Corserv, a company that empowers banks and fintechs with payment programs, has implemented an innovative credit card program with Minnesota-based Scale Bank (previously Fidelity Bank), to improve commercial lending for customers.
Scale Bank is an independent, privately owned business bank that offers solutions such as commercial lending, cash management, warehouse funding and personal banking. Previously using an agent bank program, Scale Bank was interested in enhancing the commercial lending process by offering commercial credit cards with ePayables and virtual card features.
Scale Bank selected Corserv’s modern card issuing program to offer credit cards with extensive commercial banking capabilities. With the advanced credit card program, Corserv gives Scale Bank the unique opportunity to participate in all credit decisions which impact its commercial banking customers.
“Scale Bank has always provided exceptional banking expertise to our clients through our commercial lending capabilities and financial solutions to advance business,” said Mike Heil, EVP Commercial Lending, at Scale Bank. “With Corserv’s modern commercial credit card program, we will truly be able to provide industry-leading commercial, purchasing, and virtual cards for our commercial customers.”
Scale Bank will be equipped to serve their clients based on their unique commercial or business banking needs with features such as virtual card support for businesses’ ePayables, extensive spend controls including by MCC, a free expense reporting system, sales and servicing portals, transparent and robust reporting, all hosted and using Corserv’s secure PCI-compliant software.
“Corserv provides a boosted value for Scale Bank and their customers with improved digital banking services for commercial lending including easier employee expenses and vendor payments,” said Anil Goyal, CEO at Corserv. “We are thrilled to provide a competitive and sophisticated commercial credit card program for Scale Bank’s customers.”