The company continues to build on its track record of helping more banks self-issue and own their portfolios
i2c, a leading global provider of payments processing technology and banking solutions, today revealed plans for addressing what it sees as a historic opportunity to help current issuers offer more competitive credit products and enable more banks to enter the card-issuing space.
“i2c’s value proposition and track record working with FIs puts us in a formidable position to help banks change that in what some predict could be as healthy a credit card market as we’ve seen in many years”
“Our ability to significantly lower the tech and operational barriers for financial institutions to assemble, deploy and manage their own card programs combined with the prospect of consumers and businesses emerging from the crisis more credit-confident, puts us in a unique position to help a large segment of FIs enter the card market or fully own their credit portfolio for the first time,” said Amir Wain, CEO of i2c. The prevalence of digital-first use cases was acting as a further catalyst and enticement to banks, Wain added.
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“The issuing space is hitting an inflection point at the right time for a great many banks looking to boost revenues and profitability via what they may have seen in years past as a restrictive card business,” said new VP for FIs, Chip Harden, referring to the thousands of agent bank scenarios in the US and around the globe. “i2c’s value proposition and track record working with FIs puts us in a formidable position to help banks change that in what some predict could be as healthy a credit card market as we’ve seen in many years,” Harden continued.
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As examples of the company’s support of FIs, i2c pointed to the recent case of Community Bank of the Chesapeake (CBTC), and the recently-announced opening of a new, 400-person contact center in San Antonio, Texas to support growing demand from issuers seeking customer support services as part of bringing their programs to market. CBTC, a leading bank serving Southern Maryland and the Fredericksburg region is leveling the playing field with the help of i2c through the creation of a credit program for its business and consumer clients with features and controls comparable to those offered and enjoyed by the largest institutions.
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