Agent Bank
nounverified·updated May 9, 2026
A member of a bankcard company that agrees to participate in an acquirer's merchant processing program. The agent may be liable for losses incurred on its merchant accounts. An agent is usually a small financial institution that wants to offer merchant processing services as a customer service. Agent banks that only refer merchants to an acquiring financial institution's program are known as referral banks.
polysemousMWEFederal Financial Institutions Examination Council (FFIEC) IT Examination Handbook Infobase, Glossary
Senses
Wordset Dictionary
a bank that acts as an agent for a foreign bank
Wordset Dictionary
a bank named by a lending syndicate of several banks to protect their interests
Classifications
Entity Type
Organization85%llm-generatedllm:claude-haiku-4-5
?unassignedlast reviewed —
Sensitivity
—80%llm-generatedllm:claude-haiku-4-5
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Information Class
unclassified
Variants
- synonym
- lead bank
- plural
- Agent Banks
- possessive
- Agent Bank's
- pluralpossessive
- Agent Banks'