IFC, a member of the World Bank Group, had provided 840 trade finance guarantees on behalf of 11 partner issuing banks in Pakistan through its Global Trade Finance Programme, to help their client business trade internationally, said an IFC statement here on Tuesday.
MasterCard Helps Issuing Banks Neutralize Fraud Risk and Reduce Re-Issuance Expense on Accounts Exposed to Account Data Compromise Events
In addition to helping victims of Time Share Fraud recover their monies, The Center for Legal Justice has also referred many clients to the Delta Law Firm to receive representation due to major Credit Card Issuing banks misrepresenting balances and placing erroneous charges for various reasons on consumers' monthly statements.
Issuing banks for the Cubis Express Card Program include First PREMIER Bank and Marshall BankFirst, both of Sioux Falls, S.
The initial cross-bank bill payment services cover the eight major credit cards issuing banks, including the Industrial and Commercial Bank of China, Agricultural Bank of China, China Construction Bank, and China Merchants Bank.