Agent Bank + Program
Agent Bank + is a better version of an Agent Bank program with a shared bank partner to support Network sponsorship, risk, compliance, and servicing functions. It lets Financial Institutions offer their own branded card to consumers and businesses while not taking credit or fraud risk, yet realizing a fee for each customer account they originate, and a % of associated issuer interchange volume. Powerful role-based features and reporting for servicing and managing the credit card business are available to the financial institution staff. 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.
FI contracts with Sponsor Bank and the Sponsor Bank contracts with Corserv.