WASHINGTON - The Independent Community Bankers of America has renewed its contract for three years with Equifax Payment Services, to provide credit reporting services for its member banks.

Equifax will waive the first year of setup fees and monthly minimums for ICBA members that are not currently using the company.

"In addition to traditional basic credit reporting, we can provide ICBA banks with a new set of financial tools, innovative technologies, and new ways to conduct profitable, growth-oriented business in the 21st century," said Lee Lovvorn, senior vice president of regional sales for Equifax's North American Information Services division.

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