The Independent Bankers Association of America plans to establish a limited credit card bank by the end of the third quarter of next year to help banks that don't have the desire or the resources to be independent issuers.

The institution will manage the card portfolios and handle risk management issues, such as chargeoffs, fraud, and bankruptcy, through IBAA Bancard Inc., the trade association's 11-year-old card and payment services subsidiary.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.