Applied Card Systems Snapshot
Applied Card Systems is the servicing arm for Applied Bank, a subprime consumer lender that issues secured and unsecured credit cards to customers with little or no credit history. Applied Card Systems processes payments from and provides customer service to more than 500,000 holders of subprime Visa and MasterCard accounts. Applied Card Systems also services credit card accounts for third-party issuers, primarily small and midsized financial institutions. Chairman Rocco Abessinio is the founder of both Applied Card Bank and Applied Card Systems, which was formed in 1987. The company has offices in Florida and Pennsylvania.
