Thursday, August 07, 2008
Elavon Inks Deal With FNDS3000
By Holly Lytle
New MSP Relationship Signed through Atlas Merchant Services
August 7, 2008
ATLANTA and Ponte Vedra Beach, Fla - Elavon, formerly NOVA Information Systems, a wholly owned subsidiary of U.S. Bancorp (NYSE:USB), has signed a Merchant Services Provider (MSP) agreement with Atlas Merchant Services (Atlas), a wholly-owned subsidiary of FNDS3000 Corp. (OTCBB: FDTC). The recent acquisition of Atlas by FNDS3000, a financial services company providing prepaid card and merchant processing solutions, forged the agreement that leverages Elavon's robust payment solutions and international processing platform to support FNDS3000's global merchant acquiring growth plans.
"Our relationship with Elavon is fundamental to our merchant acquiring expansion in the America's, Europe and elsewhere," said Joe Tumbarello, COO of FNDS3000 Corp. "The combination of Elavon's superior processing technology and end-to-end capabilities enables us to more effectively reach our goals."
"Our relationship with FNDS3000 is an exciting realization that highlights how global growth trends benefit business relationships in a very positive way," said Stuart C. Harvey, Jr., CEO of Elavon. "Realizing expansion opportunities for both of our organizations creates synergistic solutions that are part of our global business footprint."
Elavon provides FNDS3000 with a powerful, end-to-end processing network and customized merchant support services for their expanding base of merchants.
Elavon's Global Acquiring Solutions organization is a part of U.S. Bancorp (NYSE: USB). Elavon provides end-to-end payment processing services to more than one million merchants in the United States, Europe, Canada and Puerto Rico. Solutions include credit and debit card processing, electronic check services, gift cards, dynamic currency conversion, multi-currency support, and cross-border acquiring. Elavon's services are marketed through multiple alliance partner channels including financial institutions, trade associations and ISOs. Elavon has solutions to meet the needs of merchants in specialized markets including small business, retail, hospitality/T&E, health care, education and the public sector. Elavon represents the former brands of NOVA Information Systems and its affiliates FHMS and euroConex. For more information about Elavon visit www.elavon.com.
About Regency Hotel Management and Affiliates
FNDS3000 Corp (OTCBB: FDTC) (Frankfurt: "FT4," A0MWLG) is a financial transaction processing company providing prepaid debit card and merchant processing solutions. We provide prepaid debit cards to a market with over 1 Billion individuals worldwide who do not have bank accounts, estimated at over $100 Billion in annual revenue. Our products allow employers to replace payroll checks for all workers. In addition, employers can use our products in lieu of cash to pay employees -- this may be greater than 50% of the worldwide working population. Domestic and international sharing of money, similar to Western Union™, is a key feature of our solution. This market estimated to be over $100 Billion annually. Many of our products carry worldwide brand marks and can be used anywhere in the world that accepts those brands. Other services include gift cards, bill pay, prepaid cellular and other prepaid products.
Our merchant processing solutions provide comprehensive credit, debit, and check card payment programs. We are dedicated to the service and profitability of our merchants. The combination of card issuing and merchant processing enables FNDS3000 to provide turnkey financial transaction solutions to virtually any market worldwide.
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