Elan Financial Services has renewed its contract with Laconia Savings Bank in Laconia, N.H., to provide a wide range of financial services for five years. Laconia Savings Bank, with $650 million in assets, has been with Elan since 1989.
Elan Financial Services will drive Laconia Savings Bank’s 22 ATMs and process its customers’ electronic funds transfer (EFT) transactions and Master Card transactions. Elan will also provide fraud management reporting and alerts through its FraudWatch product. FraudWatch detects fraud as the debit card transaction is occurring, thereby preventing financial loss to the institution and reducing cardholder disputes.
Elan Financial Services supports more than 10,000 ATMs, and 12 million cards, for 3,000 financial institutions with a complete range of products and services including credit card issuing, ATM, debit card, and merchant processing. Elan provides full-service support and management tools that are offered uniquely through a single source.
Elan is part of Minneapolis-based U.S. Bancorp (NYSE:USB). With assets in excess of $171 billion, U.S. Bancorp is the 8th largest financial services holding company in the United States and operates the third largest bank-owned ATM network. Visit U.S. Bancorp on the web at [www.usbank.com].