Elavon, a wholly owned subsidiary of U.S. Bancorp (NYSE: USB) and a
leading global payment solutions provider, announced that it has formed
a division to work with enterprise clients in the pursuit of uncovering
opportunities to help them lower costs centered around the “three big
things” impacting the costs of accepting payments: rates, fraud, and
data security.
Elavon’s global reach and award-winning international processing
platform, best-in-class solutions and knowledgeable teams of local
experts, combines to result in the delivery of solutions and services
that help companies lower the total cost of acceptance payments. To
date, its Professional Services team has created savings of more than
$50 million to clients worldwide.
“Companies often focus their attention on negotiating rates and fees in
an attempt to shave a few basis points off their costs,” said James Ray,
senior vice president, Global Accounts at Elavon. “The truth is that
every payments-related expense analyzed for efficiency and brought under
management drives money straight to the bottom line, providing companies
with a tremendous opportunity to unleash savings and redirect spending
at initiatives that drive growth. Our Professional Services team is
uniquely qualified to consult with companies and uncover cost-saving
opportunities.”
Elavon leverages its people, processes and technology on three major
areas of payment acceptance:
-
Interchange Advisory & Optimization Solutions that provide a view into
how transactions are handled, and advise on remedies to qualify for
better rates;
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Advanced Fraud & Chargeback Management Tools that lower fraud and
improve revenue; along with business processing outsource services
that optimize the costs associated with managing chargebacks and fraud;
-
End-to-End Security & PCI Compliance Solutions that combine advanced
point-to-point encryption and tokenization to protect data and
mitigate the cost and complexities of PCI compliance.
Elavon starts with a Total Cost of Payments Assessment to identify a
company’s challenges and determine where their team of experts can help
the most. Many of the Professional Services activities do not require an
acquiring relationship with Elavon, allowing companies everywhere to
lower costs without disrupting existing relationships. Learn more at http://3bigthings.elavon.com.
About Elavon (www.elavon.com):
Elavon is wholly owned by U.S. Bancorp (NYSE: USB) and provides
end-to-end payment processing solutions and services to more than one
million merchants in the United States, Europe, Canada, Mexico, Brazil
and Puerto Rico. Elavon markets solutions including credit and debit
card processing, electronic gift cards, dynamic currency conversion,
multi-currency support, and cross-border acquiring through multiple
alliance channels including financial institutions, trade associations,
and third party sales agents. Elavon’s suite of solutions is tailored to
meet the needs of merchants in specialized markets such as retail,
hospitality/T&E, health care, education and the public sector.
About U.S. Bancorp: U.S. Bancorp (NYSE: USB), with $354 billion
in assets as of December 31, 2012, is the parent company of U.S. Bank,
the 5th largest commercial bank in the United States. The Company
operates 3,084 banking offices in 25 states and 5,065 ATMs and provides
a comprehensive line of banking, brokerage, insurance, investment,
mortgage, trust and payment services products to consumers, businesses
and institutions. Visit U.S. Bancorp on the web at usbank.com.
