March 17, 2015
SIOUX FALLS, South Dakota, March 17, 2015 - Demonstrating Capital Services' ability to generate strong-performing card assets for its financial institution clients, the company's servicing portfolio grew 30 percent in 2014, the company announced today.
The growth, which exceeded Capital Services' goal, included the addition of two clients, as well as solid organic growth, said Chuck Hendrickson, CEO.
"The biggest reason for our growth is our ability to generate strong-performing card assets," Hendrickson said. "The ideal client for us is a financial institution that really understands how their bottom line can be enhanced through the strong return on assets that we deliver, year over year. The returns that our clients see on these card assets outweigh those that they are receiving from other investment vehicles."
Capital Services, founded in 1998, focuses on asset origination, creating successful payment programs and then using sophisticated tools to analyze those programs, managing them to maximize return on assets.
The Capital Services approach starts with proprietary score cards that are built from its ViPRSM profitability system. Capital then has the ability to monitor and manage portfolios at an account level basis. With this visibility, a financial institution can leverage granular information to make high probability decisions to maximize performance.
"The Capital Services difference is that we leverage the power in the card assets. That is, we focus on the fundamentals of acquisition costs and key performance indicators and fit the right product to the right offer," Hendrickson said. "Our ability to develop and implement account management and retention strategies provided increased return on assets in 2014 for our clients' card portfolios across the board."
Hendrickson estimated growth of about 20 percent for Capital Services for 2015.
Capital Services is an innovative payment portfolio management and servicing company that creates, evolves, and services profitable payment programs in partnership with our clients. Focused on financial strength, we have successfully originated and managed card assets for more than 670,000 accounts from numerous financial institutions. Capital Services began operation in 1998 with a focus on the management and servicing of credit card portfolios. The company was built by executives with years of experience in the financial services and credit card industries and has grown beyond credit cards to include a full range of payment products and services. For more information, visit www.Capitalsvcs.com.
500 E. 60th Street North• Sioux Falls, SD 57104• 605.782.3300 © 2019 Capital Card Services, Inc.. All Rights Reserved.