Banks have become a bit notorious for their lack of innovative and high-tech services for corporate clients. Business payments firm CSI globalVCard wants to change that, even if helping a bank adopt electronic payment tools means working with someone other than CSI globalVCard.
An announcement made Tuesday (Dec. 15) said CSI globalVCard has launched a partnership program that sees the payments company linking up with banks to either provide them software licensing for globalVCard’s payments platform or refer them to another electronic payments service. The venture will focus on providing digital payment services for corporate transactions.
The company will link banks to the globalVCard paysystems platform that enables payment processing across an array of payment technologies.
The company noted that through a partnership, banks can access globalVCard’s existing portfolio of corporate payment solutions instead of investing the capital and resources to develop their own. The collaboration would save money, help banks expand their commercial card programs and give access to CSI’s customer services.
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“Our partnership model allows banks to benefit from the scale of our business and our proven platform and process,” said CSI globalVCard Managing Director David Disque in a statement. “We are excited to help our partners grow and strengthen their market share in corporate payments through globalVCard paysystems, which is an integrated payables solution that can process 100 percent of a customer’s payments, whether virtual cards, check or ACH.”
Separately, Mutual of Omaha Bank remarked on the impact of partnering with globalVCard for B2B ePayment solutions.
“We strive to meet every financial need that our commercial clients have, including the growing demand for automated payables,” said the bank’s VP and director of credit card services, Michael Mortiz.