Elan Financial Services news and trends

Budgeting Benefits Help Banks Appeal to 23% of Consumers Who Don’t Have Credit Cards
Credit Cards // June 21, 2023

If you’re reading this, chances are you have a credit card, as nearly 200 million Americans do — with many holding more than one. And those cards are getting more use than ever, especially in this current economic environment. “People use credit based on the...

Gen Z, Millennials Use Credit Cards 30% More Than the Average Cardholder
Credit Cards // May 09, 2023

Inflation is pushing credit card spending to new heights as consumers increasingly use cards to pay for daily expenses. PYMNTS’ latest study reveals that one-third of United States cardholders increased their credit card spending in the last six months, with the higher cost of living...

Credit Card Issuers Can’t Wait a Lifetime to Show Gen Z Value
Credit Cards // March 15, 2023

The best way to establish a lifetime-value banking relationship is by engaging young adult consumers. And the best way to engage those members of today’s younger generational cohorts is by providing the digital-first experience they’ve increasingly come to expect. That’s according to Matt Good, senior...

Credit Cards Reemerge From the Pandemic as Multifaceted Financial Management Tools
Payment Methods // March 02, 2022

Whether it’s for convenience, rewards or the benefits of better data security when making a transaction, consumers with revolving credit are using it not just to fund their spending splurges, but to manage their finances and boost long-term financial freedom. At a time when roughly...

Interviews & Exclusives
Budgeting Benefits Help Banks Appeal to 23% of Consumers Who Don’t Have Credit Cards

June 21, 2023
If you’re reading this, chances are you have a credit card, as nearly 200 million Americans do — with many holding more than one. And those cards are getting more use than ever, especially in this current economic environment. “People use credit based on the functionality and flexibility, as well as the security,” Brian Bugg, director […]

Gen Z, Millennials Use Credit Cards 30% More Than the Average Cardholder

May 09, 2023
Inflation is pushing credit card spending to new heights as consumers increasingly use cards to pay for daily expenses. PYMNTS’ latest study reveals that one-third of United States cardholders increased...

Credit Card Issuers Can’t Wait a Lifetime to Show Gen Z Value

March 15, 2023
The best way to establish a lifetime-value banking relationship is by engaging young adult consumers. And the best way to engage those members of today’s younger generational cohorts is by...

Credit Cards Reemerge From the Pandemic as Multifaceted Financial Management Tools

March 02, 2022
Whether it’s for convenience, rewards or the benefits of better data security when making a transaction, consumers with revolving credit are using it not just to fund their spending splurges,...

Quick Reads
Elan, Desert Financial Credit Union Lengthen Credit Card Collaboration

June 21, 2021
Elan Financial Services, which is an agent credit card issuer that works with credit union (CU) partners, and Desert Financial Credit Union have lengthened their long-term collaboration, according to a Monday (June 21) announcement emailed to PYMNTS. “Through our partnership, we have been able to support initiatives that benefit the community and provide Desert Financial […]

Elan, Telhio Credit Union Lengthen Credit Card Collaboration

April 30, 2021
Elan Financial Services and Telhio Credit Union have lengthened their long-term collaboration to offer credit card products to the credit union’s (CU’s) 70,000 personal and commercial members, according to a...

Elan, Sharonview Federal Credit Union Partner On Credit Card Program

March 17, 2021
Sharonview Federal Credit Union has partnered with Elan Financial Services to offer a credit card program to its members, according to a press release emailed to PYMNTS. The partnership will...

Essential Federal Credit Union Teams With Elan Financial Services On Credit Cards

March 01, 2021
To connect its members with a collection of credit card products and services, Louisiana-based Essential Federal Credit Union (Essential) has teamed with Elan Financial Services, according to a Monday (March...