User:Bill.albing/ELO (venture)

Three Brazil Banks to operate ELO, a credit-card joint venture. See the article about it: http://www.foxbusiness.com/markets/2010/08/09/brazil-banks-operate-elo-credit-card-joint-venture/

The Brazilian state-run bank Caixa Econômica Federal, state-controlled Banco do Brasil SA, and private bank Banco Bradesco SA jointly operate the recently created credit-card company ELO. Also called Elo Participações, see http://pt.wikipedia.org/wiki/Elo_Participa%C3%A7%C3%B5es.

Caixa Econômica Federal, Brazil's largest mortgage lender, will merge its credit and debit card business into a single brand, to join Elo card holding, as reported in this Reuters article: http://www.reuters.com/article/idUSN0925504820100809 .