Webster Financial Corporation : Webster Bank and Elan Financial Services Launch New Credit Card Program
05/08/2012| 10:49am US/Eastern
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WATERBURY, Conn. and MINNEAPOLIS, Minn. (May 7, 2012) - Elan Financial
Services (Elan) and
Webster Bank have partnered to offer consumers and
businesses a robust suite of
Webster Bank Visa credit cards that will include reward
options such as a full one percent cash back, merchandise,
gift certificates or travel rewards. The new card
program is now available throughout the four-state footprint
from White Plains, N.Y., to Boston, Mass., as part of
Webster's superior customer service and product value.
With six consumer and six business credit card options,
Webster Bank can now provide customers with better rates,
better rewards and more product choices to best fit personal
and professional needs. Webster's diverse range of
customers will now be able to take advantage of a full suite
of card products that includes Signature Rewards and
Signature Elite for private banking customers.
"Strategically growing credit card programs with
market-leading, financial institutions, like Webster Bank, is
representative of the expertise that Elan has been developing
for many years," said Matt Carpenter, senior vice president
and market director for Elan Financial Service. "Financial
institutions feel confident selecting Elan as their
full-service credit card issuer because of Elan's commitment
to providing their cardmembers with industry-leading products
and services, while providing back-end benefits, such as
high-impact marketing solutions and a commitment to
supporting branch personnel, in order to maximize the
effectiveness of the program."
"Webster is pleased with this customized approach to best fit
our customer's financial needs and their business' vision,"
said John Weeks, director of unsecured lending for Webster
Bank. "Elan's experience, partner support, and flexibility to
offer us this customized solution based on the strategic
requirements of our institution, and most importantly, our
customer base, were integral in helping us make this
decision."
As an agent card partner, Elan Financial Services is
dedicated to serving financial institutions with credit card
products that meet the unique needs of every customer.
Elan's end-to-end solution includes card servicing and
marketing as well as branch support and sales incentives.
About Webster Bank
Webster Financial Corporation is the holding company for
Webster Bank, National Association. With $19 billion in
assets, Webster provides business and consumer banking,
mortgage, financial planning, trust and investment services
through 168 banking offices, 466 ATMs, telephone banking,
mobile banking, and the Internet. Webster Bank owns the asset
based lending firm Webster Business Credit Corporation; the
equipment finance firm Webster Capital Finance Corporation;
and provides health savings account trustee and
administrative services through HSA Bank, a division of
Webster Bank. Member FDIC and equal housing lender. For more
information about Webster, including past press releases and
the latest annual report, visit the Webster website at www.websterbank.com.
About Elan Financial Services
Elan Financial Services is one of America's oldest and
largest agent credit card providers for financial
institutions. For over 46 years, Elan has delivered a partner
centric approach, best-in-class products and an unwavering
commitment to service for more than 1,700 financial
institutions in 50 states. Elan's base of more than 2,000
employees are dedicated to helping financial institution
clients reduce costs and risks associated with managing and
growing their credit card portfolio's.www.elanfinancialservices.com.
Contacts:
Teri Charest, Elan Media Relations
(612) 303-0732, teri.charest@elanfs.com
Sarah Barr, Webster VP External Communications
(203) 587-2287, sbarr@websterbank.com
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