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Meridian Bank, based in Pennsylvania, has partnered with Corserv to launch a new credit card program for its business and commercial customers. The collaboration will enable Meridian Bank to offer specialized features and benefits to its customers, including virtual card support, automated credit decisioning, extensive spend controls, business self-service features, and free expense reporting.
- Meridian Bank has teamed up with Corserv to introduce a business credit card program for its customers.
- With Corserv’s credit card program, Meridian Bank can provide its customers with a range of APRs, rewards, and features, as well as comprehensive commercial and business capabilities.
- The decision to choose Corserv was driven by the advantages it offers, such as virtual card support, automated credit decisioning, extensive spend controls, business self-service features, and free expense reporting.
- Corserv’s card issuing program minimizes disruption, costs, and resource requirements typically associated with card programs. Corserv’s partners reportedly achieve an average return on assets of more than 8% with the business card program.
- Meridian Bank, established in 2004, is a full-service commercial bank managing $2 billion in assets. It specializes in business and industrial lending, retail and commercial real estate lending, electronic payments, and wealth management solutions.
- Corserv, founded in 2009 and headquartered in Atlanta, Georgia, provides issuing processing and program management services for credit, debit, and prepaid cards to banks and fintechs.