ICBA Payments, a subsidiary of the Independent Community Bankers of America (ICBA), has extended its collaboration with Visa to enhance community bank payment solutions.
Benefits of Enhanced Collaboration
The renewed partnership aims to provide local financial institutions with modern payment tools and support, aiding their growth and better service delivery for customers.
ICBA Payments has worked alongside Visa since its inception to offer community banks secure and scalable payments solutions, enabling them to compete effectively in a competitive market environment.
Key Components of the Partnership
- contactless-enabled cards;
- tokenisation for digital wallets;
- industry standard 8-digit BINs;
- business BIN optimisation.
Banks upgrading to Mastercard can also benefit from this collaboration. These benefits include:
- leverage the relationship between ICBA Payments and Mastercard for enhanced support and service;
- use Visa Direct, Visa’s real-time money movement platform, to provide consumers, small businesses, and commercial clients with more flexible payment options.
Mastercard’s billing account updater (BAC) ensures smoother transitions for recurring payments. Additionally, banks experience increased profitability during this transition period with minimal disruption.
More Collaborations from ICBA Payments
In March 2025, ICBA partnered with Mastercard to support community banks. This collaboration aimed to assist over 1,000 community banks in modernising and improving their card programs through new features, enhancing the customer experience by upgrading payment methods.
By collaborating with Mastercard, ICBA Payments aims to equip its member banks with secure and cost-effective solutions that enable growth and improved service for their communities. This partnership helps strengthen local economies and foster long-lasting customer relationships.
