Silicon Valley Bank, the premier bank for companies in the technology, life science, venture capital, and premium wine industries, has announced that it will be making the first chip-enabled credit cards for businesses in the US. The cards, which use an embedded microchip to store a cardholder’s personal information more securely, have been used in Europe and Asia for years. It was only a matter of time before some introduced the cards in to the US business market and it just makes sense that Silicone Valley Bank would be the one to do it.
"Providing our clients innovative products and services that they need to expand their business globally is a critical priority for us," said Bruce Wallace, Chief Operations Officer, SVB Financial Group. "Chip-enabled cards provide a new level of security and convenience for our clients with international operations that need a holistic card program as a strategic component of their payables strategies."
Silicon Valley Bank offers a comprehensive suite of financing solutions, treasury management, corporate investment and international banking services to its clients worldwide. Business credit cards offer companies the ability to streamline their cash flow, lower costs through improved efficiencies, and earn valuable rewards and discounts, but there are a lot of card options on the market these days. By becoming the first US bank to offer chip-enabled business credit cards, Silicon Valley Bank has begun to separate itself from the pack.
Those who are interested in learning more about the card should visit svb.com
As always, stay tuned for more of the latest credit card news and updates.
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