Meridian Bank & Corserv partner to launch business credit card program

By Delisha Fernandes

Corserv, a company that empowers banks and FinTechs with payment programs, announced its partnership with Meridian Bank to Launch a Business Credit Card Program.

Corserv’s robust program enables Meridian Bank to continue offering innovative solutions to its customers through credit card products with various APRs, rewards, and features. For Meridian Bank, their credit card program needed to provide extensive commercial and business capabilities.

“Because we run Meridian like a business, we understand the needs of our community business owners,” said Jason Rose, Vice President, Treasury Sales and Service at Meridian Bank. “We found that virtual card support, automated credit-decisioning, extensive spend controls, business self-service features, and free expense reporting from Corserv’s program allow us to offer specialised features to our business and commercial customers.”

Anil Goyal, CEO at Corserv, said, “Our turnkey card issuing program minimises the disruption, cost, and resources needed for specific card programs while enabling our partners to average over 8% Return on Assets on the business card program. Our core mission is to provide institutions like Meridian Bank with payment card features that compete with the largest banks while doing what community banks do best – serve the specific needs of their community.”

Corserv provides innovative issuing processing and program management services for credit, debit and prepaid cards enabling Banks and FinTechs to deliver and embed payment card capabilities for their customers.

Meridian Bank, a subsidiary of Meridian Corporation, is an innovative community bank serving Pennsylvania, New Jersey, Delaware, Maryland and Florida. Meridian offers a full suite of financial products and services through more than 20 offices, including banking branches and mortgage locations.