Corserv serves the following types of clients with unique value propositions for a Card Issuing business:
Targeted at larger FIs with an existing or commitment to a card program of at least $100M in loans, the Direct Issuer program enables the FI to be the sponsor bank with Visa or Mastercard, and provides technology and subject matter expertise tailored to the FIs business model to realize maximum control & self reliance. The Direct Issuer program seeks to maximize returns & program control for FIs enabling them to offer their own branded card to consumers and businesses while owning the fee income and net interest margin on loans, and doing some/all of their own servicing.
Enables FIs to offer their own branded card to consumers and businesses and to own the interchange, fee income, the loans, and the net interest margin on loans but with a shared bank partner to support Network sponsorship, risk, compliance, and servicing functions. The financial institutions review/approve applications that do not reach an automated approval decision.
A better version of an Agent Bank program with a shared bank partner to support Network sponsorship, risk, compliance, and servicing functions, BUT lets Financial Institutions offer their own branded card to consumers and businesses while realizing a % of loan interest from loans that they guarantee, a fee for each customer account they originate, and a % of associated volume. Financial Institutions have the option to control their credit card issuing relationships and own the loans at the end of the contract term by either migrating to Corserv’s Account Issuer Program or converting to another provider.
Corserv has modern, open technology modules based on Java, open APIs, and agile development, coupled with deep expertise in credit card issuing business processes that clients can license to create a world-class credit card issuing business.
If you already have financial institutions as clients and know that they can also benefit from a credit card issuing business, then you can quickly create a new business area, white labeled for you, by becoming a Corserv channel partner to provide our turn-key solutions to your clients.