First Bankcard, WebstaurantStore Team On Cards
First Bankcard, which is a division of the First National Bank of Omaha (FNBO), is working alongside WebstaurantStore and will offer three new credit card options aimed at consumers and small businesses, a press release said on Thursday (May 6th).
The cards include the Visa Webstaurant Rewards card, the Visa Business Webstaurant Rewards card and the Restaurant Store Visa Business card, the statement said.
“With both consumer and small business card offerings, we are able to reward our loyal customers with more benefits than ever before,” said Paige Diehm, director of financial reporting, WebstaurantStore. “We are delighted to partner with FNBO to lead the customer-centric solutions industry in the credit card market.”
WebstaurantStore is a private, online cooking business that offers commercial grade kitchen supplies, equipment, and other related products.
The Visa Rewards card and Visa Business Rewards card will provide customers with shopping rewards, special fundraising offers and a 2,500 point bonus, valued at $ 25, after their first purchase with the card.
The statement said the difference between the two is whether the card will be used to support a business. The Webstaurant Rewards Visa Business Card offers cardholders an additional 2% rebate for every dollar spent on office supplies and gasoline, as well as 1% per dollar for every dollar on other purchases.
The Restaurant Store, a subsidiary of the WebstaurantStore and a “premier source for catering supplies and equipment,” has 11 locations in the mid-Atlantic region. This card also offers similar rewards and bonuses for cardholders, including 3% cash back per dollar spent at the Restaurant Store.
Noam Wolf, CEO of foodservice management company MarketMan, spoke to PYMNTS in 2019 about restaurants’ reliance on paper checks, which is often made even more complicated when payment functions take place outside a back office. This can lead to less visibility.
Restaurants also have special B2B service needs, including the need to be able to pay part of an invoice based on the goods they have received, rather than paying a full lump sum.