Avidbank & CorServ Launch Beneficial Credit Card Program for Businesses

CorServ, a company that empowers banks and fintechs with payment programs, has partnered with Avidbank (over $2 billion in assets) to launch a beneficial credit card program for their commercial customers.

Avidbank, headquartered in San Jose, California is known for its highly responsive and customer-centric approach and specializes in providing custom financial solutions in commercial & industrial lending, venture lending, structured finance, asset-based lending, sponsor finance, fund finance as well as construction and commercial real estate lending. With a focus on innovation and advocacy, Avidbank transitioned from its previous Agent Bank program to CorServ’s Account Issuer program. The solution provides Avidbank’s commercial customers with benefits including better choices of credit card products, powerful self-service interfaces for managing their cards, insightful customizable reports including Level 2 and 3 transaction data, virtual cards to pay vendors, spend controls, and expense reporting.

“This collaboration aligns with our commitment to providing innovative banking solutions to meet the evolving needs of our customers,” said Art Wasson, EVP, Treasury Management Services of Avidbank. “After searching the market, we found that CorServ uniquely provided us with the card products, control over credit decisioning, options for local servicing, and custom rebates that enable Avidbank to better serve our commercial customers than National card issuers can.”

“Avidbank knows the needs of it’s clients best  and can now provide local servicing for their commercial business, municipality, and non-profit customers,” said Anil Goyal, CEO of CorServ. “CorServ provides the commercial card products and features that enable Avidbank to meet the banking needs of the smallest to the very largest of these customers.”

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