Fri, Nov 22 2024
In order to enhance commercial lending for clients, Corserv, a firm that provides payment systems to banks and fintechs, has partnered with Scale Bank (formerly Fidelity Bank), located in Minnesota, to launch a cutting-edge credit card program.
Scale Bank is a stand-alone, privately held business bank that provides services such personal banking, warehouse funding, cash management, and commercial loans. Scale Bank was interested in improving the commercial lending process by providing commercial credit cards with ePayables and virtual card features. Scale Bank was previously using an agent bank program.
Scale Bank has chosen to provide credit cards with comprehensive commercial banking features by utilizing Corserv's cutting-edge card issuance program. Scale Bank has a unique chance to be involved in all credit decisions that affect its business banking customers thanks to Corserv's sophisticated credit card program.
According to Mike Heil, EVP of Commercial Lending at Scale Bank, "Scale Bank has always provided exceptional banking expertise to our clients through our financial solutions to advance business." "We will be able to provide industry-leading commercial, purchasing, and virtual cards for our commercial customers with Corserv's cutting-edge commercial credit card program."
With features like virtual card support for businesses' ePayables, extensive spend controls, including by MCC, a free expense reporting system, sales and servicing portals, transparent and robust reporting, all hosted and using Corserv's secure PCI-compliant software, Scale Bank will be prepared to serve their clients based on their specific commercial or business banking needs.
According to Anil Goyal, CEO of Corserv, "Corserv offers a boosted value for Scale Bank and their customers with improved digital banking services for commercial lending, including easier employee expenses and vendor payments." "We are excited to offer Scale Bank's clients a competitive and advanced commercial credit card program."
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