Genpass is a provider of electronic funds transfer (EFT), automated teller machine (ATM) and debit processing services. Under the terms of the deal, 350 Genpass employees will work under US Bank while the company’s Irving, Texas processing location and operating platform will be retained.

Genpass customers will continue to benefit from the high level of customer service, excellent products and technology delivered by Genpass, and US Bank will bring new capabilities from our processing businesses as well as additional products through our correspondent banking division, said Janet Estep, executive vice president for US Bank Transaction Services.