Press Release

New head of Elan Credit Card solutions brings extensive banking and payments experience to top credit card issuance provider

Elan Financial Services, a division of U.S. Bank that provides agent banking credit cards to more than 1,200 financial institution partners, announced today that Peter Klukken has been named head of the Elan Financial Services credit card team. Klukken’s responsibilities at Elan will include driving profitable growth, deepening relationships with financial institution partners and enhancing customer experiences.

Klukken’s career spans 25 years in financial services including most recently serving as general manager for Fiserv’s Money Network business, preceded by more than two decades at U.S. Bank, where he held several senior leadership roles in Payment Services. Earlier in his career, Klukken played a pivotal role growing Elan Financial Services in a position leading Elan Product Management and Marketing.

“I’m extremely excited to return to Elan in this leadership position,” said Klukken. “At Elan, our dedication to partners and our focus on delivering end-to-end products and technology that enable our client’s revenue growth have positioned us as a leader in the card industry for more than 50 years. That’s a tremendous accomplishment, and it’s an honor to be here.”

Elan continues to make investments to help partners remain competitive. Most recently, the redesigned Elan Credit Card app introduced 100 new card management features and is one example of how Elan demonstrates its commitment to digital optimization and a more personalized experience for cardmembers. The app has been celebrated by cardholders, earning an overall rating of 4.8 out of 5 stars via more than 90,000 user reviews.