ATLANTA, August 3, 2022 – CorServ, a company that empowers banks and fintechs with payment programs, has implemented an innovative credit card program with Swansea, MA-based BayCoast Bank, to serve their consumer, business and commercial customers.
BayCoast Bank has an incredible history of providing exceptional financial services and solutions to communities on the South Coast of Massachusetts and Rhode Island. CorServ’s innovative program enables BayCoast to continue community-focused service through credit card products which offer a variety of APRs and rewards to customers.
This comprehensive credit card program now gives BayCoast the unique opportunity to participate in all credit decisions which impact its community banking customers.
“BayCoast Bank is dedicated to supporting the neighborhoods where we live and work. We want to help our local businesses and communities thrive. The ability to participate in the credit decisions for our customers was incredibly important for us as we sought to upgrade our credit card program,” said Kevin Briggs, VP Strategic Initiatives at BayCoast Bank. “CorServ’s program provides competitive products without adding staff, infrastructure, and internal cost that previously made owning our own credit card program cost prohibitive.”
With innovative features such as virtual card support for businesses’ ePayables, automated credit-decisioning, sales and servicing portals, transparent and robust reporting, as well as hosted and secure PCI compliant software, CorServ provides a competitive, full-featured credit card program for community banks to serve their customers, based on their specific needs.
“We are proud to enable banks like BayCoast with robust features to compete with the largest banks, while doing what community banks do best – serve the specific needs of their community,” said Jerry Craft, CEO at CorServ. “Our turnkey card issuing program minimizes the disruption, cost and resources needed for typical card programs, while enabling our bank partners to average over 6% Return on Assets on the program.”