tailieunhanh - Elavon Merchant Services - Corporate Services at Union Savings Bank 

Regarding market structure, the concentration ratio—the asset shares held by the three largest banks— in each EAC country compare favorably with South Africa, particularly in the region’s three largest markets. This evidence by itself suggests that the level of competition in the banking sector should be even across these countries. However, bank performance indicators tell a different story: banks are more profitable in the EAC than in South Africa as evidenced by the higher spreads and the return on assets (ROA). Lending spreads, in particular, are about 6 to 8 percent higher in the EAC than in South Africa, while. | Elavon Merchant Services Union Corporate Services at Union Savings Bank Savings Bank Introduction Union Savings Bank in Danbury Connecticut is a community bank dedicated to the growth and progress of its customers across Connecticut. Established in 1866 the bank is rooted in the traditions of providing the best service to customers and giving back to the community. Not only does the bank encourage its staff members to volunteer it also donated million in 2011 to charities within its footprint. Union Savings Bank currently has 29 branches 6 500 business DDAs and assets of billion. The Challenge Through the years Union Savings Bank worked with different vendors to provide merchant processing services for their business customers. When the Bank acquired First National Bank of Litchfield in 2010 the management team decided to pick best-in-breed vendors to coincide with the merger. Both banks had different platforms for merchant processing so we decided to put together an RFP to help us make the best choice said Jim Rusiecki Senior Vice President of Corporate Services at Union Savings Bank. We were very deliberate with the process and wanted it to be fair. We were looking for a true business partner who could help us maximize our income potential as well as provide solid technology and customer service. As the RFP responses came in Rusiecki put together a committee to review the responses and ultimately pick the merchant services vendor. In the end we decided to contract with Elavon and Elavon Financial Institution Solutions said Rusiecki. We had a history with the company and a good rapport with Diana Barhorst Relationship Manager. Because we had worked with Elavon in the past we were already familiar with their system and knew they would provide great service to the bank and to our customers. One other critical point Elavon was big enough that the bank would not have to be involved in every detail. The sales representative could answer comprehensive customer .