Fiserv acquires Elan Financial

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Fiserv acquires Elan Financial

Fiserv acquires Elan Financial from U.S. Bancorp for $690M

  • Fiserv Inc. has acquired the ATM and debit card services unit of Elan Financial Services, which is based in Milwaukee
  • Fiserv is a US provider of financial services technology and clients include banks, thrifts, credit unions, securities broker dealers etc
  • The acquisition will help the growth of card services business by expanding its suite of solutions in key areas such as ATM managed services
  • Elan’s MoneyPass is the second largest surcharge-free network in the US with access to 33,000+ ATMs nationwide
  • Fiserv will offer Elan clients additional services, including risk management solutions, Accel debit payments network and enhanced debit platform capabilities
  • The transaction will close in Q4 2018