Mastercard and Verizon launch a new credit card for small businesses

Verizon has partnered with Mastercard to launch a small business credit card designed to create value for small business owners in the United States.

Mastercard and Verizon launch a new credit card for small businesses

Issued by the First National Bank of Omaha (FNBO), the Verizon Business Mastercard rewards users for purchases of everyday business expenses, such as eligible office supplies, technology, fuel, and more. Existing wireless Verizon Business customers with fewer than 100 lines and an online account are currently eligible for the new Verizon Business Mastercard.

Small Business Points and Rewards System

Small business owners who sign up and are approved for the Verizon Business Mastercard earn and redeem points known as Verizon Business Dollars. They can then spend it on devices or accessories for their business.

Cardholders can also spend their points on their Verizon Business wireless bill. There is no annual fee, and eligible Verizon Business customers who sign up and are approved will receive $50 on their credit card statement after their first card purchase.

Helping companies become ‘future-ready’

Verizon Business CEO Tami Erwin said: “Mastercard has been an important partner for us on our journey to help our customers of all sizes transform their businesses and ensure they are truly future-ready. We are excited to expand this partnership with FNBO and bring this small business credit card to our customers at a time when we know they are exploring new avenues to expand their business, manage costs, and maximize their use of new technologies. to solve challenges to drive growth.”

Chiro Aikat is the Executive Vice President of Products and Engineering in North America at Mastercard, adding: “The small business owner today is looking for smarter, relevant and customized digital finance products that accelerate their operations and increase their value. make life easier. We are proud to expand our relationship with Verizon and FNBO to connect the small business segment through meaningful technology and benefits.”

Speaking about his bank as a card issuer, the Executive Vice President of the Partner Segment at FNBO, Jerry J. O’Flanagan, said, “FNBO has a rich history of helping small businesses grow and succeed, so we’re excited to partner with you. working with a respected brand like Verizon as they launch their first small business program.”

Features and Bonus Benefits

Additional features of the Verizon Business Mastercard include the World Elite Mastercard for Business, which helps small business owners reach new audiences and grow their business. It provides access to Microsoft Advertising, Zoho Social, and Zoho Marketing Pal. Cardholders also get access to Mastercard’s Digital Diagnostic assessment and Digital Doors program.

The Verizon Business Mastercard is also contactless enabled. Once the card is approved, cardholders can immediately start purchasing online, in-app or at the point of sale.

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This post Mastercard and Verizon launch a new credit card for small businesses was original published at “https://smallbiztrends.com/2022/06/mastercard-and-verizon-launching-a-small-business-credit-card.html”

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