Elan Signs Up Four CU Clients
MINNEAPOLIS–Elan Financial Services has signed agreements with four new credit unions in the first quarter of 2008, adding more than $40 million in card balances to Elan’s portfolio.
Elan purchased existing portfolios from three CUs while launching a new program with one. The company said the new credit union clients operate in Alabama, California, Idaho, Illinois, Iowa, Michigan, Nebraska, Nevada, New York, Ohio, South Carolina, Texas, West Virginia and Wisconsin.
For info: www.elanfinancialservices.com.
Jack Henry Marks 720 FI Clients
MONETT, Mo.–Jack Henry & Associates Inc. reported that its Remote Deposit Capture solution has now been selected by 720 financial institutions. The solution enables commercial customers to scan, submit and deposit checks electronically without leaving their place of business. Approximately 11,000 merchants are represented by the participating financials. The Remote Deposit Capture solution supports virtually any commercial entity that accepts checks as a form of payment, the company said.
For info: www.jackhenry.com.
Florida, California CULs Team Up
TALLAHASSEE, Fla.–KNOWMORE, the educational department of the Florida CU League, said it is partnering with the California CU League to offer additional learning opportunities through eTrain, a series of educational web seminars. The 2008 program will consist of 26 web seminars starting in April. The cost of each connection for affiliated members is $169.
For info: www.fcul.org.
White Paper On Loyalty Released
SOUTH JORDAN, Utah–With research showing membership in loyalty reward programs in the U.S. at 1.3 billion, some four times the population, Allegiance has released a new white paper that examines whether the programs “actually create customer loyalty, or are they just a bribe for repeat business? And what happens when rewards are no longer given out, do customers stay?” The paper is titled “Buying Loyalty: Do Rewards Programs Translate into Customer Engagement.”
For info: www.allegiance.com.
Minn. Life Earns Strong Rating
ST. PAUL, Minn.–A.M. Best Co. has affirmed the financial strength rating of A+ (Superior) and the issuer credit ratings (ICR) of “aa” of Minnesota Life Insurance Co. (Minnesota Life) and its subsidiary, Securian Life Insurance Co. Similarly, Chicago-based Fitch Ratings has affirmed the insurer financial strength (IFS) ratings of Minnesota Life Insurance and Securian Life.
