Verizon has partnered with Mastercard to launch a small business credit card that is designed to provide value to U.S. small business owners.
Mastercard and Verizon launch a new small business credit card
The Verizon Business Mastercard, which is issued by the First National Bank of Omaha (FNBO), will reward users for purchases of daily business expenses, such as office supplies, technology, fuel and more. Existing Verizon Business wireless customers with less than 100 lines and an online account are currently eligible to apply for the new Verizon Business Mastercard.
Points and rewards system for small businesses
Small business owners who apply for and are approved for the Verizon Business Mastercard will earn and redeem points called Verizon Business Dollars. They can then spend them on devices or accessories like their business.
Cardholders will also be able to spend their points on their Verizon Business wireless bill. There is no annual fee, plus eligible Verizon Business customers who apply and are approved receive $ 50 for the credit card statement after the first purchase on the card.
Helping companies be “ready for the future”
Verizon Business CEO Tami Erwin said: “Mastercard has been a key partner for us on our journey to help our customers of all sizes transform their businesses and ensure they are truly prepared for the future. We are pleased to expand this partnership to include FNBO and offer this small business credit card to our customers at a time when we know they are looking for new ways to expand their business, manage costs and maximize the use of new technologies to solve the challenges to drive growth ”.
Chiro Aikat is the Executive Vice President of Products and Engineering in North America at Mastercard and added: “The owner of a small business today is looking for smarter, more relevant and personalized digital financial products that accelerate their operations and make our lives easier. We are proud to expand our relationship with Verizon and FNBO to connect the small business segment with technology and significant benefits. “
Executive Vice President of FNBO Partner Jerry Jerry O’Flanagan spoke of his bank as the card issuer and said, “FNBO has a rich history of helping small businesses grow and to be successful, so we’re excited to partner with a brand as respected as Verizon in launching its first small business program. ”
Features and benefits of bonus
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 businesses. Provides access to Microsoft Advertising, Zoho Social and Zoho Marketing Pal. Cardholders will also have access to the Digital Diagnostic Assessment and Mastercard’s Digital Doors program.
The Verizon Business Mastercard is also activated without contact. Once the card is approved, cardholders can start shopping immediately, either online, from the app, or at the point of sale.
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Image: Mastercard