BIRMINGHAM, Ala., Jan. 22, 2015 /PRNewswire/ -- 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."
About Temenos
Founded in 1993, Temenos is the
market-leading provider of banking software to retail, corporate,
universal, private, microfinance, community banks, credit unions
and wealth managers. Together, TriNovus and Temenos, now known as
Temenos USA, have experience of
implementing in over 1,100 financial institutions. Temenos'
products provide advanced technology and rich functionality,
incorporating best practice processes that leverage Temenos'
expertise around the globe. Temenos customers are proven to be more
profitable than their peers: in the period 2008-2012, Temenos
customers enjoyed on average a 32% higher return on assets, a 42%
higher return on equity and an 8.1% lower cost/income ratio than
banks running legacy applications. For more information
please visit www.temenos.com/en-us.
About Elan Financial Services
Elan Financial Services,
a division of U.S. Bank, provides a complete range of processing
and payments services, including credit card issuing, prepaid card
solutions and ATM and debit card processing. A leading credit card
issuer, Elan also provides transaction processing, terminal driving
and monitoring and support services for more than 35,000 ATMs
nationwide and supports more than 10 million ATM and debit cards.
For more information, visit
www.elanfinancialservices.com.
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SOURCE Temenos
