“Torpago, a California-based business credit card and expense management platform provider, has unveiled a private-label credit card program named Powered By empowering credit unions and community banks to launch their custom, branded, end-to-end corporate credit card product.”
Credit cards have been a successful financial instrument for financial institutions worldwide. There are multiple players in the business of credit cards offering economic benefits whether you use them nationwide or globally.
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Seeking a vast opportunity in this niche, Torpago, a California-based business credit card and expense management platform provider, has unveiled a private-label credit card program named Powered By empowering credit unions and community banks to launch their custom, branded, end-to-end corporate credit card product.
Brent Jackson, Founder and CEO of Torpago said, “We are constantly listening to our customers and quickly recognized that this was a huge need in the banking industry. The core of everything we do is identifying big problems and creating smart solutions. We initially built Torpago for two purposes. First, we designed it to address the widespread lack of modern accounting solutions for medium and small businesses. Second, it aimed to tackle the absence of efficient expense management solutions for the same businesses. Launching Powered By was the next evolution in doing what we do best.”
Torpago has brought its program to solve the challenges credit unions and local banks often face with current third-party cards. It achieves this by offering three key features. The first feature is customer service support. The second feature is a modern platform that follows the card. The third feature is visibility into the organization’s spending data.
We have efficiently designed the program for two purposes. First, it aims to aid local banks and credit unions. Second, it helps them in keeping their business customers served as their operations grow.
Powered By seeks to level the playing field in the banking industry by enabling community banks and credit unions to provide innovative options to customers, including small businesses and enterprise-level corporations.
It also reaches small businesses and customers of banks in more traditional industries, which FinTech firms frequently overlook.
