Corserv has made 9 years of investments in account issuing operations and systems by industry veterans and continues to enhance our solutions;
Automated system controls/reports provided to mitigate regulatory and fraud risks;
Business and commercial account spending controls and rewards programs by merchant, merchant category and geography;
Card products are highly competitive and well positioned to move market share;
The credit card P&L has the potential to provide a 4% – 5% lift in existing FI earnings based on credit card loans achieving 1% of total assets based on a pre-tax ROA is 4x average FI pre-tax ROA;
Credit card portfolio can increase the FI’s enterprise value – typical premium to par value paid in the event of a sale;
Protects and enhances existing customer relationships;
Enhanced digital/paperless solution for marketing, applications, account information/servicing, regulatory disclosures, and payments especially attractive for the younger generations;
A “winning/compelling/sell-able product” lifts morale, inspires confidence and puts FIs more in control of their destiny in home markets;
Additional local credit availability builds local communities and can include a community rewards program.
10 Reasons to Partner with Corserv