News

Elan Financial Services offers new outsourcing solution to help FIs meet compliance deadlines

September 28, 2004

ST. PAUL, Minn. - Elan Financial Services is working to help financial institutions to keep their ATMs in compliance with federal and network regulations by offering new outsourcing services.

According to a news release, Elan is offering a solution that allows FIs to choose one of two options: a turnkey outsourcing plan in which Elan owns and maintains the ATM; or a modified outsourcing plan in which the FI owns the ATM and contracts with Elan for certain services.

This outsourcing program reduces the burden that many small and mid-sized financial institutions face in replacing or upgrading their ATMs to comply with mandates such as Triple DES, Unique Encryption Key and the ADA.

In addition to replacing or upgrading the ATMs, Elan will provide transaction processing services, first- and second-line maintenance, ATM monitoring, cash and deposit management and a range of other functions.

"Our ATM outsourcing program puts financial institutions in the position to optimize their investment and truly exceed client expectations while they comply with challenging new regulations," said Jan Estep, executive vice president and business manager for Elan. "This comprehensive program can provide the latest in technology while reducing operating costs and improving performance."

For more information call 800-343-7064 or visit elanfinancialservices.com.