ICBA Payments, a subsidiary of the Independent Community Bankers of America (ICBA), announced the renewal of its four-decade relationship with Visa.
Together, the organizations are deepening their efforts “to equip local financial institutions with the modern payment tools and support they need to grow and better serve the needs of their customers.”
A principal member for both credit and debit card programs, ICBA Payments has partnered closely together with Visa since its founding “to provide community banks with access to secure, scalable payments solutions that strengthen their ability to compete in an increasingly complex marketplace.”
Under the renewed partnership, ICBA Payments will continue its sponsored card programs with Visa—featuring “contactless-enabled cards, tokenization for digital wallets, and seamless access to Visa’s global network—alongside comprehensive program support, including cardholder communications, marketing and other operational services.”
The partnership also plans to expand – providing “streamlined access to Visa Direct, Visa’s real-time money movement platform, enabling community banks to deliver faster, more flexible payment experiences for consumers, small businesses and commercial clients.”
As the 10th largest debit card issuer and “the 29th largest credit card issuer in the U.S. ICBA Payments represents over $43 billion in credit and debit sales, $913.4 million in outstandings and 10 million cards issued.”
ICBA Payments, a wholly owned subsidiary of the Independent Community Bankers of America (ICBA), has been “managing payments solutions for the nation’s community banks since 1985.”
They help power the potential of ICBA members through payments-related innovation and education to “help community banks navigate the payments ecosystem and select suitable offerings at favorable pricing—helping community banks compete and thrive. ”
