CorServ, a company that empowers banks and fintechs with payment programs, has partnered with First Bank to implement their modern credit card program. This program enables First Bank to provide credit card solutions to their consumer, business, and commercial customers.
First Bank, a $6.6 billion full-service bank, is known for its 100-year history of family ownership, serving communities in Missouri, California and Illinois. With their personalized service and commitment to excellence, First Bank replaced its Agent Bank program with the flexibility and control that CorServ’s Account Issuer program has to offer.
“Our community is always our priority, and by enhancing our credit card offerings, we are in turn better serving the unique needs of families and businesses,” said Erin Erhart, Director of Product of First Bank. “CorServ’s account issuer program gives us the ability to own the credit card profits and losses and participate in the credit decisions for our customers since we know them best.”
With extensive business and consumer capabilities, the Account Issuer Program offers credit card products with a variety of APRs, rewards and features. CorServ’s business administrative interface will now allow First Bank’s commercial and business customers to have increased controls that aid in issuing new cards, setting spend controls and paying vendors with virtual cards faster.
“CorServ’s program minimizes the disruption, cost and resources needed for typical card programs, giving First Bank competitive products for all their customers,” said Anil Goyal, CEO of CorServ. “We are thrilled to be a part of First Bank’s vision to help family-owned businesses, their families and employees thrive through generations with innovative features of our credit card issuing program.”