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What is the difference between banking as a service and an issuer processor?


Senior BaaS platform executive

Yeah. Issuer processors are essentially all those defined roles within banking. An institution can be an issuer and processor. And with that, they can have banking-as-a-service features that enable that. But the term issuer processor is not related to banking-as-a-service. In general, it relates to the types of roles that an institution plays within the financial transaction. The banking-as-a-service layer, if you will, can actually encompass being an issuer processor to make it easier, essentially, to do.

Find this answer in Senior BaaS platform executive on the rise of banking-as-a-service 2.0
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