IBAA Bancard Inc. has signed the 80th community bank to its electronic banking division.

IBAA launched the division in 1995 in partnership with Fiserv EFT.

"Community banks are realizing that their profitability hinges on their ability to provide consumers with modern banking technology," said David Ballweg, chairman, IBAA Bancard.

Mr. Ballweg added that IBAA Bancard provides these banks with marketing expertise and cost-effective program rates.

Currently, the program has 155,000 accounts in 28 states, producing nearly 500,000 transactions per month.

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