Temenos forms alliance with Elan Financial Services

Source: Temenos

Temenos (SIX: TEMN), the market-leading provider of mission-critical solutions to the financial services industry, today announces that it has entered into a strategic alliance with Elan Financial Services, a leader in electronic fund transfer (EFT) processing, to provide ATM and debit card processing for Temenos USA customers.

Temenos will leverage Elan's size and long-standing investment in EFT processing, fraud mitigation, and expansive self-service options, coupled with their exemplary customer service reputation, to enable its domestic U.S. customers to take their ATM and debit card programs to the next level. Temenos customers will also benefit from Temenos' technological integration with Elan, which is designed to improve back office efficiencies. Elan Financial Services brings the experience of managing over 4 billion transactions annually, while supporting more than 35,000 ATMs.

David Brasfield, Temenos Regional Director for North America: "Transaction banking as a whole is going through a lot of exciting developments at the moment. We believe innovation within this area will be key to the ongoing digital banking revolution. As a partner and proven leader within debit and ATM card processing, Elan is strategically aligned to provide our clients with innovative solutions that allow them to recognize significant operational efficiency and increased profitability."

Troy Cullen, President of Elan Financial Services: "We are excited to be Temenos' preferred partner for ATM and debit card processing services in the U.S. Our relationship with Temenos' predecessor, TriNovus, dates back to 2000. We look forward to continuing to expand our relationship with them to help accelerate their continued growth and success." 

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