Unity Trust Bank

Unity Trust Bank is a specialist bank for social enterprises, charities, local councils and trade unions. With its award winning customer service and extensive financial services experience, CorporatePay was proud to add to their services with the development of the prepaid Alto Card.

What did CorporatePay do?

CorporatePay worked with Unity Trust Bank (Unity) to provide both a consumer and a corporate card, the Alto card. They key advantage of prepaid cards for Unity is their accessibility, regardless of credit history or whether the cardholder has a bank account.

The ALTO corporate card offers a very similar proposition to CorporatePay's corporate card, providing a solution for expense management, fund distribution or petty cash. The consumer card is offered by Unity to Credit Unions, who in turn offer it to their members as a prepaid alternative to a debit or credit card.

How does this benefit Unity Trust Bank?

The provision of Alto cards allows Unity to broaden its portfolio, allowing it to offer all of its clients a card for managing payments. Simultaneously, Unity is able to build stronger relationships with its clients through this additional service while generating additional revenue.

How does this benefit UTB's clients?

The Alto card offers a range of benefits to all involved: corporate customers, trades unions, Credit Unions and Credit Union members.

The Alto corporate card offers a range of benefits to Unity's clients. Many of Unity's customers are charities, Trade Unions, NGOs and other "third sector" organisations. The Alto card provides them with a convenient and cost effective card payment solution for expenses, petty cash or making supplier payments. The Alto card provides a solution to many of these organisations, who in many instances would not be eligible for, or it would not be appropriate for them to use, a corporate credit or debit card.

The Alto consumer card gives Credit Union members a step towards financial inclusion. In many cases the cardholders do not have alternate bank accounts or credit cards, and these cards provide a way of paying by card and accessing online purchases. The prepaid functionality, along with the online "account" portal and ability to review transactions also provides them with a budgeting and financial management tool.

As well as a range of benefits for the cardholder, Credit Unions benefit from being able to offer their members a greater range of products and services. Not only this, the cards have helped the Credit Unions become more efficient, enabling members to access their shared accounts remotely and therefore reducing the need to service members "on site" and disperse cash.