MINNEAPOLIS--(BUSINESS WIRE)--Elan Financial Services, one of America’s largest payment card providers for financial institutions and a unit of U.S. Bancorp, has partnered with financial-services firm Edward Jones to offer a suite of Edward Jones MasterCard® personal and business credit card products and services to the firm's nearly 7 million clients.
“We’re very pleased that Edward Jones selected Elan Financial Services to provide credit card servicing and support for their clients,” said Pamela Joseph, vice chairman and head of U.S. Bancorp Payment Services. “Our best in class servicing and reward card products complement and enhance Edward Jones’ commitment to providing high quality financial services for their clients in order to help them achieve their goals.”
Edward Jones MasterCard cardholders earn valuable Loyalty Points™ for net dollars spent that can be redeemed for travel, merchandise, gift cards, charitable donations or ChoiceInvest™. ChoiceInvest is a new option which allows clients to redeem points for cash that may be directly deposited into their Edward Jones account.
Cardholders also have access to MasterCard benefits which include a 24-hour concierge service, fraud protection, travel accident insurance and easy cash access.
"Our partnership with Elan allows our financial advisors to more deeply serve our clients by offering three distinct credit card options, which can be tailored to specific spending preferences," said Kirk Leonard, Edward Jones principal responsible for banking solutions. "It's another way we can provide our clients with the personalized service and customized programs they've come to expect with Edward Jones."
Current Edward Jones cardholders are being converted to the new program throughout June and July.
As an agent card partner, Elan Financial Services is dedicated to serving financial institutions with payment products that meet the unique needs of every customer. Elan’s end-to-end solution includes servicing and marketing as well as branch support and sales incentives.
About Edward Jones
Edward Jones provides financial services for individual investors in the United States and, through its affiliate, in Canada. Every aspect of the firm's business, from the types of investment options offered to the location of branch offices, is designed to cater to individual investors in the communities in which they live and work. The firm's 12,000-plus financial advisors work directly with nearly 7 million clients to understand their personal goals -- from college savings to retirement -- and create long-term investment solutions that emphasize a well-balanced portfolio and a buy-and-hold strategy. Edward Jones embraces the importance of building long-term, face-to-face relationships with clients, helping them to understand and make sense of the investment options available today.
Edward Jones, which ranked No. 5 on FORTUNE magazine's "100 Best Companies to Work For 2012," is headquartered in St. Louis. The Edward Jones Web site is located at www.edwardjones.com, and its recruiting Web site is www.careers.edwardjones.com. Member SIPC.
MasterCard (NYSE: MA), www.mastercard.com, is a global payments and technology company. It operates the world’s fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. MasterCard’s products and solutions make everyday commerce activities – such as shopping, traveling, running a business and managing finances – easier, more secure and more efficient for everyone. Follow us on Twitter @MasterCardNews, join the discussion on the Cashless Conversations Blog and subscribe for the latest news.
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 employees are dedicated to helping financial institution clients reduce costs and risks associated with managing and growing their credit card portfolios. For more information call 800-223-7009, or visit www.elanfinancialservices.com.