Santander Bank partnered with Global Payments Inc. on a new commercial card offering for its Commercial Banking clients in the US
Starting in early 2023, Santander’s US commercial banking clients will be able to use innovative B2B products and services through TSYS, Global Payments’ Issuer Solutions business.
TSYS offers a suite of scalable issuer solutions for origination, processing and risk management. The products are suitable for various industries. Thus, fintech providers and retailers can purchase end-to-end solutions to master origination, payment processing, risk management, private label and co-branded card programs, virtual card issuance, and add micro-services tailored to customers’ needs.
Santander didn’t provide many details regarding the new card offering, promising more news on the commercial banking card in 2023.
The commercial banking card is the latest digital banking solution among other innovations Santander has recently introduced.
The bank also offers Treasury Fusion – a platform that integrates banking information directly to companies’ enterprise resource planning (ERP) software systems, and eLockBox – an electronic lockbox that consolidates incoming digital payments and simplifies electronic receivables management.
Besides, Santander has recently collaborated with Revenue Management Solutions (RMS), a healthcare remittance provider, to offer an end-to-end receivables lockbox product for healthcare clients.
As for the offerings for individual customers, Santander UK has recently introduced two new tools on its Financial Support Hub. Budget Calculator and Financial Health Check help customers review their spending and budget effectively using their mobile banking app.