Elan Financial Services and Capital Bank Financial have inked an agreement under which Elan will provide its suite of credit card products and services to the Capital Bank customers.
Under the multi-year agreement, Elan will deliver Capital Bank-branded credit card products, including cards that offer a range of cash, travel and merchandise reward options.
For corporate customers, Capital Bank will provide Elan’s One Card, which allows organisations to combine purchasing, travel and fleet card programmes into a single streamlined payment solution, which helps them to slash expenses and boost efficiencies.
Using One Card, staff can pay for airfare, supplies, fuel and anything else they are authorised to purchase with a single card. One Card is ideal for organisations that process multiple expense categories within a single department.
The new credit card products will be available to Capital Bank customers during the fourth quarter of 2016.
Capital Bank chief technology and operations executive Zahid Afzal said: “This partnership with Elan will allow us to offer exciting credit card solutions and other services that best meet the unique needs of our customers.
“Elan, whose expertise is in the continually evolving payments industry, will manage all the back-end processes. That will allow Capital Bank to continue to focus on providing our customers with the best products and services.”