Tuesday, October 5, 2010

New General Manager for Nordic & Baltic Regions of Elavon Merchant Services

By Holly Lytle

Oslo, Norway – 5 October 2010 –– Ketil Fridheim has been appointed general manager for Elavon Merchant Service’s Nordic and Baltic region, with effect from 1 October 2010. Fridheim is also appointed to senior vice president and has become a part of senior management in the European organization.

Fridheim has more than 20 years of national and international experience in the payments industry, most recently as CEO of PBS International AS in Norway and PBS International AB in Sweden. Before that, he was CEO of euroConex Technologies (now Elavon Merchant Services) Nordic and Deputy CEO and executive vice president of Europay Norge AS. He has also held senior management positions at the former (Telenor) Pos System AS, Unic Group AS, and Siemens Medical Systems. In addition to his technology background, Fridheim is an educated economist from BI. He also holds a master's degree MOM Management from BI.

“Ketil Fridheim has a highly successful track record in the payment industry,” said Simon Haslam, executive vice president and managing director of Elavon in Europe. “His wide range of skills and experience will enhance Elavon's solutions and services offering throughout Europe.”

Elavon's headquarters for the Nordic and Baltic countries is based in Oslo.

About Elavon:
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, Mexico 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. For more information about Elavon visit www.elavon.com.

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