WebBank Partners with American Express for Credit Card Issuance
Today, WebBank announced an agreement with American Express to become a card issuer and participant in the American Express network. This partnership was chosen by American Express as part of its strategy to enhance services for fintech companies.
In comments on the deal, WebBank officials expressed their enthusiasm about this strategic alliance. They believe it will broaden the product offerings available through their partner platforms and create value for both the fintech industry and consumers.
American Express representatives highlighted that integrating WebBank into their network represents a step towards enabling fintech companies to offer payment innovations on the Amex platform. They are eager to work closely with WebBank to expand the reach of the brand and bring new benefits to users.
About WebBank
Founded in 1997, WebBank has been a leader in credit product origination and funding, having issued over USD 155 billion in consumer and commercial credit products. As a national issuer of consumer and small business credit products through strategic partner (brand) platforms, WebBank engages in a wide range of banking activities including loans, lines of credit, credit cards, private-label card issuance, and auto-refinancing.
