Interchange
nounverified·updated May 9, 2026
Exchange of transactions between financial institutions participating in a bank card network, based on a common set of rules. Card interchange allows a financial institution's customers to use a bank credit card at any card honoring merchant and to gain access to multiple ATM systems from a single ATM.
Framework senses
Federal Financial Institutions Examination Council (FFIEC) IT Examination Handbook Infobase, Glossary1 senseview framework →
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- Exchange of transactions between financial institutions participating in a bank card network, based on a common set of rules. Card interchange allows a financial institution's customers to use a bank credit card at any card honoring merchant and to gain access to multiple ATM systems from a single ATM.
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- mutual interaction
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- reciprocal transfer of equivalent sums of money, especially the currencies of different countries
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- the act of changing one thing for another thing
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- a junction of highways on different levels that permits traffic to move from one to another without crossing traffic streams