Elan Financial Services Signs ATM Depot, Inc. for ATM and Processing Vault Cash Services

Elan Financial Services, a leader in EFT services, processing over 4 billion transactions per year, announced today that it has signed an agreement with ATM Depot, Inc., one of the leading providers of ATM services and machines, to provide ATM processing and vault cash services for more than 300 ATMs in their portfolio.

ISOs and IADs across the country are leveraging Elan’s size and long-standing investment in ATM processing technology, program management and client support services, which translates into lower fees. Elan Financial Services brings the experience of managing over $1billion in vault cash in more than 29,000 ATMs.

Outsourcing vault cash services to a third-party provider is a growing trend with ATM ISOs and IADs. By outsourcing vault cash services these organizations no longer have to limit their growth by tying up funds rather than using those funds to invest in expansion. Funding ATMs via a vault cash provider also can allow deployers to expand beyond its capability to physically service its network.

"We are very pleased to be working with Elan Financial Services for vault cash services and ATM processing,” said Adnan Abu-Own, co-owner of ATM Depot, Inc. “By outsourcing vault cash services to a trusted industry provider we are optimizing our working capital which will allow us to reinvest in our company and grow our business.”

"We are extremely excited to be ATM Depot’s preferred partner for vault cash and ATM processing services,” said Steven Gernes, VP ISO - Sales & Relationship Management for Elan Financial Services. "ATM Depot is a strong and respected ISO in the ATM industry and Elan Financial Services is looking forward to helping accelerate their continued growth and success.”

About ATM Depot, Inc.
ATM Depot, Inc. provides ATM services and machines. It sells new, used, and wireless ATMs. The company also provides ATM replacement parts and supplies, such as paper rolls, signs, and upgrades. It offers online monitoring, ATM purchasing and leasing, placements, technical support, cash loads, Internet-based reporting, and repair and services. The company serves grocery and convenience store chains, universities, state and county fairs, and the hotel and restaurant industry, as well as corporate office facilities of Fortune 500 companies in Texas, Oklahoma, Minnesota, Colorado, Nebraska, Iowa, and Missouri.

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 34,000 ATMs nationwide and supports more than 37 million ATM and debit cards. For more information, visit www.elanfinancialservices.com.