Strengthens its Commitment with Office Expansion and Additional Hires
Elavon, a global payments company and a wholly-owned subsidiary of U.S. Bancorp (NYSE: USB), is investing in its integrated payments and eCommerce businesses and expanding its presence in Atlanta, with a plan to hire approximately 180 new employees during the next three years. Elavon will lease additional space in the Concourse campus located in the city of Sandy Springs, part of the Atlanta metro area.
Elavon currently employs more than 730 people in Atlanta and more than 4,300 worldwide. With the investment, it will employ more than 900 in Atlanta. Elavon occupies three floors in building two of the Concourse Office Park. With the expansion, it will lease more space at the Two Concourse Parkway building as well as adding space in the adjacent Four Concourse Parkway building.
The new employees will support Elavon’s growing integrated payments and eCommerce businesses. This emergent area will enhance Elavon’s online and mobile payment capabilities and integrate its digital payments with other payments software providers and partners. As a result, Elavon will give merchant clients a seamless experience that blends multiple services – including payments – in one package.
“Growing in Atlanta was an easy decision for us,” said Jamie Walker, Elavon CEO. “Atlanta is home to a strong financial services market and a highly educated and innovative workforce. Our roots here are deep as Elavon has been headquartered in Atlanta since 1991. We are also very committed to the local community through long-standing community initiatives.”
“Elavon has a great reputation as a leader in the payment-processing industry, and we are excited they are expanding their headquarters in Sandy Springs,” said Georgia Department of Economic Development Commissioner Pat Wilson. “Georgia’s FinTech industry is truly home grown, and we are proud of the technology ecosystem that companies find when they locate or expand here.”
Elavon will also expand its innovation center, The Grove, which is focused on harvesting innovation in and around payments to help merchants grow their business. Within the Grove, employees partner with large, point-of-sale management companies to develop new technologies.
“Sandy Springs offers access to the Southeast’s top technology and executive talent, and we are focused on creating an environment, the infrastructure and amenities that attract the region’s best and brightest and keeping them here with unequalled access to our work and play lifestyle,” said Sandy Springs Mayor Rusty Paul.
Investing in the community through its Community Possible platform, U.S. Bank employees contributed more than 3,000 volunteer hours locally between 2013 and 2017. In the same timeframe, U.S. Bank extended nearly $32.5 million in community development loans, and invested more than $68.4 million in Georgia communities to provide affordable housing, encourage self-sufficiency and foster economic development. These investments include U.S. Bank Foundation grants, U.S. Bank corporate giving and nonprofit sponsorship as well as tax credit investments made through U.S. Bancorp Community Development Corporation (USBCDC).
Efforts to lease the Concourse campus were supported by the City of Sandy Springs and the Georgia Department of Economic Development.
Notes to editors
Elavon is a leading global payments company with more than 4,300 employees and operations in 10 countries. A subsidiary of U.S. Bancorp (NYSE:USB), Elavon provides businesses with the technology needed to accept payments from customers, whether they are shopping in stores, at home or on the go. Its platform is distinctive in that it is common across countries, making it easier for businesses to get their payment system up and running quickly and securely.
Elavon Financial Services DAC, trading as Elavon Merchant Services, is regulated by the Central Bank of Ireland and the Prudential Regulation Authority and subject to limited regulation by the Financial Conduct Authority and Prudential Regulation Authority. Details about the extent of our authorization and regulation by the Prudential Regulation Authority, and regulation by the Financial Conduct Authority are available from us on request.
About U.S. Bank
U.S. Bancorp, with 74,000 employees and $488 billion in assets as of September 30, 2019, is the parent company of U.S. Bank National Association, the fifth-largest commercial bank in the United States. The Minneapolis-based bank blends its relationship teams, branches and ATM network with mobile and online tools that allow customers to bank how, when and where they prefer. U.S. Bank is committed to serving its millions of retail, business, wealth management, payment, commercial and corporate, and investment services customers across the country and around the world as a trusted financial partner, a commitment recognized by the Ethisphere Institute naming the bank a 2019 World’s Most Ethical Company. Visit U.S. Bank online or follow on social media to stay up to date with company news.
Joe Rauch, Communications Manager | Global Head of Communications for Merchant Acquiring | Public Affairs and Communications
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