CorServ, a company that empowers banks and fintechs with payment programs, has partnered with Busey Bank ($12.5 billion in assets) to launch a modern credit card program for their commercial customers.
Headquartered in Champaign, Illinois, Busey Bank serves their customers in over 80 locations. Aiming to add a comprehensive credit card solution to their suite of commercial banking services, Busey Bank transitioned out of an Agent Bank program to CorServ’s Account Issuer Program. Both Busey Bank and their commercial customers will benefit from the Interchange realized by using commercial credit cards for payments.
“Busey Bank uniquely knows the financial situation and banking needs of our commercial customers,” said Andy Santangelo, EVP and Director of Treasury Management for Busey Bank. “CorServ’s commercial card program provides us with tools for credit decisioning, options for local servicing, and custom rebates which empower Busey Bank to better serve our commercial customers compared to what National card issuers can offer.”
CorServ’s Account Issuer Program provides Busey Bank’s commercial customers with benefits including better choices of credit card products, a powerful self-service interface for company administrators to manage their cards, insightful customizable reports including Level 2 and 3 transaction data, virtual cards to pay vendors, spend controls, and efficient expense reporting. With more control over credit decisions for their customers, Busey Bank will leverage CorServ’s innovative solution to offer its commercial and business customers a comprehensive credit card program.
“CorServ’s program gives commercial customers a modern approach to banking with more capabilities for a convenient and simple experience,” said Anil Goyal, CEO of CorServ. “We are thrilled to partner with Busey Bank to contribute to their legacy of associate excellence, customer service, community involvement, and expanding shareholder value.”
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