Assertion: interchange | /r/Synonym | the acquiring bank
Facets:
value: to the cardholder's bank
type: TRANSITIVE-OBJECT
value: to compensate the issuing bank
type: PURPOSE
Source sentences:
text: Interchange is a fee paid by a merchant's bank (also known as the acquiring bank) to the cardholder's bank (the issuing bank) to compensate the issuing bank for a portion of the risks and costs it incurs.