ATLANTA, May 17, 2023 – CorServ, a company that empowers banks and fintechs with payment programs, has implemented an industry-leading credit card program with Pennsylvania-based Meridian Bank to serve their business and commercial customers.
Meridian Bank is a $2 billion full service commercial bank, founded in 2004 and headquartered in Greater Philadelphia with offices in Pennsylvania, New Jersey, Delaware, Maryland, and Florida. CorServ’s robust program enables Meridian Bank to continue offering innovative solutions to its customers through credit card products with a variety of APRs, rewards, and features. For Meridian Bank, it was crucial that their credit card program offer extensive commercial and business capabilities.
“Because we run Meridian like a business, we understand the needs of our community business owners,” said Jason Rose, Vice President, Treasury Sales and Service at Meridian Bank. “We found that virtual card support, automated credit-decisioning, extensive spend controls, business self-service features, and free expense reporting from CorServ’s program allow us to offer specialized features to our business and commercial customers.”
Anil Goyal, CEO at CorServ said, “Our turnkey card issuing program minimizes the disruption, cost, and resources needed for typical card programs while enabling our partners to average over 8% Return on Assets on the business card program. It is our core mission to provide institutions like Meridian Bank with payment card features that compete with the largest banks, while doing what community banks do best – serve the specific needs of their community.”