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Illinois Bankers Association Announces Partnership with PAR/WACHA

PAR/WACHA offers exemplary compliance services to IBA members.

This article was originally published in the 2017 November-December edition of Illinois Banker, p. 11.

The IBA Partners with PAR/WACHA

The Illinois Bankers Association has partnered with PAR/WACHA to offer extensive payment and compliance services to its members. PAR/WACHA’s mission is to be the most knowledgeable, responsive and service-oriented payments resource. The company provides leading-edge solutions and ideas through quality products, education and other services. It also offers education, support, audits and other services on payment systems, including faster payments.

“We are happy to welcome the Illinois Bankers Association as a partner,” says Mary Gilmeister, president of PAR/WACHA. “The payments environment is undergoing radical change with new and unforeseen implications from technology, fintech companies, and entirely new processes and procedures. Having knowledge of all payment systems is critical in today’s environment as payments continue to converge. Our mission and goal is to provide outstanding member service through education, advocacy, publications and compliance services. We are proud to say that all of our members think of us as an extension of their staff.”

In celebration of this collaboration, IBA members who join PAR/WACHA’s membership will gain immediate benefits and get the remaining month of 2017 free with paid 2018 membership dues. PAR/WACHA members receive 50 percent off ACH audits and risk assessments in addition to an extensive list of other benefits. You can read all of PAR/WACHA’s membership perks at

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