CorServ, a company that empowers banks and fintechs with payment programs, has partnered with Minneapolis, MN-based Northeast Bank ($770 million in assets) to launch a comprehensive credit card program for their business and commercial customers.
Northeast Bank is a premier independent community bank committed to providing quality products and exceptional service. With a goal to add a comprehensive credit card solution to their suite of commercial banking services, Northeast Bank transitioned out of their Agent Bank programs to CorServ’s Account Issuer Program. In addition to the many improved features, Northeast Bank’s commercial and business customers will benefit from rewards and rebates realized by using credit cards for payments.
“Northeast Bank is dedicated to delivering tailored banking solutions to meet the diverse needs of our business customers,” said Eva Rasmussen, Chief Strategy Officer at Northeast Bank. “CorServ’s commercial card program equips us with compelling card options, a powerful self-service interface for company administrators to manage their cards, and personalized rebate options for businesses. CorServ’s program empowers Northeast Bank to serve our business customers of all sizes beyond what national card issuers can provide.”
CorServ’s Account Issuer Program provides Northeast Bank’s commercial customers with benefits including better choices of credit card products, insightful customizable reports including Level 2 and 3 transaction data, virtual cards to pay vendors, spend controls, and efficient expense reporting. With more control over credit decisions for their customers, Northeast Bank will leverage CorServ’s innovative solution to offer its business and commercial customers a comprehensive credit card program.
“CorServ’s program has the power to transform payment capabilities for Northeast Bank’s commercial customers,” said Anil Goyal, CEO of CorServ. “Our program offers a modern approach to banking with more capabilities for a convenient and simple experience. We are thrilled to partner with Northeast Bank to contribute to their mission of building strong communities by providing their customers with the best solutions.”