Avidbank partners Corserv to launch commercial credit card programme
Avidbank in the USA has tapped Corserv to launch a new credit card offering for its commercial clients.
Avidbank to launch credit cards with Corserv
The bank will utilise Corserv’s Account Issuer solution to support card issuance, processing, servicing and programme management.
At the front end, the UK-based vendor claims the partnership will afford the bank’s commercial business, municipality and non-profit customers access to a wider range of credit card products, including virtual cards. The bank will also be able to offer functions for expense reporting, spending controls and transaction insights.
Anil Goyal, CEO of Corserv, says that the features will “enable Avidbank to meet the banking needs of the smallest to the very largest of these customers”.
Corserv’s Account Issuer solution has been selected to power credit card programmes for the likes of Busey Bank in Illinois, Peoples Bank in Ohio and Meridian Bank in Pennsylvania over the last year.
Based in California, Avidbank offers deposit, cash management and online banking services and currently manages over $2 billion in assets.
The bank’s lending remit extends to mortgages, venture and asset-based lending, sponsor finance and construction and commercial real estate loans, targeted primarily at customers in the counties of San Francisco, Santa Clara and San Meteo.
