Banking

ICBA Bancard To Offer Banks Access To NYCE Debit Network

ICBA Bancard, the payments services unit of the Independent Community Bankers of America, announced news on Wednesday (Jan. 10) that ICBA Bancard client banks can now access the NYCE Payment Network’s point-of-sale (POS) and ATM debit card services.

In a press release, ICBA Bancard said the NYCE Network provides consumers with secure, real-time access to their money at millions of POS locations and hundreds of thousands of ATM locations around the country. The company noted in the press release that NYCE, which is a unit of FIS, is among the world’s largest global providers of banking and payment services.

“ICBA Bancard is pleased to announce an agreement with the NYCE Payments Network that gives community banks a cost-effective solution for providing their customers with anytime, anywhere access to funds through the largest debit point-of-sale and ATM network in the country,” ICBA Bancard President and CEO Tina Giorgio said in the press release. “Community banks can reap the benefits of this new partnership without switching their ATM or debit card processing.”

This isn’t the only deal ICBA Bancard has reached in the past few months. Back in September, it announced a new partnership with CardinalCommerce. In a press release, ICBA Bancard said that, with the partnership, CardinalCommerce will offer its data-driven consumer authentication solution, which helps reduce online fraud for ICBA Bancard client banks.

“As chip card adoption and online sales increase, fraudsters are looking to the internet for prey, which means that card-not-present (CNP) fraud will continue to rise,” said ICBA Bancard President and CEO Tina Giorgio in a press release. “Taking steps now to protect your community bank and customers is more important than ever. The ICBA Bancard and CardinalCommerce partnership will give community banks the tools they need to combat this trend while smoothly transitioning to 3-D Secure 2.0, which is the newest eCommerce authentication protocol on the market.”

——————————

NEW PYMNTS DATA: HOW WE SHOP – SEPTEMBER 2020 

The How We Shop Report, a PYMNTS collaboration with PayPal, aims to understand how consumers of all ages and incomes are shifting to shopping and paying online in the midst of the COVID-19 pandemic. Our research builds on a series of studies conducted since March, surveying more than 16,000 consumers on how their shopping habits and payments preferences are changing as the crisis continues. This report focuses on our latest survey of 2,163 respondents and examines how their increased appetite for online commerce and digital touchless methods, such as QR codes, contactless cards and digital wallets, is poised to shape the post-pandemic economy.

TRENDING RIGHT NOW