FOR IMMEDIATE RELEASE
ICBA Bancard Enters into Merchant Referral Agreement with FIS, Inc.
Washington, D.C. (Feb. 28, 2013)—ICBA Bancard, the payments services subsidiary of the Independent Community Bankers of America (ICBA), has entered into a referral agreement with FIS™, the world’s largest provider of banking and payments technology, for merchant services. New FIS merchant services offerings will include point-of-sale equipment and terminal support, electronic draft capture and batch processing, and ACH settlement. The new arrangement will also include a gift card and loyalty program.
“Operating a profitable merchant services program in today’s heavily regulated and highly complex environment is very challenging,” said Noah Wilcox, ICBA Bancard chairman and president and CEO of Grand Rapids State Bank in Grand Rapids, Minn. “The good news is that through ICBA Bancard’s arrangement with FIS, community banks can offer a robust card merchant service program at no cost and with no liability. It’s a win-win.”
“We are excited to provide ICBA members with a robust set of merchant services through our referral model,” said Jim Johnson, senior vice president, FIS. “FIS and ICBA are committed to delivering the solutions and services that enable ICBA member banks to succeed with their customers and remain competitive in the markets they serve. That is the cornerstone of our 28-year partnership.”
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.
About FIS, Inc.
FIS (NYSE: FIS) is the world’s largest global provider dedicated to banking and payments technologies. With a long history deeply rooted in the financial services sector, FIS serves more than 14,000 institutions in over 100 countries. Headquartered in Jacksonville, Fla., FIS employs more than 35,000 people worldwide and holds leadership positions in payment processing and banking solutions, providing software, services and outsourcing of the technology that drives financial institutions. First in financial technology, FIS tops the annual FinTech 100 list, is 425 on the Fortune 500 and is a member of Standard & Poor’s 500® Index. For more information about FIS, visit www.fisglobal.com.