GLOBAL CASH CARD™ ADDS U.S. BANK / ELAN FINANCIAL SERVICES AS AN ISSUING BANK

Posted by mnmandell

Apr 14, 2007 4:15:00 PM

Global Cash Card™, the proven specialist in customized paycard solutions that are simple to implement and easy to use is adding U.S. Bank/Elan Financial Services as an issuing Bank.

World Processing, Ltd., the parent of Global Cash Card™, was recently certified as a direct processor and issuer on the U.S. Bank/Elan Financial Services Network.

Richard Elliot, Chief Technology Officer of Global Cash Card™ and World Processing, Ltd., commented "By implementing our unique, dynamic rules based processing engine on the U.S. Bank/Elan Financial Services Network, we have accomplished a milestone that represents a major leap forward in our reach, flexibility and scalability."

"We will be issuing VISA Prepaid cards through U.S. Bank/Elan Financial Services and are pleased that we now can offer customers a choice of VISA or MasterCard® through our alliance with multiple banks" stated J.F. Purcell, President and C.E.O. of World Processing, Ltd. and Global Cash Card™.

About Global Cash Card™

Global Cash Card™, a leader in electronic payment systems, provides ATM and MasterCard™ Debit Cards along with "turnkey systems" to corporations and individuals for a variety of applications. The Global Cash Card™ program enables cardholders to use the card for numerous financial applications such as payroll disbursements, expense reimbursements, incentive payments and travel reimbursements, as well as many others. For more information, visit www.globalcashcard.com.

About U.S. Bank

U.S. Bancorp (NYSE: USB), with assets in excess of $219 billion, is the 6th largest commercial bank in the United States. The company operates 2,472 banking offices and 4,841 ATMs, 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, which assures customers of certain key banking benefits and services or customers will be paid for their inconvenience. Visit U.S. Bancorp on the web atusbank.com.

About Elan Financial Services, a Wholly Owned Subsidiary of U.S. Bank

Elan Financial Services is a transaction management partner, who is a single source for a wide range of financial solutions for consumer and business customers, as well as financial institutions. These services include payment and lending solutions, as well as a wide choice of outsourcing programs. Visit www.elanfinancialservices.com.

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