Today, Verizon Business announced that it is teaming up with
Mastercard and First National Bank of Omaha (FNBO) to launch a
credit card designed to bring value to small business owners. In
the coming weeks, existing Verizon Business wireless customers with
less than 100 lines and an online account will be eligible to apply
for the Verizon Business Mastercard®, which rewards purchases on
everyday business expenses such as eligible office supplies,
technology, fuel, and more.
"Mastercard has been a key partner to us on our journey to help
our customers of all sizes transform their businesses and ensure
they are truly future-ready,” said Tami Erwin, CEO of Verizon
Business. “We are pleased to expand this partnership to include
FNBO and bring this small business credit card to our customers at
a time when we know they are seeking new avenues to expand their
business, manage costs and maximize their use of new technologies
to solve challenges to drive growth.”
Here is how it works:
The Verizon Business Mastercard®, which is issued by FNBO, will
allow small business owners who apply and are approved to earn and
redeem Verizon Business Dollars toward devices or accessories for
their business. Benefits and features of the card will include:
- Earn Rewards on Eligible
Business Purchases*: Earn 5% back on
Verizon purchases, like paying your Verizon bill or buying devices
from Verizon, during your first billing cycle after account
opening;1 3% back on Verizon purchases after your first billing
cycle;1 2% back on eligible gas; electronic vehicle charging and
office supplies;2 and 1% back on other purchases.3
- Get More for Your Business: Earn Verizon
Business Dollars on eligible business purchases and redeem them
later toward new devices or a Verizon Business wireless bill.
- New Cardholder Bonus: Eligible Verizon
Business customers who apply and are approved will receive $50
toward their credit card statement after their first purchase on
the card* (maximum one bonus per business account).
- No Annual
Fee4: The Verizon
Business Mastercard® has no annual fee or foreign transaction
fees.4
- Fill Your Digital Toolbox: The Verizon
Business Mastercard® features World Elite Mastercard for Business®
benefits to help small business owners reach new audiences and grow
their businesses, including access to Microsoft Advertising, Zoho
Social and Zoho Marketing Pal.5
- Assess Your Digital Footprint: Cardholders
will have access to Mastercard’s Digital Diagnostic assessment and
Digital Doors program, which provides always-on resources for small
business owners to set up shop online, grow and manage their
business, accept payments, and keep their business protected.
- Safe & Secure Payments Experience: The
Verizon Business Mastercard® is contactless enabled. Upon approval
for the card, cardholders can begin making purchases immediately
online, in app, and at the point of sale after adding it to their
mobile wallet.
- Experience Peace of
Mind: The Verizon Business Mastercard® offers Mastercard
ID Theft Protection™, Zero Liability6 and Price Protection, in
addition to 24/7/365 Global Emergency Services.5
This new offering is the result of a multifaceted partnership
between Verizon Business and Mastercard to help provide solutions
for the global payments and commerce ecosystems. The global leaders
continue to work together to couple Verizon’s 5G connectivity with
the power of the Mastercard network. Today’s announcement
complements Verizon’s network-as-a-service foundation and supports
its core areas of growth and innovation across mobility, nationwide
broadband, mobile edge computing and business solutions, the value
market and network monetization.
“Today’s small business owner is looking for smarter, relevant,
and customized digital financial products that accelerate their
operations and make their lives easier,” said Chiro Aikat,
Executive Vice President, Products & Engineering, North America
at Mastercard. “We’re proud to extend our relationship with Verizon
and FNBO to connect the small business segment through meaningful
technology and benefits.”
“FNBO has a rich history of helping small businesses grow and
succeed, so we are excited to partner with such a respected brand
as Verizon on the launch of their first program for small
business,” said Jerry J. O’Flanagan, Executive Vice President,
Partner Segment at FNBO.
To find out if your business is eligible to apply for the
Verizon Business Mastercard® when it officially launches, visit
http://verizon.com/business-mastercard-comingsoon.
ABOUT VERIZON
Verizon Communications Inc. (NYSE, Nasdaq: VZ) was formed on
June 30, 2000 and is one of the world’s leading providers of
technology and communications services. Headquartered in New York
City and with a presence around the world, Verizon generated
revenues of $133.6 billion in 2021. The company offers data, video
and voice services and solutions on its award-winning networks and
platforms, delivering on customers’ demand for mobility, reliable
network connectivity, security and control.
ABOUT FNBO
First National Bank of Omaha (FNBO) is a leader in the credit
card partnership arena, with partners in a variety of industries
including retail, travel, entertainment, automotive, oil,
nonprofits and more. For over 60 years, FNBO has specialized
in providing comprehensive credit card programs with personalized
service to help its customers achieve their goals. Visit
card.fnbo.com for more information.
ABOUT MASTERCARD (NYSE: MA)
Mastercard is a global technology company in the payments
industry. Our mission is to connect and power an inclusive, digital
economy that benefits everyone, everywhere by making transactions
safe, simple, smart and accessible. Using secure data and networks,
partnerships and passion, our innovations and solutions help
individuals, financial institutions, governments and businesses
realize their greatest potential. Our decency quotient, or DQ,
drives our culture and everything we do inside and outside of our
company. With connections across more than 210 countries and
territories, we are building a sustainable world that unlocks
priceless possibilities for all. www.mastercard.com
*For the Credit Card rewards program, see the Rewards Terms and
Conditions in the Summary of Credit Terms. Percent back equates to
points earned. Rewards redemptions are available online, over the
phone or via select retail locations. Please allow up to 8 weeks
after you qualify for the statement credit offer for it to be
applied to your Account. Promotions and rewards only available on
purchases made directly from Verizon. Verizon Business Dollars are
earned for every purchase of goods and/or services made by you or
any authorized user on your credit card account, excluding refunds,
credits (for returned merchandise or otherwise), and disputed
billing items (each a “Net Purchase”).
115% back in Verizon Business Dollars for Net Purchases made on
the Card at a Verizon operated store, Verizon online, over the
phone with a Verizon representative or at an exclusive Verizon
Authorized Retailer within the first credit card billing cycle
after account opening and 3% back after that. Verizon purchases
include purchases of devices, accessories, and the payment of your
Verizon Wireless bill and/or Verizon Wireline bill.
22% back in Verizon Business Dollars for qualifying Net
Purchases on the Card of eligible gas, electric vehicle charging,
and office supplies.
31% back in Verizon Business Dollars for all other eligible Net
Purchases made on the Card wherever Mastercard is accepted.
4For additional information about Annual Percentage Rates
(APRs), fees and other costs, please see the Summary of Credit
Terms provided at time of application.
5See your Guide to Benefits when you become a cardmember for
details.
6Certain terms, conditions and exclusions apply. To learn more
about Zero Liability, visit mastercard.com/zeroliability.
Cards are issued by First National Bank of Omaha (FNBO®),
pursuant to a license from Mastercard International Incorporated.
Mastercard is a registered trademark, and the circles design is a
trademark of Mastercard International Incorporated.© 2022
Verizon
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Verizon Claudia
Russoclaudia.russo@verizon.com201-400-5325
Mastercard Biz
Cozine914-414-1876biz.cozine@mastercard.com
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