News & Events
Elan Financial Services Adds Fifteen New Clients in Third Quarter
MINNEAPOLIS (Dec. 8, 2008) - Elan Financial Services signed agreements with fifteen new financial institutions during the third quarter of 2008 to provide a full range of credit card services to customers and members.
Elan purchased the credit card portfolios of six financial institutions, and will launch new programs for nine other financial institutions. Some of Elan’s new partners include Columbia River Bank (The Dalles, Ore.), DNB First, N.A. (Downingtown, Pa.), Equity Bank (Dodge Center, Minn.), First National Bank (Orrville, Ohio), Freestar Bank, N.A. (Pontiac, Ill.), Home Federal Bank of Tennessee (Knoxville, Texas), Indiana Bank & Trust Company (Columbus, Ind.), Lakelands Federal Credit Union (Greenwood, S.C.), Parkside Financial Bank & Trust (Clayton, Mo.), Security Bank & Trust (Paris, Tenn.) and Security State Bank of Marine (Marine on St, Croix, Minn.).
“While some companies have wavered in their commitment to the agent market, Elan continues to focus on delivering partnership options for financial institutions,” said Jeff Chernivec, senior vice president and market director for sales and business development at Elan. “Even as the economic conditions have changed, we are continuing to invest in marketing and infrastructure on behalf of our partners.”
“Credit cards continue to represent a real opportunity for financial institutions and significant growth potential still exists,” Chernivec added. “With the right partner, financial institutions can drive significant revenue through marketing credit cards while removing the risk”
With more than 1,700 financial institution partnerships in place, Elan Financial Services is one of the nation’s leading providers of complete outsourced solutions with a focus on payments and card processing. Services include end-to-end credit card, debit, merchant and ATM programs, regional and surcharge-free networks, technology leasing, lending programs and correspondent services. Elan provides card management, fraud monitoring, reporting and marketing tools to more than 3,000 financial institutions with round-the-clock client support and a unique Service Guarantee. Elan provides complete technology solutions with a unique industry perspective. For more information, call 1-800-343-7064.