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Avidbank partners Corserv to launch commercial credit card programme

    • Avidbank in the USA partners with Corserv to launch a new credit card offering for commercial clients.
  • Corserv’s Role:
    • Corserv’s Account Issuer solution will support card issuance, processing, servicing, and program management.
  • Features and Benefits:
    • The partnership will provide Avidbank’s commercial, municipal, and non-profit customers with a wider range of credit card products, including virtual cards.
    • Functions for expense reporting, spending controls, and transaction insights will be available.
  • Statements:
    • Anil Goyal, CEO of Corserv, states that the features will enable Avidbank to meet the needs of customers ranging from the smallest to the largest.
  • Previous Implementations:
    • Corserv’s Account Issuer solution has been selected by other banks such as Busey Bank in Illinois, Peoples Bank in Ohio, and Meridian Bank in Pennsylvania over the past year.
  • Avidbank Overview:
    • Based in California, Avidbank offers deposit, cash management, and online banking services.
    • Manages over $2 billion in assets.
    • Provides a range of lending services including mortgages, venture and asset-based lending, sponsor finance, and construction and commercial real estate loans.
    • Primarily serves customers in San Francisco, Santa Clara, and San Mateo counties.

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