Parties involved in Credit card

* Cardholder: The holder of the card use to make a buy; the consumer.

* Card-issuing bank: The financial institute or other group that issued the credit card to the cardholder. This bank bills the customer for refund and bears the risk that the card is used falsely. American Express and Discover were before the only card-issuing banks for their own brands, but as of 2007, this is no longer the case.

* Merchant: The individual or business tolerant credit card payments for crop or services sold to the cardholder

* Acquiring bank: The financial institute accepting fee for the products or services on behalf of the merchant.

* Independent sales group: Resellers of the services of the acquire bank.

* Merchant account: This could refer to the acquiring bank or the sovereign sales organization, but in general is the group that the merchant deal with.