FOR IMMEDIATE RELEASE
ICBA Bancard and FIS Extend Agreement
Washington, D.C. (July 25, 2011)—ICBA Bancard, the payment-services subsidiary of the Independent Community Bankers of America (ICBA), has extended its relationship with FIS™, the world’s largest provider of banking and payments technology, through a multi-year agreement. The relationship with FIS gives ICBA’s community bank members the opportunity to offer their customers the common-sense credit cards and merchant products and services that are indicative of community banks.
“ICBA Bancard is pleased to extend its successful relationship with FIS so ICBA Bancard program members can continue to offer the valuable credit and merchant products and services their customers have come to expect,” said John H. Buhrmaster, chairman of ICBA Bancard and president of 1st National Bank of Scotia, Scotia, N.Y.
“Since we began working with FIS over 25 years ago, our community bank clients have realized benefits that have allowed them to either enter or stay in the credit card marketplace—an important move that keeps community banks competitive in the banking sector and allows them to serve the unique credit needs of their local consumer and business customers,” said Linda Echard, president and CEO of ICBA Bancard.
The new agreement goes into effect immediately and includes flexible pricing options and state-of-the-art service level agreements.
“We are thrilled to work with ICBA Bancard members to ensure they are able to offer credit and merchant products to their customers,” said Frank D’Angelo, executive vice president, FIS Payment Solutions Group. “We strive to ensure community banks have the tools they need to be successful in this space and look forward to continuing this partnership with ICBA Bancard and its members through 2016.”
For more information about ICBA Bancard, visit www.icbabancard.org.