July 21, 2011 12:00 PM Eastern Daylight Time
MINNEAPOLIS & TROY, Mich.--(BUSINESS WIRE)--Elan Financial Services, the nation’s leading agent credit card issuer, has partnered with Flagstar Bancorp, Inc. (NYSE: FBC), the holding company for Flagstar Bank, FSB, to offer its customers a robust, Flagstar Bank-branded credit card program.
“Partnering with Elan to launch a new line of credit cards will help us to deliver a full suite of retail products for our customers”
With this new partnership, Flagstar Bank cardholders will benefit from a variety of credit card products with rewards options, such as a full one percent cash back feature, merchandise, gift certificates or travel rewards. Special features will also be available for small business cardholders, including rewards for every dollar spent and tools to track and manage their expenses.
“Partnering with Elan to launch a new line of credit cards will help us to deliver a full suite of retail products for our customers,” said Michael Tierney, executive vice president and Midwest market president for Flagstar Bank. “We think customers will love the benefits and enjoy the ease and flexibility of our new credit cards.”
“We’re excited to leverage our experience as a full-service card issuer to bring Flagstar Bank a dynamic credit card program for the customers it serves,” said Jeff Chernivec, senior vice president and market development director at Elan Financial Services. “Our strength and long-term history as a provider of credit card program solutions, together with Flagstar’s desire to provide best-in-class products and service to its customers, make this a solid partnership.”
Elan Financial Services, a full-service credit card issuer, is dedicated to serving financial institutions with best-in-class credit card products and rewards that meet the unique needs of every customer.
About Flagstar Bancorp
Flagstar Bancorp, with $13 billion in total assets, is the largest publicly held savings bank headquartered in the Midwest. At March 31, 2011, Flagstar operated 162 banking centers in Michigan, Indiana and Georgia and 29 home loan centers in 14 states. Flagstar Bank originates loans nationwide and is one of the leading originators of residential mortgage loans. For more information, visit www.flagstar.com.
About Elan Financial Services
Elan Financial Services provides a complete range of processing and payments services, including credit card issuing, prepaid card solutions and ATM and debit card processing. Elan Financial Services is a leading credit card issuer for more than 2,000 clients in 50 states. It provides transaction processing, terminal driving and the necessary monitoring and support services for over 27,000 ATMs nationwide, and supports more than 20 million ATM and debit cards. Elan also operates the MoneyPass surcharge free ATM network. For more information call 800-343-7064, or visit www.elanfinancialservices.com.
