Latest news with #ICBAPayments
Yahoo
4 days ago
- Business
- Yahoo
Visa Renews ICBA Deal to Strengthen Its Hold on Community Banks
Visa Inc. V, a global leader in digital payments, announced the renewal of its 40-year partnership with ICBA Payments, a fully owned subsidiary of the Independent Community Bankers of America ('ICBA'). By providing secure, modern payment solutions and dedicated support, the partnership helps community banks grow, enhance customer service, and strengthen the communities they serve. As part of the renewed partnership, ICBA Payments will continue its Visa-backed card programs featuring contactless technology, digital wallet tokenization, and global network access, along with full support in marketing, communications, and operations. Looking ahead, the partnership will expand access to Visa Direct, enabling more flexible payments for consumers, businesses, and commercial clients. With a strong track record as one of the top card issuers in the United States, issuing 10 million cards, managing $913.4 million in balances, and processing over $43 billion in card sales, ICBA Payments has earned Visa's trust as a reliable partner in delivering secure, flexible payment solutions that support community banks. Apart from deepening its presence in the U.S. financial system, this partnership with ICBA Payments offers Visa steady fee income from community bank card usage and broader access to underserved markets. It strengthens long-term issuer relationships and creates cross-selling opportunities for Visa to offer services like tokenization, fraud protection, and data analytics. These offerings enhance Visa's revenue potential while solidifying its position as a preferred provider of modern payment infrastructure. Can Mastercard and AmEx Catch Up to Visa in Community Banking? Mastercard Incorporated MA had also expanded its presence in community banking through a partnership with ICBA Payments. The primary objective of Mastercard is to enhance payment experiences by equipping community banks with advanced technology, enabling them to offer more modern, secure, and convenient options to their customers. Meanwhile,American Express Company AXPpartners with regional and community banks, such as First National Bank of Omaha and US Bank, to issue American Express-branded credit cards. These collaborations enable banks to expand their offerings and offer customers premium features, valuable rewards, and enhanced financial flexibility. Visa's Price Performance, Valuation and Estimates Over the past year, Visa's shares have gained 10.7% outperforming the industry and the Zacks S&P 500 Composite. Visa YTD Price Performance Image Source: Zacks Investment Research From a valuation standpoint, V trades at a forward price-to-earnings ratio of 28.1, up from the industry average of 21.8. Visa carries a Value Score of D. Image Source: Zacks Investment Research The Zacks Consensus Estimate for Visa's fiscal 2025 earnings implies 12.9% growth year over year, followed by a 12.5% increase next year. Image Source: Zacks Investment Research The stock currently carries a Zacks Rank #2 (Buy).You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Mastercard Incorporated (MA) : Free Stock Analysis Report Visa Inc. (V) : Free Stock Analysis Report American Express Company (AXP) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Errore nel recupero dei dati Effettua l'accesso per consultare il tuo portafoglio Errore nel recupero dei dati Errore nel recupero dei dati Errore nel recupero dei dati Errore nel recupero dei dati
Finextra
5 days ago
- Business
- Finextra
ICBA Payments renews Visa deal
ICBA Payments, a subsidiary of the Independent Community Bankers of America® (ICBA), today announced the renewal of its four-decade relationship with Visa. 0 This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. 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. 'This renewed collaboration reflects our shared commitment to enhancing the delivery of leading-edge payment products and services that align with the mission and model of community banking,' said Jacob Eisen, CEO of ICBA Payments. 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. 'Visa is proud to be the trusted network for more than 80% of ICBA member banks,' said Bill Dobbins, senior vice president and head of U.S. enablement at Visa. 'Our longstanding partnership with ICBA Payments is grounded in our shared values and a deep belief in the power of local communities. Together, we're helping community banks deliver modern, secure financial experiences that drive economic opportunity and strengthen the neighborhoods they serve.' 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.
Business Wire
6 days ago
- Business
- Business Wire
ICBA Payments and Visa Renew Partnership Supporting Community Bank Payments
WASHINGTON--(BUSINESS WIRE)--ICBA Payments, a subsidiary of the Independent Community Bankers of America® (ICBA), today 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. 'This renewed collaboration reflects our shared commitment to enhancing the delivery of leading-edge payment products and services that align with the mission and model of community banking,' said Jacob Eisen, CEO of ICBA Payments. 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. 'Visa is proud to be the trusted network for more than 80% of ICBA member banks,' said Bill Dobbins, senior vice president and head of U.S. enablement at Visa. 'Our longstanding partnership with ICBA Payments is grounded in our shared values and a deep belief in the power of local communities. Together, we're helping community banks deliver modern, secure financial experiences that drive economic opportunity and strengthen the neighborhoods they serve.' As the 10th largest debit card issuer and the 29 th 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. About ICBA Payments 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. We 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. For more information, visit About Visa Visa (NYSE: V) is a world leader in digital payments, facilitating transactions between consumers, merchants, financial institutions and government entities across more than 200 countries and territories. Our mission is to connect the world through the most innovative, convenient, reliable and secure payments network, enabling individuals, businesses and economies to thrive. We believe that economies that include everyone everywhere, uplift everyone everywhere and see access as foundational to the future of money movement. Learn more at
Yahoo
21-03-2025
- Business
- Yahoo
Mastercard courts community banks
This story was originally published on Payments Dive. To receive daily news and insights, subscribe to our free daily Payments Dive newsletter. Mastercard has forged a new partnership with the Independent Community Bankers of America's payments subsidiary in an effort to sell its services to some of that entity's 1,400 financial institution members, the card network said this week. Mastercard, the second-largest U.S. card network behind Visa, is pitching upgraded payments technology services to the banks, which in turn would allow the banks to offer their customers more modern contactless card, digital wallet and fraud prevention services. ICBA Payments is a for-profit subsidiary of the ICBA non-profit trade association parent. 'By partnering with Mastercard, we're equipping our member banks with innovative, secure, and cost-effective solutions that empower them to support and grow the neighborhoods they serve,' ICBA Payments CEO Jacob Eisen said in a March 17 Mastercard press release regarding the new alliance. Mastercard is making its services available to all of ICBA Payments members, though the transition to its services will start with "several hundred" of the banks, a spokesperson for the card network said. The spokesperson declined to say how many community banks the card network currently works with. Major U.S. financial institutions, such as JPMorgan Chase, the largest U.S. bank, dominate the banking industry, but there are thousands of smaller banks across the U.S., totaling about 9,000 institutions overall. Increasingly, smaller banks have struggled to keep up with the fast-paced evolution of bank and payments technologies, as their larger rivals advance by spending heavily on new digital and real-time systems. Some smaller banks have struck partnerships with fintechs to try to stay competitive with their peers. Community banks are defined by the Federal Reserve as those with less than $10 billion in assets, and regional banks as those with $10 billion to $100 billion, according to the Fed's website. Under the new services, ICBA Payments' banks will have access to 'contactless plastics, tokenization to digital wallets, and industry standard 8-digit BINs and business BIN optimization,' according to the release. ICBA Payments has had an existing relationship with Mastercard, as well as Visa, for credit and debit card issuance, a spokesperson for the association said. The new tie to Mastercard is an expansion of that prior relationship, the spokesperson said. ICBA Payments members jointly have about 10 million credit and debit cards outstanding, making the banks, collectively, the 10th-largest issuer of debit cards and 29th-largest issuer of credit cards in the U.S., according to the release. As part of the partnership with Purchase, New York-based Mastercard, ICBA Payments will shift its 'sponsored card programs to Mastercard' as the card network handles all the communication and marketing for members, the release said. Clarification: This story has been updated to make clear that Mastercard's expanded tie is to ICBA Payments, a for-profit subsidiary of the non-profit trade association parent ICBA. Recommended Reading Wise, VizyPay target US hiring Sign in to access your portfolio
