Open Solutions and Elan Financial enter joint marketing partnership

Source: Open Solutions

Open Solutions Inc. (NASDAQ: OPEN), a provider of integrated enabling technologies for community financial institutions across the United States and Canada, has signed a strategic partnership agreement with Elan Financial Services by which Elan will supply ATM and debit processing solutions to Open Solutions' clients.

As part of this partnership, Open Solutions will also be able to refer clients to Elan for credit card programs and merchant services.

"Having the opportunity to partner with and provide Open Solutions' clients a wide array of payment processing solutions is a mission that Elan is looking forward to fulfilling," said Jan Estep, EVP and business manager of Elan Financial Services. "Open Solutions' focus on service and helping its clients function more competitively closely aligns with Elan's client support strategy. By offering innovative transaction processing solutions, along with access to the nation's fastest growing surcharge-free ATM network, Open Solutions and Elan can better meet the needs of financial institutions and help them garner and serve a greater share of the financial services market."

"Open Solutions relies on the strength of outsourcing partners such as Elan to enable our clients to reduce their operating expenses, increase their processing efficiency and support their strategic vision," said Mike Nicastro, SVP, marketing and product management for Open Solutions. "Elan has demonstrated a strong commitment to quality and an understanding of the unique needs of financial institutions. We believe our clients, as well as their customers and members, will benefit from access to the robust mix of financial products and services that Elan provides and we welcome this partnership."

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