Platform reduces card and EMV certification times from weeks to days
ATLANTA--(BUSINESS WIRE)--Elavon today announced the launch of its self-test platform, which offers payment hardware and software providers an accelerated way to streamline card brand and EMV certifications. The platform significantly reduces final certification time from the typical four weeks process to just 24-48 hours. The platform also saves developers money by eliminating the need to engage third parties.
“The speed at which new technology is transforming the world is at a faster rate than ever, and hence, businesses must keep up by meeting consumer demand at almost the same pace,” said Guy Harris, Elavon’s President of North America and Global Revenue. “Offering developers with a self-service tool that meets this demand is the latest, tangible example of our continued investment to help our partners and customers leverage payments offering to grow their businesses.”
Elavon’s self-test platform reduces the certification effort for developers, as it covers the four major card brands (Mastercard, Visa, AMEX and Discover) in the United States, Canada, Mexico and Puerto Rico. This developer-friendly certification platform is comprehensive, addressing all card brands for all devices, including EMV certification.
For more than 25 years, Elavon has been a leader in the payments industry, helping businesses grow and thrive by offering leading eCommerce, mobile, payment terminal and security services to businesses of all sizes. By eliminating the third-party and normalizing the certification process with the self-test platform, Elavon partners have seen a 90 percent reduction in certification time, reducing the overall time in half.
Notes to editors
About Elavon
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.
Visit U.S. Bank and Elavon online or follow on social media to stay up to date with company news.
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Contact:
Joe Rauch, Communications Manager | Global Head of Communications for Merchant Acquiring | Public Affairs and Communications
E: joseph.rauch@usbank.com