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Executive Overview

Creative Card Solutions LLC
a Financial Consulting Company
The financial services industry is continuing to evolve; products including implementation and management of those products are being outsourced to private parties. Bank “agents” now manage services that were exclusively controlled by banks. These dual roles bring new ideas, product vision and benefits for all involved. However, it also brings new risks, a myriad of questions, and the need for “creative solutions”. A fine line must be drawn and maintained that gives the agent a reasonable amount of control, while the bank maintains ultimate authority.

Creative Card Solutions provides help to Financial Institutions to address issues they may have when considering the sponsorship of agents to market and sell bank products,

This includes:
  • Information needed to manage underwriting guidelines, due diligence, regulatory issues, network requirements, cardholder security, processing, reports and ultimately bank sponsorship
  • Assistance with the intricate details of implementation that are unknown or overlooked during times of change.

For financial institutions entering these markets for the first time it is not a matter of handing off certain elements to be completed by the agent, without knowledge, staff, or experience, in many circumstances, the entire product is outsourced. An untenable position for risk management, the networks and the regulator since the bank has first line liability.

With either circumstance, Creative Card Solutions can be a valuable partner to provide assistance with an existing product or a new idea that will bring additional fee income and create a new profitable department for the bank.

 

Creative Card Solutions
Marilyn Kilcrease
 mkilcrease@earthlink.net 

(951) 302-3342
(951) 515-0012 mobile
(215) 895-9510 fax

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