News and resources on payments systems, innovations and initiatives worldwide.

Apto Payments adds Patriot Bank as partner

Source: Apto Payments

Card issuer and service provider Apto Payments (“Apto”) announced today the addition of Patriot National Bancorp, Inc., a Connecticut corporation (“Patriot”) as a new bank partner to help customers bring card products to market with ease and confidence.

Patriot is a bank that is committed to supporting purpose-driven, digital-first financial products and will support Apto’s wide range of card use cases, including disbursements, small business cards, corporate expense cards, and more.

Customers who launch card programs with Apto will benefit from Apto and Patriot’s combined expertise in card program design, as well as regulatory and compliance management. Services provided jointly by Apto and Patriot include BIN sponsorship, card fulfillment, full KYC/KYB management, compliance reporting, fraud monitoring, and cardholder support.

“At Patriot, we pride ourselves on being not just a bank, but a trusted provider of excellent services. We wanted to partner with a card issuer who has the same mindset of providing both infrastructure and world-class services,” said Robert Russell, President and CEO of Patriot Bank. “We’re happy to partner with Apto, who has been a service-minded pioneer in the card issuing space” commented Al Botta, EVP and Chief Payments Officer.

The addition of Patriot as a bank partner allows Apto to continue to ensure that it provides the fastest and most sustainable path to market for customers.

“Apto is excited to ensure the continued growth of our pipeline of card programs as a result of our partnership with Patriot Bank,” said Meg Nakamura, CEO at Apto Payments. 

Comments: (0)