Elan Financial Services  ̶  EFT Processing - A unique approach to EFT


Elan Financial Services (www.elanfinancialservices.com) is
positioned to quickly respond to the rapidly changing EFT processing environment. With their unique approach to EFT Alternate Delivery Channels, encompassing ATMs, EFT processing and specialty cards, Elan has vertically integrated all of the areas associated with EFT delivery systems. Elan operates a single, state-of-the-art switch, providing extremely high quality services at significantly lower prices than their competition.

A Major Player Offering Significant Savings

The combined Elan networks rank as the 2nd largest network terminal driver with over 25,000 ATMs in all 50 states and one of the nation's largest transaction switches, processing over 350 million transactions annually. Over 3.4 million ATM and debit card users rely upon the network for complete card issuance and transaction authorization services.

Cheaper, Better, Greater Functionality

Elan differentiators: vertical integration of all of your EFT delivery systems enhances cost effectiveness - (EFT switch, ATM facilities management program, specialty card programs)

Why Elan can operate so much cheaper: single state-of-the-art platform, "no expensive legacy systems."

Competitive Advantage for Banks with Limited ATMs

The creation of MoneyPass, which is Elan's very rapidly growing surcharge-free network was announced in mid November 2003 and already has 10,000 participating ATMs and over 125 participating financial institutions. Participating in the MoneyPass network allows banks to offer reciprocal surcharge-free ATM access at an expanding number of locations ­ a very popular customer service.

Before your current EFT Processing Agreement comes up for renewal, be sure to contact contact either Gus Kananis at 518-286-9287 or gkananis@nyba.com or Barry Hall at 611-746-6650 or barry.hall@elanfs.com and let us show you how much you can save as a result of moving to the NYBSCO sponsored Elan program.

Want more information?  Contact our Insurance and Member Services Division at 1-800-522-5607 or gkananis@nyba.com.

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