News Release - US Bank

U.S. Bank Purchases Genpass, Inc. and subsidiaries – Page 2
U.S. Bank, through Elan Financial Services, has more than 35 years experience in providing
payment products and services to financial institutions.
Genpass, founded in 2000, is one of the largest EFT service providers in the United States.
Genpass operates the MoneyPass, Moneymaker and MONEY BELT EFT Networks. Four
operating divisions provide end-to-end EFT network and processing solutions to clients
throughout the country. Genpass offers a full array of the most technologically advanced
traditional EFT product offerings including: ATM driving and monitoring services; cash
management and prediction services; EFT transaction processing services; cardholder
authorization processing services; settlement, reporting and reconcilement services; card
services; and full service advanced ATM support. Also, Genpass is the only EFT Network to
offer ATM maintenance services through the Service Solutions division.
Elan Financial Services supports more than 7,700 ATMs, 15 million ATM/POS cards, and
two million credit cardholders with a complete range of products and services including
credit card issuing, ATM, debit card, and merchant processing. Elan offers a full range of
ATM services to financial institutions and, independent sales organizations including
authorization processing, terminal driving and switching services. These are conducted
through a wide array of network options with all the necessary card management and support
functions creating an easy to manage card program for financial institutions. Elan also
provides membership in the Fastbank ATM network, which includes deposit-sharing ATM
locations and Fastbank Free, the surcharge-free option. The more than 2,500 clients of Elan
enjoy full-service support and management tools, which are secured with a unique Service
Guarantee. For more information call 1-800-343-7064 or visit elanfinancialservices.com.
U.S. Bancorp, with $198 billion in assets, is the 6th largest financial holding company in the
United States. The company operates 2,377 banking offices and 4,654 ATMs in 24 states,
and provides a comprehensive line of banking, brokerage, insurance, investment, mortgage,
trust and payment services products to consumers, businesses and institutions. U.S. Bancorp
is home of the Five Star Service Guarantee in which the company pays customers if certain
key banking benefits and services are not met. Visit U.S. Bancorp on the web at usbank.com.
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