Independent Bankers Bank Selects NOVA as Merchant Processing Partner.NOVA to Service 5,800 Merchants for 162 IBB IBB International Broadcasting Bureau (US government) IBB Institute of Biochemistry and Biophysics IBB Islamic Bank of Britain IBB I'll Be Back IBB Intentional Base on Balls Member Banks ATLANTA -- NOVA Information Systems Nova Information Systems is a major US processor of credit card transactions and a subsidary of Us Bancorp. NOVA and its european division euroConex boast an expanding global reach that delivers merchant processing in more than 30 countries and supports the payment needs of more (NOVA), a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of U.S. Bancorp  This article or section needs copy editing for grammar, style, cohesion, tone and/or spelling.You can assist by [ editing it] now. (NYSE NYSE See: New York Stock Exchange :USB USB in full Universal Serial Bus Type of serial bus that allows peripheral devices (disks, modems, printers, digitizers, data gloves, etc.) to be easily connected to a computer. ), announced that it has entered into an alliance marketing agreement with Independent Bankers Bank (IBB). NOVA will provide processing services, customer service and support operations to more than 5,800 merchants of IBB's member bank network. Merchant services will be marketed through 162 referral and correspondent banks throughout Florida, Georgia and Alabama. The credit and debit card debit card, card that allows the cost of goods or services that are purchased to be deducted directly from the purchaser's checking account. They can also be used at automated teller machines for withdrawing cash from the user's checking account. processing volume from this agreement is expected to exceed $600 million annually. The conversion of existing merchants is expected to be completed by June 1, 2007. "We selected NOVA as a processing partner based on their reputation for excellence and their commitment to outstanding customer service," said Jim McKillop, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , IBB. "NOVA's track record in successful partnerships with leading financial institutions will enhance our bank members' ability to provide expanded processing services to merchants at a very competitive price and allow our member banks to grow market share." "NOVA continues to prove the value of its powerful alliance referral model and we are pleased that IBB has put their trust in us," said Stuart C. Harvey, Jr., president, NOVA. "We are confident that IBB merchants will find our product portfolio rich with solutions to help their businesses." About Independent Bankers Bank Independent Bankers Bank (IBB) is a state chartered Federal Reserve Member Bank organized to provide financial services to Community Banks. Chartered since 1983, we provide Credit, Investment, Payment and Audit/Consulting services to over 310 community financial institutions throughout Florida, Georgia and Alabama. IBB is committed to providing correspondent services that keep community banks strong and competitive in today's market. For more information please visit www.ibbfla.com. About NOVA NOVA Information Systems, a leader in the payment processing industry is a wholly owned subsidiary of U.S. Bancorp (NYSE:USB). Combined, NOVA and its affiliates First Horizon Merchant Services, euroConex and Elan provide global merchant processing services to financial institutions and clients in the United States, Canada, and Europe. NOVA offers integrated payment processing services to more than 1,000,000 merchants worldwide. For more information, visit www.novainfo.com. |
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