Busey Bank, CorServ to introduce modern credit card program

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.
prwebApril 16, 20244 min

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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