Principal vs. Associate-Affiliate Membership: How Do You Know What’s Best for Your Financial Institution?

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To become a licensed Visa or Mastercard issuer, certain requirements must be met by your bank. But first, it is essential to understand your options. There are two types of licensing programs Visa and Mastercard offer: a Principal membership and an Associate/Affiliate membership. Both have been developed to accommodate different banking needs and have pros and cons that should be considered before deciding what is best for your strategic growth plan.

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Principal vs. Associate-Affiliate Membership: How Do You Know What’s Best for Your Financial Institution?

In Depth

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