Benzinga | Mar 29, 2021 08:53AM EDT

Esquire Financial Holdings Announces Partnership With InComm Payments To Offer Serve American Express Card For Social Security Disability Claimants

Esquire Financial Holdings, Inc. (NASDAQ:ESQ) ("Company"), the financial holding company for Esquire Bank, National Association ("Esquire"), today announced that Esquire has signed an exclusive agreement with InComm Payments, a global leading payments technology company, to offer prepaid card services under the Serve(r) brand for Social Security Disability Insurance ("SSDI") payments. InComm Payments became the exclusive distributor of American Express's prepaid reloadable and gift card products in the U.S. and acquired the Serve(r) technology platform in 2018. The Serve(r) product offered as part of the agreement with Esquire will be a Serve(r) Card issued by American Express.

"Serve is a best-in-class technology solution for open-loop, reloadable prepaid cards," stated Andrew C. Sagliocca, President & CEO of Esquire. "This partnership will allow us to transform Social Security Disability Insurance payments from check to prepaid cards for our law firms' clients, as well as other supporting services."

"Coupling Serve's technology with Esquire's legal distribution network and related businesses will revolutionize the options available to Esquire's partners," said Dave Etling, SVP of InComm Healthcare and InCentives at InComm Payments. "Esquire has mapped out opportunities to improve the types of payments available to its partners, and this partnership will help remedy inefficiencies that exist in the market today, benefiting those who need it the most."

For more information about Esquire, visit esquirebank.com. For more information about Serve, visit serve.com.