Agent Bank
nounid
1464·updated May 9, 2026verified
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.
polysemousMWE
Classifications
Entity Type
Organization85%llm-generatedllm:claude-haiku-4-5
Sensitivity
—80%llm-generatedllm:claude-haiku-4-5
Information Class
unclassified
Variants
- synonym
- lead bank
- plural
- Agent Banks
- possessive
- Agent Bank's
- pluralpossessive
- Agent Banks'
Framework definitions
Federal Financial Institutions Examination Council (FFIEC) IT Examination Handbook Infobase, Glossary1 senseview framework →
- §1
- 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.
- §1
- a bank that acts as an agent for a foreign bank
- §2
- a bank named by a lending syndicate of several banks to protect their interests
Outgoing relationships
No outgoing triples
This term is not the subject of any RDF-style relationship yet.
Incoming relationships
No incoming triples
No other term currently asserts a relationship to this one.