BROOKFIELD, Wis. — Fiserv, Inc.'s (Nasdaq: FISV) EFT/CNS unit has signed a seven-year extension of a joint marketing agreement with ICBA Bancard, the electronic payment services subsidiary of the Independent Community Bankers of America (ICBA).
Under the agreement, ICBA Bancard will continue to offer Fiserv EFT/CNS ATM and debit card processing services to its membership, and Fiserv will continue to market ICBA's Visa and MasterCard debit program sponsorship to mutual customers.
The agreement continues a business relationship between Fiserv EFT/CNS and ICBA Bancard that began in 1995.
"Our association with Fiserv EFT/CNS has been extremely beneficial to community banks," said David Hayes, chairman of ICBA Bancard and president/CEO of Security Bank, Dyersburg, Tenn. "Through Fiserv, we are able to introduce leading EFT capabilities directly to our participating banks."
ICBA Bancard, a wholly owned subsidiary of the Independent Community Bankers of America, has provided more than 2,000 community banks with equitable access to an array of payment system products and services since 1985.
Fiserv EFT/CNS serves 3,000 clients across the United States, representing financial institutions of all sizes. EFT/CNS operates more than 16,500 ATMs, and owns the ACCEL/Exchange Network. EFT/CNS currently processes approximately 360 million ATM and debit transactions per month.
