Elavon: Global Payment Solutions (2022)

Elavon: Global Payment Solutions (1)

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(Video) Global Payments Expertise | Process payments in more than 30 countries | Elavon, Inc.

Elavon: Global Payment Solutions (4)Jamie Walker, CEO

“At Elavon, we know that you didn't begin your business for the paperwork, payment processing, or PCI compliance. No matter how important those things might be to your success every day, we understand that what triggers your passion is serving your customers and growing your business,” begins Jamie Walker, CEO of Elavon. The firm has been a leader in processing payments for over twenty years, leveraging the world’s best technologies for its customers, from large worldwide enterprises to locally-owned small businesses. They extend robust payment solutions for all payment types and processing environments, ensuring that customers’ businesses, whatever the size, remain well connected. Elavon is consistently rated among the top five global payment providers, and their robust, redundant processing platform and end-to-end advantage ensure commerce for businesses around the world. Elavon operates as a subsidiary of U.S. Bank National Association. Backed by the strength and stability of U.S. Bank, Elavon delivers flexible, secure and innovative solutions while providing value at every point in their customer and partner relationships.

The firm provides payment processing solutions and services for small to enterprise-sized businesses in the United States, Europe, Canada, Mexico, Brazil, and Puerto Rico. It offers reseller and referral programs that include merchant processing services for financial institutions; payment processing services for MSPs/ ISOs; and customer relationship management services. Payments Insider, its interactive customer portal, provides powerful, customizable reporting, giving the tools to manage all aspects of payments activity and enables interactive and intuitive reports to drill down to transaction, chargeback, retrieval and funding activity quickly and easily. Converge Mobile, an app for IOS and Android mobile devices, offers the flexibility with the payment security and is ideal for retail, restaurant, and service businesses of any size for payments on the go or as an extra checkout option at busy times.

Elavon offers affordable, easy-to-use, and secure tablet solutions tailored for the small business like talech and NCR Silver. Elavon's robust, secure and scalable processing platform allows for efficient technology and compliance changes and provides advanced domestic, inter-regional and international credit card processing with convenient multi-currency options. The company also provides Commerce SDK, a software development kit for developers at businesses, value-added resellers, agents, and solutions providers to combine its payment processing, EMV certification coding, encryption and tokenization implementation, and hardware support for printers, terminals, and mobile devices; and Poynt, a wireless, dual touchscreen, and smart terminal that allows businesses to accept payments anywhere. It serves the airline, restaurant, hospitality/travel and entertainment, retail, healthcare, and public sector/education markets. Elavon delivers a higher level of customer service, including customer support in nine languages.

“From payment processing to loyalty programs, fraud management to mobile innovations, security solutions to data-driven insights, together we can unlock a world of opportunities. Our approach is to make payment processing the simplest part of your day,” adds Walker. Elavon was formerly known as NOVA Corporation and changed its name to Elavon in February 2008. The company was founded in 1991 and is based in Atlanta, Georgia. The firm invites customers to discover how its customer-first approach and innovative offerings can begin growing their business from the first transaction and with each one that follows. “We're dedicated to building a partnership to build your business. Each of our innovative solutions and services is created and optimized to help you focus your energies on creating customer relationships,” concludes Walker.

(Video) The Elavon Brand Journey

Elavon: Global Payment Solutions (5)

Elavon News

Elavon: Global Payment Solutions (6)

Elavon Acquires CenPOS, Enhancing Elavon’s Digital Capabilities, Integrating Payments into CenPOS Software

Minneapolis - Elavon, a global payments provider and subsidiary of U.S. Bancorp, has acquired CenPOS, a Miami-based company offering integrated payment software solutions to large enterprises.

CenPOS focuses on three industry verticals: automotive, travel and entertainment (T&E), and general business-to-business transactions, which aligns well with Elavon’s strengths. In addition, CenPOS’ distribution strategy and product capability complement Elavon’s assets, all of which make the two entities an excellent fit.

(Video) Welcome to Elavon | Empowering Businesses with Seamless Payments for Their Customers

Increasingly, business owners expect that the software packages they use to run their businesses will come with payments acceptance and processing embedded in the software offering. Elavon is paving a way to future growth by integrating with these software packages.

“Elavon recognizes the tremendous potential we have to bring greater value to our customers by integrating with software companies like CenPOS,” said Jamie Walker, CEO of Elavon. “More and more, businesses are choosing their payment provider based on the software solutions they use to manage other parts of their operations. With this acquisition, customers of both companies will benefit from the strengths and opportunities these organizations offer in important industry segments.”

“The CenPOS team is elated to join Elavon,” said Jorge Fernandez, CEO, who cofounded CenPOS with German Gonzalez. “Elavon’s suite of payment products, coupled with the stability and array of financial offerings from U.S. Bank, gives CenPOS an unparalleled competitive edge in the market. Likewise, CenPOS’s technology brings new market expertise to Elavon’s current technology solutions.”

U.S. Bank has a long history in payments, with scale and deep experience that offer a unique value to customers. Elavon accepts and processes payments on behalf of more than a million businesses in the United States, Canada, Mexico and Europe. Adding CenPOS to the U.S. Bancorp family will provide even greater scale and payments capabilities.

The acquisition closed on January 8, 2019. Financial terms of the deal were not disclosed.

Elavon provides end-to-end payment processing solutions and services to more than 1.3 million customers in the United States, Europe, Canada, Mexico, and Puerto Rico. As the leading provider for airlines and a top five provider in hospitality, healthcare, retail, and public sector/education, Elavon’s innovative payment solutions are designed to solve pain points for businesses from small to enterprise-sized.

Elavon Acquires Virginia-Based Electronic Transaction Systems

Minneapolis - Elavon, global merchant payment processing provider and subsidiary of Minneapolis-based U.S. Bancorp, has acquired Electronic Transaction Systems (ETS), a financial technology company based in Virginia. The acquisition will allow Elavon to integrate payment processing into ETS’ software, and provide businesses a safe and easy way to access Elavon’s services.

Increasingly, business owners expect that the software packages they use to run their businesses will come with payments acceptance and processing embedded in the software offering. Elavon is paving a way to future growth by integrating with these software packages.

“ETS has an innovative approach to merchant payments that fits well within Elavon’s strategy to provide businesses the ability to safely and quickly integrate into our system,” said Jamie Walker, CEO of Elavon. “ETS is a successful, dynamic company, and we look forward to growing our business together.”

(Video) Elavon exceptional experiences

“We are thrilled to join with Elavon and become part of U.S. Bank,” said Ed Vaughan, CEO of ETS. “We have worked with U.S. Bank for the 20 years that we’ve been growing our company. There was simply no better choice than U.S. Bank, who knows us and shares our vision for the future.”

“The acquisition of ETS is part of our investment aimed at enhancing Elavon’s eCommerce offering and integrating Elavon’s payments capabilities into software its customers already use,” said Terrance Dolan, vice chairman and CFO of U.S. Bank.

Financial terms of the deal were not disclosed.

Company
Elavon

Headquarters
Atlanta, GA

Management
Jamie Walker, CEO

Description
Elavon provides end-to-end payment processing solutions and services to more than 1.3 million customers in the United States, Europe, Canada, Mexico, and Puerto Rico. As the leading provider for airlines and a top five provider in hospitality, healthcare, retail, and public sector/education, Elavon’s innovative payment solutions are designed to solve pain points for businesses from small to enterprise-sized. From e-commerce to mobile wallets and chip card acceptance, Elavon helps businesses, small and large, accept all payment types – and reap the benefits at the end of the day. Whether they need a simple or sophisticated payment solution, it covers it all

(Video) Authorising, Clearing and Settlement

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FAQs

Does Elavon do global payments? ›

Global payments solutions. Global brands trust Elavon to take care of their customers. Our enterprise solutions and developer resources provide enterprise businesses with a powerful platform and superior tools built for scalability, mitigating risk, and safely transmitting customer payment data.

Can I trust Elavon? ›

Your trusted payment solutions partner

Elavon is consistently rated among the top global payment providers, with more than two million customers trusting us for payment processing.

Is Elavon a payment processor? ›

Elavon offers users a dedicated merchant account and payment processor, as well as mobile processing via app integrations. You'll be able to accept all major credit cards, as well as swipe, chip and contactless payment methods.

Is Elavon owned by Costco? ›

Download. ATLANTA--(BUSINESS WIRE)--Elavon, a leading global payments provider and subsidiary of U.S. Bancorp, and Costco Wholesale Corp. (“Costco”) have agreed to extend their relationship to offer payment processing solutions to Costco's array of small to mid-size business customers.

Is Global Payments a good company? ›

Despite the company's size and length of time in business, Global Payments is not accredited by the BBB. The company currently has an A+ rating, most likely due to its prompt response to all complaints and its willingness to issue refunds when appropriate.

Which is the best international payment gateway? ›

Best payment gateways for international payments
  • PayPal – A household name, PayPal is one of the most trusted options when it comes to online sales. ...
  • Worldpay – Worldpay is an all-in-one payment processor that helps you process credit card payments directly from your app or website.

How much does Elavon charge per transaction? ›

Here are the disclosed Elavon processing fees: 2.6% + $0.10 per transaction for card-swipe transactions. 3.5% + $0.15 per transaction for key-entered transactions.

What companies use Elavon? ›

Who uses Elavon Protobase?
CompanyWebsiteCompany Size
Blackboard Inc.blackboard.com1000-5000
Blackfriars Groupblackfriarsgroup.com>10000

What bank owns Elavon? ›

Elavon, a wholly owned subsidiary of U.S. Bank, has been a global leader in payment processing for more than 30 years.

Who is the largest payment processing company? ›

Fidelity Information Services (FIS) – 26.6B

Fidelity Information Services, or FIS, is headquartered in Jacksonville, Florida, and has approximately 55,000 employees. Today it is the largest processing and payments company in the world. The company got its start in 1968 when it was known as Systematics.

Who are Elavon competitors? ›

Elavon competitors include Heartland, Global Payments, FIS and Upserve.

Is Elavon a payment gateway or processor? ›

Elavon can be your payment gateway provider

Elavon offers the powerful combination of proven payment processing expertise with mature gateway platform technology, all from the convenience of one partner.

Do the Chinese own Costco? ›

Despite having several locations in Shanghai and selling products produced in China, Costco is not a Chinese company. Costco is headquartered in Issaquah, Washington, and was founded in Seattle. Costco is a publicly traded American company.

Does PayPal do credit card processing? ›

Does PayPal offer credit card processing? PayPal is best known for its peer-to-peer money transfers, but it also offers credit card processing services for businesses. In fact, PayPal is our best pick for mobile credit card processing services for Android devices.

Who is Costco owned by Walmart? ›

Costco is a publicly traded company, while Sam's Club is a subsidiary of Walmart. Costco's membership fees are more expensive, but its prices are slightly lower—thanks in part to its private branded products, such as Kirkland.

What is the best payment gateway in USA? ›

PayPal. PayPal established in 2002 is currently the most used payment gateway across the US. It accepts International and Multi-currency payments.

Which payment provider is best? ›

The 7 Best Payment Gateways of 2022
  • Best Overall: Authorize.Net.
  • Runner-Up, Best Overall: Stripe.
  • Best for Online Businesses: PayPal.
  • Best for Brick-and-Mortar Businesses: Square.
  • Best for Startups: Braintree.
  • Best for Multiple Channels: WePay.
  • Best for Selling Internationally: 2Checkout (now Verifone)
1 May 2022

Which is the best online payment company? ›

The Best Online Payment Service Providers in 2022
  • WildApricot Payments.
  • Stripe.
  • Apple Pay.
  • Dwolla.
  • Due.
  • Square.
  • PayPal.
  • Authorize.net.
27 Nov 2020

What is the most popular payment method in the world? ›

Credit/Debit Cards

Credit and debit cards are still the most commonly used method for payment worldwide.

What is the safest international payment method? ›

Secure Payment in International Trade: Cash in Advance

The safest method of payment in international trade is getting cash in advance of shipping the goods ordered, whether through bank wire transfers, credit card payments or funds held in escrow until a shipment is received.

What is the most common international payment method? ›

International Payments – The 5 Most Common Payment Methods
  1. Debit and credit cards. Card payments have increased dramatically in recent years, with technology enabling remote payments known as card not present (CNP) transactions. ...
  2. SWIFT payments. ...
  3. Cryptocurrencies. ...
  4. Digital wallets. ...
  5. Alternative payment methods.
2 Dec 2020

How can I avoid paying merchant fees? ›

Unfortunately, you can't avoid credit card processing expenses, but merchants can take steps to save thousands of dollars each month.
  1. Negotiate with credit card processors. ...
  2. Reduce the risk of credit card fraud. ...
  3. Use an address verification service. ...
  4. Properly set up your account and terminal.

How long is Elavon contract? ›

Contract Length and Termination Fees

Elavon's standard contract is still set at 3 years and while early termination does not result in a fine, it may take several months for the company to actually process your termination request.

What percentage does a merchant pay for credit card transactions? ›

According to industry analysts, the average credit card processing fees range from 1.5 percent to 3.5 percent of each transaction, although the final percentage depends on a host of factors. Also, be aware that credit card processing fees are entirely different from the fees consumers pay for carrying a credit card.

Which is largest card payment organization? ›

Active in over 160 different countries and territories, American Express (AMEX) is the world's largest issuer of credit cards in terms of transactions, averaging 6 billion transactions per year.

Which are the 2 companies which majorly run in credit card operations? ›

Below, we've outlined the major players in credit card processing and described their major strengths.
  • Bank of America. ...
  • Citibank. ...
  • Wells Fargo. ...
  • Barclays. ...
  • Fiserv. ...
  • TSYS. ...
  • Global Payments. ...
  • Adyen.
19 Dec 2019

Is Elavon a merchant? ›

Elavon is a merchant services provider with more than 30 years of experience operating under one of the largest banks in the country, U.S. Bank. The company works with businesses of all sizes, featuring hardware and software solutions for in-person transactions, contactless options and online transactions.

Is Elavon a U.S. Bank? ›

Elavon, a wholly-owned subsidiary of U.S. Bank and one the largest payments processors globally, is proud to be honored by The Strawhecker Group (TSG)* in its 2022 Real Transaction Metrics Awards.

When did us acquire Elavon? ›

ATLANTA--(BUSINESS WIRE)--April 15, 2008--NOVA Information Systems (NOVA), a wholly-owned subsidiary of U.S. Bancorp (NYSE: USB), today unveiled a new global company name, Elavon.

Is Elavon an ISO? ›

The Elavon ISO/MSP program offers you long-term value and residual income over the term of the relationship. Our pricing programs enable you to have more flexibility when you sell solutions to your customers.

Who is the world leader in digital payments? ›

World's Top Digital Payment Companies: Top 10 by Revenue

PayPal Holdings Inc. Fiserv Inc. Intuit Inc. Global Payments Inc.

What are the three payment systems? ›

Modern payment systems use cash-substitutes as compared to traditional payment systems. This includes debit cards, credit cards, electronic funds transfers, direct credits, direct debits, internet banking and e-commerce payment systems.

What is the fastest payment processor? ›

10 Fastest Payment Processors in the World
GatewayProcessing Speed – MayMarch
SecureNet1.0s1.0s
Moneris1.1s1.1s
Iridium1.2s1.3s
CyberSource1.3s1.1s
6 more rows
12 Jun 2014

Who is Square's biggest competitor? ›

The best Square competitors are: Clover: Best Square alternative for a low-cost, industry-specific POS for retail, restaurant, and service businesses. PayPal Zettle: Best Square alternative for mobile payments and POS. Helcim: Best alternative for low-cost payment processing and free POS.

What is the function of Elavon? ›

Elavon is a payment gateway solution that allows merchants to safely accept payments across Europe and North America. You can integrate and use Elavon as a payment gateway in Chargebee to effectively process your payments.

What industry is Elavon? ›

As an industry-leading retail POS systems provider, we help you deliver the exceptional payments experience your customers look for, every time they shop with you.

What is the difference between payment processor and payment gateway? ›

A payment processor is responsible for relaying transaction details to and from the customer's card-issuing bank and the merchant's acquiring bank. Payment gateways are commonly used for eCommerce transactions, but can also be used to accept payments with a credit card reader, POS system, or software integration.

What is the difference between POS and payment gateway? ›

Whereas POS terminals are designed for in-person transactions, online payment gateways allow for card-not-present (CNP) transactions in which the buyer and seller never meet face to face. Credit card information is entered on the website, in a hosted checkout form, or on a mobile app.

Is Home Depot Chinese owned? ›

The Home Depot, Inc., is an American multinational home improvement retail corporation that sells tools, construction products, appliances, and services. Home Depot is the largest home improvement retailer in the United States. In 2021, the company had 490,600 employees and more than $151 billion in revenue.

Is Costco owner a Republican? ›

Sinegal is an avowed Democrat, and spoke at the 2012 Democratic National Convention. Sinegal has hosted President Barack Obama at his home on two occasions.

How much US property does China own? ›

While China raises concerns over American boots on the ground in Asia, the country continues to grow its own footprint in the U.S. USDA's latest data shows China owns over 191,000 acres of U.S. lands, but that was before a North Dakota land sale this Spring.

Is it hard to qualify for PayPal Credit? ›

The PayPal CashBack Credit Card requires at least good credit (a credit score of 700+) to get approved. If you'd like to know where you stand, you can check your credit score for free, right here on WalletHub.

Why is PayPal shutting down accounts? ›

PayPal shut down the accounts of the Free Speech Union, its founder the journalist Toby Young and a news website he created after alleged Covid-19 vaccine misinformation. The US payments company permanently closed the accounts of the union, Young and his opinion and news website The Daily Sceptic last week.

Is PayPal here being discontinued? ›

PayPal Here is no longer available for new merchants, having been superseded by PayPal Zettle. However, existing PayPal Here users can continue using PayPal Here, use and purchase PPH hardware, and retain their current processing rates.

Is Lowe's owned by Walmart? ›

Walmart doesn't have any affiliations with Lowe's. The two companies are entirely separate, and they don't have any ownership stake in each other. However, both companies are large retailers.

Is Kirkland's owned by Walmart? ›

The ecommerce company, which was acquired by Costco rival Walmart last year, is dropping hundreds of Costco products sold under the Kirkland Signature brand from its website, Bloomberg reports.

Is Dollar General owned by Walmart? ›

Is Dollar General a Walmart subsidiary? No, Dollar General is not owned or never has been owned by Walmart. Dollar General was founded in 1939 by J. L. Turner and his son, James Luther Turner, Sr. The first store was in Scottsville, Kentucky.

What countries does elavon operate in? ›

He is responsible for Elavon's global acquiring business, operating with more than 4,000 employees in the United States, Canada and throughout Europe. Since joining Elavon, Walker's leadership roles have spanned many areas.

Can slice be used for international payments? ›

Slice also allows emergency bank transfers but levies some charges on them. Both fintechs have tie-ups with Visa, but their cards cannot be used for international transactions. “With the Slice card, we have no concept of minimum due payment.

What payment services work internationally? ›

The 9 Best International Merchant Services Companies
  • PaymentCloud. PaymentCloud. Visit Site. ...
  • Stripe. Stripe Payments. Visit Site. ...
  • Helcim. Helcim. Visit Site. ...
  • Durango Merchant Services. Durango Merchant Services. ...
  • Host Merchant Services. Host Merchant Services. ...
  • 2Checkout. 2Checkout. ...
  • Authorize.Net. Authorize.Net. ...
  • PayPal/Braintree. PayPal.

How do I pay an international supplier? ›

The simplest and most popular way for importers to pay overseas suppliers is via bank-to-bank money transfers.

Who are Elavon competitors? ›

Elavon competitors include Heartland, Global Payments, FIS and Upserve.

Is Elavon a payment gateway or processor? ›

Elavon can be your payment gateway provider

Elavon offers the powerful combination of proven payment processing expertise with mature gateway platform technology, all from the convenience of one partner.

What bank does Elavon use? ›

Colin has significant experience in leading the transformation of Elavon's European business and building Elavon's global partnerships with large corporates, with over 12 years in the payments industry with positions at both Elavon and Barclays Bank.

Does Netflix use slice card? ›

Use your Slice Visa Card to shop from online brands, order food, book travel or movie tickets, get OTT subscriptions like Netflix, Amazon Prime Video, etc, You can also pay bills, spend on food and movie tickets, and many other things that you usually do using a standard Rupay debit or credit card.

What is the safest payment method in an international transaction? ›

Secure Payment in International Trade: Cash in Advance

The safest method of payment in international trade is getting cash in advance of shipping the goods ordered, whether through bank wire transfers, credit card payments or funds held in escrow until a shipment is received.

What is the biggest payment platform? ›

PayPal. PayPal is one of the most widely used payment providers, which is their biggest edge.

What is the most common international payment method? ›

International Payments – The 5 Most Common Payment Methods
  1. Debit and credit cards. Card payments have increased dramatically in recent years, with technology enabling remote payments known as card not present (CNP) transactions. ...
  2. SWIFT payments. ...
  3. Cryptocurrencies. ...
  4. Digital wallets. ...
  5. Alternative payment methods.
2 Dec 2020

Which payment method is best? ›

Debit cards are considered the best payment method for e-commerce transactions. Debit cards are usually preferred by customers who shop online within their financial limits.

What is the cheapest way to make an international payment? ›

Bank transfers are usually the cheapest option when it comes to funding your international money transfer with Wise. Bank transfers can be slower than debit or credit cards, but they usually give you the best value for your money.

What is the cheapest way to pay someone internationally? ›

The cheapest way to send money internationally is to transfer funds directly from your bank account to a recipient's bank account. Most transfer services charge additional fees for debit card or credit card payments and cash pick-ups. Credit card payments will incur additional charges from your credit card provider.

Do I get charged for international payments? ›

Whenever you send money internationally, your bank will typically charge a fixed money transfer fee. You could pay up to $50 to transfer the money, but the fee will depend upon the bank that you're using, as well as how much money you're sending.

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