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.
In 2009, DTCC launched Contract Reconciliation to provide lenders with comprehensive contract level detail from agent banks to lenders.
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.
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 WOODLANDS, Texas -- Merchants' Choice Payment Solutions (MCPS), announced the acquisition of the portfolio of agent bank relationships from Silverton Bank in Atlanta, Georgia.
In addition to the Reconciliation Service, DTCC's Loan/SERV Messaging Service provides a secure and automated network for the transmission of standard loan messages between agent banks and lenders in the syndicated loan market.
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.
The Bank Facility was arranged by Banc of America Securities and Wells Fargo Bank, with agent banks, Bank of America, Wells Fargo Bank, Bank of Scotland, Deutsche Bank Trust Company Americas, The Royal Bank of Scotland and Wachovia Bank, National Association.
A leading independent sales organization, or ISO, in the merchant bank card processing industry, Retriever processes transactions for nearly 100,000 merchant sites serviced by over 600 affiliated sales groups and 400 agent banks.
The Bank Facility was arranged by Banc of America Securities, with agent banks, Bank of America, Bank of Scotland, Deutsche Bank Trust Company Americas, Lehman Commercial Paper and Wells Fargo Bank.