Deserve Launches Commercial Credit Card Platform That Empowers Banks and Business-to-Business (B2B) Companies to Issue Co-Branded Credit and Charge Cards
Deserve has launched a revolutionary Commercial Credit Card Platform for banks and B2B companies, enabling them to issue digital corporate credit and charge cards. The platform addresses the anticipated growth of over $700 billion in small business credit card transactions by 2023. With features like instant issuance, expense management tools, and customizable rewards, it aims to enhance customer experience and create revenue opportunities for financial institutions, including Customers Bank, its inaugural partner.
- Launch of a digital platform for corporate credit cards, targeting growth in small business transactions.
- Features like instant issuance and expense management tools cater to the needs of banks and B2B companies.
- Potential for enhanced brand loyalty and revenue generation for partners.
- First partnership with Customers Bank to offer innovative credit card solutions.
- None.
Now banks and B2B companies can issue fully digital commercial cards that can help their customers better manage cash flow and expenses, while earning rewards on their spend
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The Deserve Commercial Credit Card Platform is designed to help companies of all sizes, from banks and online lenders to fintechs and marketplace businesses, to create credit and charge cards for their business customers. With instant issuance and digital wallet provisioning, the frictionless and smooth digital application allows approved cardholders to start using their cards within minutes. Deserve also provides enterprise-level controls, making it easy for CFOs to track, manage, and understand expenses.
“We are extending our digital, cloud-native, mobile-first platform from consumer cards to commercial. With this, we will enable any financial institution or platform that serves other businesses to embed and issue commercial credit cards. For non-banks, this can be a significant source of revenue and can enhance brand loyalty,” said
The Deserve Commercial Credit Card Platform will also enable its commercial card partners to offer rich and flexible credit card rewards to their customers. With Deserve’s Commercial Credit Card Platform, companies can provide cashback rewards or other unique value propositions to their customers.
Deserve’s platform will enable commercial card programs on either a white-label basis, or by fully embedding into partners’ digital capabilities through APIs and SDKs. With instant issuing, configurable underwriting, business owner control over employee card assignments, easy visualization of spend categories and trends, and precise control over employee spending, Deserve’s partners can launch and provide industry-leading commercial credit cards in a matter of months and through a single contract with Deserve.
“When we were approached by Deserve about partnering to help bring this innovative new platform to the small business sector, we could not pass up the opportunity,” said
To learn more visit Deserve.
About Deserve
Deserve is powering the future of fintech through digital-first, mobile-centric, highly configurable API- and SDK-based credit card solutions. Using machine learning and alternative data, Deserve provides partners with state-of-the-art underwriting solutions that expand financial access. Deserve partners with financial institutions, fintechs, consumer brands, universities, and associations to develop, rapidly deploy, and power white label and co-branded credit card programs. Deserve is a venture-backed fintech company whose investors include Mastercard, Goldman Sachs Asset Management,
About
View source version on businesswire.com: https://www.businesswire.com/news/home/20220412005378/en/
Press contact:
JP Cavender
SutherlandGold for Deserve
deserve@sutherlandgold.com
Press contact:
Communications Director
dpatti@customersbank.com
Source: Deserve
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