Why Banks & Financial Institutions Should Partner With Bank Card Systems
Offering merchant services has become increasingly complicated for financial institutions due to government regulations, payment card industry mandates, and local laws that all impact on the need to serve your customers. Partnering with Bank Card Systems, a payment processing industry leader with more than 15 years in the business, makes good sense for your institution and your customers.
Bank Card Systems offers four different merchant services plans for financial institutions like yours. Each plan provides a different level of collaboration between Bank Card Systems and your institution:
- Partnership Plan: Bank Card Systems sales reps sell merchant services programs to your business customers. Your institution earns deposit and non-interest revenue without significant cost investment. Plan benefits include competitive, revenue-based pricing; comprehensive partner sales support; and cross-selling and retention opportunities.
- Advantage Plan: Your institution sells Bank Card Systems' merchant services directly. Bank Card Systems provides full-service support with essential services. Plan benefits include credit review within 12 hours of application completion, comprehensive partner sales support, comprehensive online reporting 24/7, and fee income opportunities.
- Referral Plan: No-liability program provides essential services for your institution to refer your business customers to Bank Card Systems for a full package of merchant services. Plan benefits include monthly residual payments for processed sales, credit review within 12 hours of application completion, monthly merchant reports, and comprehensive partner sales support.
- Agent Support Plan: Design a merchant services support plan that works with your institution. You maintain face-to-face contact with your merchants, while Bank Card Systems assigns an internal account executive to handle analysis, pricing, product and sales support in the background. Plan benefits include revenue split between Bank Card Systems and bank, comprehensive partner sales support, and merchant application processing.
Each plan includes a full package of essential services and many of Bank Card Systems' innovative payment processing products.