The board of Illinois Bankers Business Services, the for-profit division of the Illinois Bankers Association, has approved an exciting new preferred vendor partnership with Approval Payment Solutions (APS) to provide customers digital and merchant services solutions. Merchant processing or credit card acceptance can be a deciding factor in what separates a struggling business from a successful one. Banks are in an enviable position because of their close relationships to their commercial customers, as well as an interest in those businesses being as prosperous as possible. Whether it’s opening up a brick-and-mortar to include online shopping, allowing municipalities to accept cost-neutral credit card payments, or safeguarding customer information with in-house Payment Card Industry (PCI) security standards, a partnership with a reliable merchant processing provider solidifies community merchants to their bank.
Through this new partnership, banks will have access to a best-in-class merchant program that provides them:
- Greater income potential with revenue shares 2-3 times what most other providers offer
- Opportunities to maintain and deepen commercial customer relationships
- In market representatives to work with the bank’s customers and offer product expertise on their behalf
- Products to fit almost any business type, including those historically not supported by other providers, such as municipalities, non-profits, and business-to-business
- Access to a full suite of digital marketing services to assist community banks in making the most of their market
“We are extremely excited about this relationship,” expressed Brian Hoffman, President of Illinois Bankers Business Services. “APS’ commitment to providing cutting-edge digital and merchant products, as well as outstanding customer service, provides a real and tangible benefit to our bank partners of all sizes.”
Approval Payment Solutions offers a complete menu of electronic payment solutions to banks of every size and type. They are a full-service provider, offering an all-inclusive solution for the payment processing needs of any business.
For more information, contact:
President, Illinois Bankers Business Services
APS Rep Contact info
Director of Strategic Partnerships
Approval Payment Solutions