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Term Definition
Interchange Fees

Fees generally collected from Acquirers on the value of their card sales and paid to Issuers.

Interchange Network

An electronic network maintained by DIscover®, MasterCard® or, VISA® that exchanges data relating to the value of card sales and credits among Issuers and Acquirers.

Issuer

Any Discover®, MasterCard® or, VISA® member, or a commercial organization that establishes and maintains customer credit lines that are accessed through the use of a card. (Public and private companies and financial institutions that offer card-accessed lines of credit to consumers and businesses.)

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