Registering a balance of nearly USD 30 million, The Park National Banks credit card includes all affiliates regular credit card products, such as VISA Classic, VISA Signature Series, VISA Gold cards and MasterCard. The agreement does not include home equity based VISA cards and allows Park to continue selling and supporting credit card related services, while cards issued by Elan are also to display the local Park affiliate bank brand. Elavon is to purchase Park National Banks merchant bankcard processing portfolio which includes payment processing services for almost 1,700 merchants. Via its partnership with Park National Bank, Elavon provides access to point-of-sale devices, software, e-commerce products, gift card services and electronic check services. The transition of the accounts is to be completed within the first six months of 2009.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now