Elan, MasterCard Partnership

Elan Financial Services EFT services, processing more than 4 billion transactions annually, signed an agreement with MasterCard® to adopt their U.S. common Debit Application Identifier (AID) specification for the MoneyPass® Network. The MoneyPass Network, by licensing the common AID, will be able to facilitate U.S domestic debit transactions on the network, including contact or contactless, and surcharge-free ATM transactions.