Add Credit Card Fee and Loan Revenue to your Business
Targeted at 6,500+ banks and credit unions who currently do not own credit card loans, our unique credit card programs enables financial institutions to confidently and profitably enter the credit card lending business.
For years, credit card lending has demonstrated stronger profitability compared with other banking product lines. Finally, there is an innovative program to help financial institutions to enter the credit card business at low cost and low risk. You can realize the full rewards of profiting from credit card fees, growing credit card loans on balance sheet, while retaining ownership of customer lending and servicing relationships. Financial institutions of all sizes can make credit card issuing a significant (target loans as 1% of assets) and profitable (target 4 – 5% net operating margin) part of their business.
Get to Market Faster, with Lower Cost and Less Risk
- The unprecedented Corserv credit card programs manages risk and produces rewards:
- Market-proven compliance templates, credit origination and decisioning business rules, and fraud prevention helps financial institutions overcome the risks traditionally associated with unsecured lending (Fraud, Compliance, Execution, Financial, Operational, and Reputation Risks, operational complexity, lengthy time to market, limited economies of scale and a challenging regulatory environment.)
- Provides easy-to-implement policies and business rules for compliance, marketing and risk management, and credit decisioning.
- A proven fraud prevention system. Corserv shares responsibility for credit card fraud losses.
- Empowers financial institutions to own their credit card loans, and to better control customer experience.
Generate Stronger Profits
Our clients typically reach profitability with a few hundred balance active accounts through omnichannel marketing of a suite of products, including low rate credit cards and rewards programs. Corserv’s client’s card portfolios achieved an average of 4.5% net operating margin in 2016.