Synopsis-
“Meridian Bank and Corserv have joined forces to unroll a Business Credit Card Program. Business credit cards have been instrumental in providing innovative banking solutions to modern-day consumers of banks.”
Meridian Bank and Corserv have joined forces to unroll a Business Credit Card Program. Business credit cards have been instrumental in providing innovative banking solutions to modern-day consumers of banks.
What is Business Credit Card Mean?
A business credit card is usually a revolving credit line a business merchant can use, repay and use again.
About Meridian Bank & Corserv-
Meridian Bank, a banking unit of Meridian Corporation, is a new-age community bank serving Delaware, Florida, Pennsylvania, New Jersey, and Maryland. The bank gives a wide range of financial products and services with its more than 20 offices that include mortgage locations and banking branches.
Jason Rose, Vice President, Treasury Sales and Service at Meridian Bank, said,“Because we run Meridian like a business, we understand the needs of our community business owners. 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.”
Corserv is a UK-based company that empowers FinTechs and banks with payment systems. Corserv provides innovative credit, debit, and prepaid card issuing processing and programme management services, allowing banks and fintechs to provide and embed payment card features for their customers.
What is Good APR for a Credit Card?
Meridian Bank can continue to offer innovative solutions to its consumers through credit card items with varying APRs, rewards, and features thanks to Corserv’s robust programme. A good APR for a credit card is around 16%.
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.”
