The directors of IBANCO determined that bringing the various international networks together into a single network with a single name internationally would be in the best interests of the corporation

In 1976, the directors of IBANCO determined that bringing the various international networks together into a single network with a single name internationally would be in the best interests of the corporation; however, in many countries, there was still great reluctance to issue a card associated with Bank of America, even though the association was entirely nominal in nature.