FOR IMMEDIATE RELEASE
ICBA Bancard Announces Strategic Alliance with Vantiv, Inc. to Offer Clients Additional Credit Card Processing and Merchant Services
Washington, D.C. (Jan. 7, 2013)—ICBA Bancard, the payments services subsidiary of the Independent Community Bankers of America (ICBA), today announced that it is adding Vantiv, Inc. (NYSE: VNTV), a leading provider of payment processing services and related technology solutions for financial institutions and merchants, to its list of strategic alliances which offer ICBA Bancard clients credit card processing and merchant services.
“Credit card and merchant services are critical components of community banks’ payment services,” said Noah Wilcox, ICBA Bancard chairman and president and CEO of Grand Rapids State Bank in Grand Rapids, Minn. “This relationship with Vantiv will undoubtedly help our community bankers meet and exceed their consumer and small business customers’ expectations while strengthening the total banking relationship.”
Vantiv works to take the complexity out of credit card issuing through its easy to implement technology and account management tools so that community banks can focus on the growth of their portfolios. The Vantiv merchant services program provides bankers robust service-levels, including sales and marketing support, assistance in managing payments and capturing new revenue opportunities, 24/7 availability, a dedicated customer support team, and sales and referral reporting.
“Vantiv is proud to work with ICBA Bancard and their membership to help fulfill the needs they have for credit card processing and merchant services,” said Royal Cole, president, financial institution services at Vantiv. “Through the ICBA agreement, we can now extend our reach to even more community bankers and provide them strategic consultation in tailoring solutions that broaden and deepen their relationships with consumers and merchants.”
For more information, visit www.icbabancard.com.
About ICBA Bancard & TCM Bank, N.A.
ICBA Bancard is the wholly owned payment services subsidiary of the Independent Community Bankers of America. ICBA Bancard provides community banks with equitable access to cutting edge credit card options, debit card options, ATM and merchant processing solutions as well as exclusive services including the Fraud Loss Protection Plan, Portfolio Consultations and ACE Analytics program. For more information, visit the ICBA Bancard website at www.icbabancard.com or call (800) 242-4770.