diff --git a/src/CONST.ts b/src/CONST.ts
index f1d717f697cc..0d671bbba260 100755
--- a/src/CONST.ts
+++ b/src/CONST.ts
@@ -993,6 +993,10 @@ const CONST = {
             CONCIERGE: 'CONCIERGE_NAVIGATE',
         },
         MTL_WALLET_PROGRAM_ID: '760',
+        PROGRAM_ISSUERS: {
+            EXPENSIFY_PAYMENTS: 'Expensify Payments LLC',
+            BANCORP_BANK: 'The Bancorp Bank'
+        }
     },
 
     PLAID: {
diff --git a/src/languages/en.ts b/src/languages/en.ts
index db08b5484ddf..f16097aa03d1 100755
--- a/src/languages/en.ts
+++ b/src/languages/en.ts
@@ -910,7 +910,7 @@ export default {
         phrase2: 'Terms of Service',
         phrase3: 'and',
         phrase4: 'Privacy',
-        phrase5: 'Money transmission is provided by Expensify Payments LLC (NMLS ID:2017010) pursuant to its',
+        phrase5: `Money transmission is provided by ${CONST.WALLET.PROGRAM_ISSUERS.EXPENSIFY_PAYMENTS} (NMLS ID:2017010) pursuant to its`,
         phrase6: 'licenses',
     },
     validateCodeForm: {
@@ -1213,10 +1213,10 @@ export default {
                 'several minutes. The fee is 1.5% of the transfer amount (with a minimum fee of $0.25).',
             fdicInsuranceBancorp:
                 'Your funds are eligible for FDIC insurance. Your funds will be held at or ' +
-                'transferred to The Bancorp Bank, an FDIC-insured institution. Once there, your funds are insured up ' +
-                'to $250,000 by the FDIC in the event The Bancorp Bank fails. See',
+                `transferred to ${CONST.WALLET.PROGRAM_ISSUERS.BANCORP_BANK}, an FDIC-insured institution. Once there, your funds are insured up ` +
+                `to $250,000 by the FDIC in the event ${CONST.WALLET.PROGRAM_ISSUERS.BANCORP_BANK} fails. See`,
             fdicInsuranceBancorp2: 'for details.',
-            contactExpensifyPayments: 'Contact Expensify Payments by calling +1 833-400-0904, by email at',
+            contactExpensifyPayments: `Contact ${CONST.WALLET.PROGRAM_ISSUERS.EXPENSIFY_PAYMENTS} by calling +1 833-400-0904, by email at`,
             contactExpensifyPayments2: 'or sign in at',
             generalInformation: 'For general information about prepaid accounts, visit',
             generalInformation2: 'If you have a complaint about a prepaid account, call the Consumer Financial Protection Bureau at 1-855-411-2372 or visit',
diff --git a/src/languages/es.ts b/src/languages/es.ts
index 4b5623aef268..3860c34f6ef1 100644
--- a/src/languages/es.ts
+++ b/src/languages/es.ts
@@ -906,7 +906,7 @@ export default {
         phrase2: 'Términos de Servicio',
         phrase3: 'y',
         phrase4: 'Privacidad',
-        phrase5: 'El envío de dinero es brindado por Expensify Payments LLC (NMLS ID:2017010) de conformidad con sus',
+        phrase5: `El envío de dinero es brindado por ${CONST.WALLET.PROGRAM_ISSUERS.EXPENSIFY_PAYMENTS} (NMLS ID:2017010) de conformidad con sus`,
         phrase6: 'licencias',
     },
     validateCodeForm: {
@@ -1231,10 +1231,10 @@ export default {
                 'transferencia (con una tarifa mínima de $ 0.25). ',
             fdicInsuranceBancorp:
                 'Sus fondos son elegibles para el seguro de la FDIC. Sus fondos se mantendrán en o ' +
-                'transferido a The Bancorp Bank, una institución asegurada por la FDIC. Una vez allí, sus fondos ' +
-                'están asegurados a $ 250,000 por la FDIC en caso de que The Bancorp Bank quiebre. Ver',
+                `transferido a ${CONST.WALLET.PROGRAM_ISSUERS.BANCORP_BANK}, una institución asegurada por la FDIC. Una vez allí, sus fondos ` +
+                `están asegurados a $ 250,000 por la FDIC en caso de que ${CONST.WALLET.PROGRAM_ISSUERS.BANCORP_BANK} quiebre. Ver`,
             fdicInsuranceBancorp2: 'para detalles.',
-            contactExpensifyPayments: 'Comuníquese con Expensify Payments llamando al + 1833-400-0904, por correoelectrónico a',
+            contactExpensifyPayments: `Comuníquese con ${CONST.WALLET.PROGRAM_ISSUERS.EXPENSIFY_PAYMENTS} llamando al + 1833-400-0904, por correoelectrónico a`,
             contactExpensifyPayments2: 'o inicie sesión en',
             generalInformation: 'Para obtener información general sobre cuentas prepagas, visite',
             generalInformation2: 'Si tiene una queja sobre una cuenta prepaga, llame al Consumer Financial Oficina de Protección al 1-855-411-2372 o visite',
diff --git a/src/pages/EnablePayments/TermsPage/ShortTermsForm.js b/src/pages/EnablePayments/TermsPage/ShortTermsForm.js
index 4c3bfb7eaf61..8bc4e9a9d80a 100644
--- a/src/pages/EnablePayments/TermsPage/ShortTermsForm.js
+++ b/src/pages/EnablePayments/TermsPage/ShortTermsForm.js
@@ -21,7 +21,7 @@ function ShortTermsForm(props) {
         <>
             <Text style={styles.mb5}>
                 {Localize.translateLocal('termsStep.shortTermsForm.expensifyPaymentsAccount', {
-                    walletProgram: props.userWallet.walletProgramID === CONST.WALLET.MTL_WALLET_PROGRAM_ID ? 'Expensify Payments' : 'The Bancorp Bank',
+                    walletProgram: props.userWallet.walletProgramID === CONST.WALLET.MTL_WALLET_PROGRAM_ID ? CONST.WALLET.PROGRAM_ISSUERS.EXPENSIFY_PAYMENTS : CONST.WALLET.PROGRAM_ISSUERS.BANCORP_BANK,
                 })}
             </Text>