Visa and MasterCard
Networks
Sponsoring Bank:
A Sponsoring Bank is a Chartered Bank or S & L that has obtained
membership in Visa or MasterCard in order to allow a Processor access
to the Visa and MasterCard networks ( in order to process these types
of transactions).
-Since only
a Bank may join Visa or MasterCard, many Processors make deals with a
Sponsoring Bank in order to gain access to the Visa and MasterCard
networks.
-Because
these Sponsoring agreements are usually like a partnership, the line
between the Sponsoring Banks and their Processors is not always clear;
sometimes the partnership is referred to by the name of the bank,
while other times they are referred to by the name of the Processor.
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Processing Questions
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Account Info
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