The service will see the Ohio-based organisation align itself with Corserv to deliver its innovative program which has been designed to serve commercial businesses, small businesses, nonprofits, local municipalities, and consumer customers.
Corserv’s comprehensive program enables People’s Bank to offer 14 different credit card products, including commercial and business cards, traditional rewards cards, a low rate card, a high-rewards world card and secured cards for those building their credit.
Tom Frawley, Senior Vice President of People’s Bank said: “With Corserv’s credit card program, People’s Bank can now serve our business customers with features like free expense reporting and detailed transaction reports that include level 2 and level 3 data.
“Our new card products have competitive rewards programs while at the same time providing a long-term product for our consumer and small business customers with relationship-based APRs lower than industry average.”
People’s Bank’s commercial and business customers are also set to be beneficiaries of the partnership, as they will now have increased control capabilities with Corserv’s business administrative interface allowing them to issue new cards, set spend controls, and pay vendors with virtual cards faster.
Anil Goyal, CEO of Corserv said: “Our turnkey card issuing program enables Peoples Bank to provide the best banking experience for its customers.
“Corserv’s program minimises the disruption, cost and resources needed for typical card programs and gives People’s Bank the payment card features that compete with the largest banks while serving the specific needs of their communities.”
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