1. The financial institution or retailer that authorizes the issuance of a card to a consumer (or another organization), and is liable for the use of the card. The issuer retains full authority over the use of the card by the person to whom the card is issued.
  2. Any bank or organization that issues,or causes to be issued, bankcards to those who apply for them.
  3. Any organization that uses or issues a personal identification number (PIN).

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Article by Xplor Pay

First published: August 12 2026

Last updated: August 12 2026