Atlanta - May 14, 2024
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.
