Preferred Service Provider
Preferred Service Provider (PSP): Indiana Bankers Association
infotex is a Preferred Service Provider for the Indiana Bankers Association (IBA). Headquartered in Indianapolis, the IBA is a statewide association representing banks and thrifts in Indiana that provides quality professional leadership in fostering profitability and viability to its membership.
“A PSP is a special category of membership under the general heading of Associate Membership. The amount of due diligence performed by the IBA is more extensive and there is a greater cost for such membership status. Specifically, the major requirements & conditions are as follows:
- Dun & Bradstreet Business Report is analyzed on payment records & legal reviews.
- There is an independent third party review of all audited or unaudited financial reports.
- Internal IBA review of the value of members discounts and rebates.
- There will be reference checks made to at least 3 bank members who have previously done business with the applicant.
- Final review of all data is summarized and presented to the Association CEO and to the appropriate Board of Directors.”
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