US Bank to sell card processor Elan

Elan provides card processing services to 1,800+ US banks. This includes payments services, credit card issuing, prepaid card solutions and ATM and debit card processing.

It also provides transaction processing, terminal driving and monitoring and support services for more than 34,000 ATMs across the US and supports more than 13 million ATM and debit cards.

Finastra, FIS and Fiserv have all been busy in paytech and bankingtech – and the deal would naturally strengthen their payments capabilities and deal a blow to any rival. Read More..

Source :Bankingtech

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2018-12-29T14:50:06+05:30September 11th, 2018|Categories: Big Data, Cards, Data, FIAKS daily, Finance, Fintech & Technology, Mastercard, Payment, Payment Gateway, Technology|Tags: |0 Comments

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