Bend by FNBO, a new credit card-as-a-service (CaaS) solution from First National Bank of Omaha (FNBO) bringing modern API-embeddable co-branded credit products to digital brands and fintechs, announces its first credit card partner, Greenlight®, the leading family fintech company on a mission to help parents raise financially-smart, independent kids. FNBO and Greenlight launched the Greenlight Family Cash Mastercard®, the first credit card for parents to invest for their family’s future with up to 3%* unlimited cash back on every purchase.
Backed by nearly 165 years of financial experience, Bend by FNBO offers deep subject matter expertise, flexible economics, storied program management and DIY UI/UX via open API services for credit cards to offer plug-and-play financial services that can integrate seamlessly into existing environments. Through curated partnerships with payment providers, including Marqeta, this solution allows brands to partner with the experience of a nationally chartered bank, while unlocking flexibility through modern technology that allows for customization and embeddable card experiences.
“We are thrilled to support Greenlight with their first credit card offering for their customers,” says Marc Butterfield, SVP, Head of Bend by FNBO. “Launching this card program was highly collaborative with Greenlight, the Bend by FNBO team, Marqeta and our partners. This pioneering card product will be extremely beneficial for families looking to prepare for their futures, as saving for the long-term is becoming increasingly difficult.”
The Greenlight Family Cash Card brings parents a new way to earn rewards and save for their family’s future, offering an industry-first combination of up to 3%* unlimited cash back on every purchase and automatic investing of rewards. Cash back rewards can be invested in stocks and ETFs to propel savings for college or other family goals. Alongside investing, parents also have the flexibility to choose to redeem rewards as a statement credit toward their balance or deposit directly into their Greenlight debit account.
“At Greenlight, we’re dedicated to helping parents build healthy financial futures for their families,” shares Chris Halaschek, Chief Product Officer at Greenlight. “With the new Greenlight Family Cash Card, issued by First National Bank of Omaha, we’re proud to bring parents a new way to earn industry-leading rewards with up to 3%* cash back and invest for their family’s future.” Parents can apply and learn more about the Greenlight Family Cash Card here.
“Mastercard is thrilled to come together with Bend by FNBO for the launch of Greenlight’s innovative card program, helping families learn and practice positive money habits,” adds John Levitsky, EVP, North America at Mastercard. “We’re happy to help bring value in every transaction through our cyber security solutions, digital benefits and Mastercard’s unmatched Priceless Experiences.”
For additional information on Bend by FNBO, visit bendbyfnbo.com.
*Earn 3% when you spend at least $4,000 in a billing cycle, 2% when you spend at least $1,000 but less than $4,000 in a billing cycle and 1% when you spend less than $1,000 in a billing cycle. See the Credit Card Rewards Terms and Conditions for details, including earning, redemption, expiration or forfeiture.
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 www.bendbyfnbo.com for more information.
First National Bank of Omaha is a subsidiary of First National of Nebraska. First National of Nebraska and its affiliates have nearly $30 billion in assets and 5,000 employee associates. Primary banking offices are located in Nebraska, Colorado, Illinois, Iowa, Kansas, South Dakota, Texas and Wyoming. Learn more at fnbo.com and connect with us on Facebook, Twitter and Instagram.
About Greenlight
Greenlight Financial Technology is the family fintech company on a mission to help parents raise financially-smart, independent kids. Its product, Greenlight, is an award-winning banking app, complete with a debit card for kids and teens, cash back credit card for parents and safety features for the whole family. Parents can automate allowance, manage chores, set flexible spend controls and invest for their family’s future. Kids and teens learn to earn, save, spend wisely, give and invest with parental approval. Together, families can also stay safe and connected with location sharing, SOS alerts and crash detection with automatic 911 dispatch to get help if they need it.
The Greenlight Debit Card is issued by Community Federal Savings Bank, member FDIC, pursuant to license by Mastercard International. The Greenlight Family Cash Card is issued by First National Bank of Omaha (FNBO®), member FDIC, pursuant to license by Mastercard International. Greenlight Investment Advisors, LLC, an SEC Registered Investment Advisor, provides investment advisory services to its clients. Investing involves risk and may include the loss of principal. Greenlight is a financial technology company, not a bank. The Greenlight app facilitates banking services through Community Federal Savings Bank, Member FDIC. For more information, please visit: greenlight.com.
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