Renewal adds simplicity and enhanced tools to help business scale and grow
ATLANTA--(BUSINESS WIRE)--Elavon, a leading global payments provider, and Union Bank have agreed to extend their multi-year alliance for the third time in their 25-year partnership, which adds a focus on expanding into vertical markets such as healthcare and enhancements to tools and services making it easier for clients to manage and grow their business.
“Being able to offer Elavon’s customizable and scalable payment solutions has really helped us grow our small-to-medium business portfolio over the years,” said Pierre Habis, head of Consumer Banking, Union Bank. “We trust Elavon, its level of service and its secure and innovative solutions will help us to continue growing together over the coming years.”
“The payments landscape continues to change at a rapid pace; with this extension we are able to influence the industry in meaningful ways that help our customers and their customers,” said Guy Harris, president of North America and Global Revenue. “Union renewed with us a year early, which is a testament to our successes over the years and shows the confidence they have in our vision for the future of payments.”
Union Bank is a full-service bank with a rich history of investing in its clients, communities and employees throughout the West Coast for more than 150 years. Union Bank is committed to helping clients achieve their unique financial goals and offers a broad range of financial products and services, including a comprehensive suite of Wealth Management, Commercial Banking, Commercial Real Estate, Mortgage Lending and Consumer Banking services. With more than 350 branches in California, Oregon and Washington, Union Bank remains committed to serving the needs of its local communities. As a member of the Mitsubishi UFJ Financial Group (MUFG), one of the world’s largest financial institutions, Union Bank holds its clients’ best interests to heart and remains committed to investing in their success.
Under the terms of the agreement, Union Bank’s new and existing merchant customers will benefit from Elavon’s investment in new payment technologies and tools and services to streamline their business.
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