Eastern Bank Chooses Elan Financial Services to Launch New Credit Card Program

MINNEAPOLIS & BOSTON--(BUSINESS WIRE)-- Eastern Bank, the largest independent, mutually owned bank in New England, has partnered with Elan Financial Services (Elan), the nation’s oldest and most chosen agent card issuer in the United States, to offer a full suite of Eastern Bank Visa® credit cards to customers in its more than 90 branches. The Visa credit cards offer reward options, such as a full one percent cash back, merchandise, gift certificates, as well as great travel selections, for both consumers and businesses.

“Eastern Bank is pleased to partner with Elan Financial Services,” said Ken Dyment, senior vice president, consumer finance director, Eastern Bank. “Elan offers some of the best credit card rewards programs in the industry and its customer service structure will better serve our customers.”

"Eastern Bank’s five-star sales culture and forward thinking approach for branch sales makes this a perfect fit for an Elan partnership,” states Bobby Lawson, vice president and national sales manager for Elan Financial Services. “Eastern Bank understands the importance of emphasizing credit cards as a part of their core offering. Couple this with Elan’s competitive, full service credit card program and the end result is a win-win for Eastern Bank, its customers and Elan.”

As a card issuing partner, Elan Financial Services is dedicated to serving financial institutions with best in class credit card products and rewards that meet the unique needs of every customer. Elan’s end-to-end solution also includes card servicing and marketing as well as branch support and sales incentives. For more information, visit www.elanfinancialservices.com.

About Eastern Bank
Founded in 1818 and based in Boston, Eastern Bank is the largest independent and mutually owned bank in New England, with $7.6 billion in assets and more than 90 branches serving communities from the Merrimack Valley to Cape Cod. Eastern Bank offers banking, investments and insurance all under one roof, and prides itself on working harder to understand its customers’ needs so it can deliver these services in a committed and personal way. Eastern Bank includes Eastern Wealth Management and Eastern Insurance. For more information, visit www.easternbank.com or www.facebook.com/easternbank.

About Elan Financial Services
Elan Financial Services provides a complete range of processing and payments services, including credit card issuing, prepaid card solutions and ATM and debit card processing. Elan Financial Services is a leading credit card issuer for more than 1,700 clients across the United States. It provides transaction processing, terminal driving and the necessary monitoring and support services for over 27,000 ATMs nationwide, and supports more than 20 million ATM and debit cards. Elan also owns and operates the MoneyPass surcharge free ATM network. For more information call 800-343-7064, or visit www.elanfinancialservices.com.

Elan Media RelationsNicole Garrison-Sprenger, 612-303-0731
or
Eastern Bank Public RelationsAndrew Ravens, 781-598-8528
a.ravens@easternbank.com

Source: Elan Financial Services