ATLANTA (November 23, 2021) – Elavon, a wholly-owned subsidiary of U.S. Bank and one the largest payments processors globally, today launched a three-year partnership with the Georgia Fintech Academy of the University System of Georgia.
A first-of-its-kind academic development program, the Academy is a critical bridge between the companies that are at the heart of Georgia’s dominant “Transaction Alley” fintech sector, and the students who will be future industry leaders currently studying at 26 Georgia colleges and universities. The Academy develops student expertise in fintech through coursework, apprenticeship, and professional development, with an approach that engages both industry leaders and students.
“The Georgia Fintech Academy is dedicated to cultivating the next generation of fintech leaders in our own backyard, and I’m thrilled we’re partnering with them,” said Jamie Walker, Elavon CEO. “We have deep Atlanta roots, and this is just the latest step in our on-going efforts to support current and future talent in this vital local industry. Our team is looking forward to working with these students who already have a deep interest in fintech.”
During the next three years, Elavon and U.S. Bank employees will engage Fintech Academy students across a range of activities, including: serving on the Fintech Academy Advisory council, in-person workshops with students, judging fintech curriculum competitions, and participating in the Academy’s monthly fintech Career Fairs.
“The Fintech Academy will be a key partner as we look to continue growing our Georgia team and provide opportunities for more diverse fintech employees within Elavon and U.S. Bank,” said Rachel Hansen, SVP and Business Information Officer at U.S. Bank.
The Fintech Academy partnership aligns closely with the work of the U.S. Bank Access Commitment, a long-term approach to how the bank serves racially diverse communities and provides more opportunities for diverse employees. For more on the U.S. Bank Access Commitment, please see the June 2021 update.
The Academy’s program is unique globally, partnering fintech and financial services companies with a wide variety of students interested in working the industry. Since the Academy’s creation in 2018:
- More than 3,200 students have participated in its curriculum programs at Georgia colleges and universities.
- Nearly three-fourths are from underrepresented groups within fintech, one-third are women and more than 95% of the participating students are from Georgia.
- More than 850 job placements at fintechs since 2019.
“Elavon played an important role in the creation of the Georgia Fintech Academy and this multi-year partnership now allows us to do even more for the diverse set of students excited to begin careers in fintech,” said Tommy Marshall, Executive Director of the Georgia Fintech Academy. “Payments and innovation in payments are important areas of student learning and exploration and areas that Elavon is well positioned to support.”
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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