Largest Mastercard Latin America Prepaid Corporate Issuer’s expansion into North America is announced
London, England, August 2, 2017– Choice Bank Ltd., an international bank chartered in Belize, announced today the launch of its USA based organization, Choice Financial International (CFI), an entity chartered in Puerto Rico, offering financial and payment solutions for corporations.
Now with US-based operations, Choice is able to provide corporate payment solutions through CFI for clients offering programs into the United States more cost-effectively than ever before with major reductions in or elimination of cross-border fees.
“Dealing with more than 1,600 corporate accounts worldwide and with upwards of 270,000 corporate prepaid cards in circulation, we are well prepared to expand our payment solutions into North America.” stated Robert Cummings, Founder and CEO.
Choice currently manages approximately $850M in GDV with Mastercard, through 18 global program managers, with cardholders in more than 190 countries in a dozen currencies. “Program Managers are the heart of our business and we have already seen great interest in the US option. In fact, one existing and one new Program Manager have already signed up to launch programs via CFI”, advises Rob Anderson, EVP.
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