News

Elan, Infonox partner for multifunction ATM deployment

April 25, 2007

ST. PAUL, Minn.- Infonox and Elan Financial Services have partnered to develop a multifunction ATM that allows consumers to perform multiple financial transactions, including bill payment, deposits from remote locations, cashing payroll checks, transferring funds, and buying money orders and prepaid cards.

Through the Pass+ ATM/kiosk line, financial institutions, independent sales organizations and retailers can use Infonox's Active Payment Platform in conjunction with transaction processing from Elan. The PASS+ comes preloaded with Infonox's software.

"We see a huge market opportunity in offering solutions to our client base to help them deliver a variety of kiosk-based financial services," said Janet Estep, president of Elan Financial Services. "With declining ATM-transaction volumes, new delivery methods become necessary for tapping into new revenue and new service offerings from different transaction types and new customer segments."

According to a news release, the line is the first "plug-and-play," end-to-end system certified with back-end service providers that provide the functionality and services. Elan provides marketing, back-office, cash management, EFT processing, settlement services, and vendor management. Infonox provides the software, device management and driving, switching, monitoring and support functions.

"We are pleased that Elan Financial Services and Infonox will work together to expand their reach and take a leadership position in the emerging self-service kiosk market," said Safwan Shah, president and chief executive of Infonox.