Bankers Association of America, announced a new affiliation with the Massachusetts Independent Bankers Association. Massachusetts joins 31 other state associations in endorsing IBAA Bancard's credit and debit card programs for community banks. Thirty percent of the IBAA-member banks in Massachusetts participate in the IBAA Bancard program as card issuers. IBAA Bancard said its interest rates are 2% below large national issuers. Nearly 2,000 IBAA Bancard member banks in 49 states have issued more than two million cards. Cardholder sales volume exceeded $2 billion in 1994.

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