For more information: https://www.2checkout.com/ecommerce-resources What is an Issuing Bank? Any bank or
financial institution that
grants credit cards and/or lines of credit through card associations. How Does an Issuing Bank Work? An Issuing Bank
is accountable for any cardholder
‘s capability to settle the financial obligation he or she accumulates with the credit card or line of credit given by the bank. The Issuing Bank at first writes a letter of credit, which makes sure the payment of interest and principal on any purchase made by the cardholder. Source
