Elavon

A global payments provider Elavon, wholly owned by US Bancorp, has partnered with China UnionPay to enable merchants of Elavon accept UnionPay’s debit and credit card payments in Canada with the plans to further expand into Latin America.

The partnership bases Elavon’s secure, world class international processing platform to provide merchants with the benefit of a single point of service for processing, funding, settlement and reporting for all Visa®, MasterCard®, American Express®, Discover® Network and UnionPay transactions.

Credicard, a wholly-owned subsidiary of Citigroup Inc., has signed a binding agreement with Elavon, a wholly-owned subsidiary of U.S. Bancorp and leading global payments provider, for the establishment of a joint venture which will be a merchant services company offering payment solutions to the Brazilian marketplace.

Combined with Credicard’s market expertise and brand recognition, Elavon will deliver a robust processing platform, financial efficiency, innovative payment solutions and secure point-of-sale devices for mobile acceptance environments.

Elavon, a subsidiary of U.S. Bancorp and a provider of global payment services, will be marketing and supporting VeriFone Systems, Inc.’s PAYware Mobile secure card payment system for iPhone™. Using the solution customers can transform their iPhones into mobile payment devices with a card encryption sleeve that allows merchants to capture data via card swipe.

The largest Indian lender State Bank of India is partnering with US based Elavon and Visa in a move to form a merchant acquiring venture. Last year the bank issued an RFP fpr venture partners and was granted an approval on the part of the central bank for establishing a merchant acquiring subsidiary.

The statement filed with the Bombay Stock Exchange says that the joint venture plans to roll out as many as 600,000 point of sale terminals to merchant locations over the new five years.

The terms of the deal have not been unveiled.
 

Elavon, a wholly owned subsidiary of U.S. Bancorp and leading global payments company announces the introduction of Fusebox, its next-generation hosted payment gateway that provides secure multi-point connectivity across a merchant’s enterprise.

 Elavon, a wholly-owned subsidiary of U.S. Bancorp and a global payment provider, announced the acquisition of Citibank’s Diners Club Card merchant-location portfolio in Western Europe, that covers over 75,000 merchants.