Corserv, a company that empowers banks and fintechs with payment programs, has implemented a credit card program with Berryville Virginia -based Bank of Clarke County ($1.1 billion in assets) for their commercial, business, and consumer customers.
Bank of Clarke County was especially focused on improving their commercial card products, features, and service for local businesses. The commercial and purchasing cards from Corserv have enabled Bank of Clarke County to better service their market without adding staff.
“I previously saw the virtues of Corserv’s credit card program at another bank and was excited to bring it to Bank of Clarke County,” said Brandon Lorey, CEO of Bank of Clarke County. “Through Corserv’s Account Issuer Program, we’re able to provide cutting edge services that allow us to stay competitive as a local community bank all while keeping the interchange, loan interest, and fees within our walls. Utilizing services such as self-service spend controls, virtual cards, support for ePayables, and a free expense reporting system have created additional opportunities for us to better serve our local businesses.”
“The Account Issuer Program was created with banks like Bank of Clarke County in mind, allowing them to own their credit card financials without the need to add expertise, infrastructure, or staff”, said Anil Goyal, President of Corserv. “Bank of Clarke County is using our program to provide better credit card products and service to their local businesses, municipalities, and consumers. We look forward to working with Bank of Clarke County to continue to market and service credit card products for their customers.”