WebBank announced an agreement with American Express to become a card issuer and participant in the American Express network. WebBank will be able to issue credit cards and payment solutions with American Express perks as a result of the agreement. WebBank was chosen by American Express as one of its primary issuing banks focused on the fintech industry.

“WebBank is pleased to have a strategic alliance with American Express that broadens the product offerings that we’re able to make available through our strategic partner platforms,”

“It’s a great example of two industry leading organizations creating value for and through the broader fintech community.”

                                                                           Jason Lloyd, President & CEO of WebBank.

“Integrating WebBank into the American Express ecosystem is another step toward empowering fintechs to offer payment innovations on the Amex network,”

“We look forward to working closely with WebBank to continue expanding the reach of the brand and bringing new benefits to fintechs and consumers.”

William Stredwick, Senior VP and GM, Global Network Services NA, American Express.

WebBank intends to start issuing Amex cards through fintechs later this year.