BayCoast Bank launches comprehensive credit card program with Corserv

“Corserv’s program provides competitive products without adding personnel, infrastructure and internal costs that previously made it prohibitive to own our own credit card program.”

Corserv, a company that offers payment programs to banks and fintechs, has established an innovative credit card program with BayCoast Bank, based in Swansea, Mass., to serve its consumer, business and commercial customers.

BayCoast Bank has an incredible history of providing exceptional financial services and solutions to communities on the South Coast of Massachusetts and Rhode Island. Corserv’s innovative program allows BayCoast to continue to provide community-focused service through credit card products that offer a variety of APRs and rewards to customers.

This comprehensive credit card program now gives BayCoast the unique opportunity to participate in all credit decisions that impact its community banking customers.

“BayCoast Bank is dedicated to supporting the neighborhoods where we live and work. We want to help our local businesses and communities thrive. The ability to participate in credit decisions for our customers was extremely important to us as we sought to upgrade our credit card program,” said Kevin Briggs, vice president of strategic initiatives at BayCoast Bank. “Corserv’s program provides competitive products without adding personnel, infrastructure and internal costs that previously made it prohibitive to own our own credit card program.”

With innovative features such as virtual card support for electronic business payments, automated credit decision, sales and service portals, transparent and robust reporting, and hosted and secure compliant software. PCI compliant, Corserv provides a competitive and comprehensive credit card program for community banks to serve their customers, based on their specific needs.

“We’re proud to empower banks like BayCoast with robust functionality to compete with the biggest banks, while doing what community banks do best – serving the specific needs of their community,” said Jerry Craft, CEO by Corserv. “Our turnkey card issuance program minimizes the disruption, cost and resources needed for typical card programs, while enabling our banking partners to average over 6% return on assets on the program. .”

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About BayCoast Bank

BayCoast Bank is a longtime community bank that provides financial products and services to people and businesses in Southeast Massachusetts and Rhode Island through 25 branches and loan origination offices, and additional locations will be soon available. The Bank offers a family of comprehensive financial services through its subsidiaries: BayCoast Mortgage Company, LLC, BayCoast Financial Services, Plimoth Investment Advisors, Partners Insurance Group, LLC and Priority Funding, LLC. For more information, visit https://baycoast.bank/ or call 508-678-7641.

About Corserv

Corserv provides payment services, including a turnkey issuance program for credit cards, P-cards and virtual cards that enables banks and Fintechs to provide competitive and branded payment services to their customers . Corserv’s secure hosted programs combine our credit, compliance and marketing expertise with our modern online solution and open APIs – everything customers need to quickly build a successful card issuing business. Our Bank and Fintech clients increase their earnings per share by benefiting from the loan interest, exchanges, commission income and economies of scale of Corserv’s client base. More importantly, they deepen their relationships with customers. For more information, please visit http://www.corservsolutions.com

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