In this type of agreement, the third party institution can issue branded cards and is responsible for design of product features, customer service, billing and credit and authorization of transactions.

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Factors can change between the time you place an order and the time of credit card charge authorization, which could affect the calculation of sales taxes.

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In this type of agreement, the partner institution owns the credit risk for the cards issued, handles customer relationships and is responsible for transaction authorization, billing and pricing.

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