ATLANTA (March 18, 2026) — Wally Mlynarski has been named CEO of Elavon, a wholly owned subsidiary of U.S. Bank and one of the largest payments processors globally with two million customers in the United States, Europe, and Canada.
Mlynarski most recently led merchant services and receivables at Bank of America. He previously spent seven years with U.S. Bank supporting Elavon, where he held leadership roles including chief product officer. In his new role, Mlynarski will report to Mark Runkel, vice chair and head of Payments: Merchants and Institutional at U.S. Bank.
“Wally’s extensive industry expertise will play a critical role in our continued growth as we deliver scalable, tech-led and embedded payments innovation for businesses of all sizes,” said Runkel. “His visionary leadership — combined with his deep understanding of our business — positions Elavon to continue helping customers solve their most complex payment challenges.”
Mlynarski holds a bachelor’s degree in computer engineering from the Georgia Institute of Technology in Atlanta. He is active in the Electronic Transactions Association (ETA), American Transaction Processors Coalition (ATPC) and the Metro Atlanta Chamber of Commerce. Mlynarski also volunteers with local youth sports teams in lacrosse and softball, and Atlanta based City of Refuge, an organization that supports battered women and victims of human trafficking.
He lives in metro Atlanta with his wife, Jessica, and their two daughters.
“I am honored to return to Elavon and help advance its position as a leading provider of premier payment experiences for our clients,” Mlynarski said. “Elavon’s commitment to delivering innovative solutions in a rapidly evolving environment empowers businesses to grow, support their customers and deliver superior service through advanced payments technology.”
Mlynarski succeeds Jamie Walker, who is transitioning to lead U.S. Bank’s newly created digital assets and money management organization after serving as Elavon CEO since 2017.
Elavon is a global payments leader, processing more than $576 billion in transactions worldwide annually. Backed by U.S. Bank, the fifth-largest commercial bank in the United States, Elavon offers a broad range of technologies and scalable payment solutions to businesses of all sizes. Elavon is the trusted payments partner for eight of the top 10 global airlines and seven of the top 10 largest U.S. hotel brands.
Media Contact:
John Friess
john.friess@usbank.com
720.2402.2869
Notes to editors
About U.S. Bancorp
U.S. Bancorp, with approximately 70,000 employees and $692 billion in assets as of December 31, 2025, is the parent company of U.S. Bank National Association. Headquartered in Minneapolis, the company serves millions of customers locally, nationally and globally through a diversified mix of businesses including consumer banking, business banking, commercial banking, institutional banking, payments and wealth management. U.S. Bancorp has been recognized for its approach to digital innovation, community partnerships and customer service, including being named one of Fortune’s most admired superregional banks. Learn more at usbank.com/about.
About Elavon
Elavon is wholly owned by U.S. Bank (NYSE: USB), the fifth-largest bank in the United States, and provides end-to-end payment processing solutions and services to more than 2 million customers in the United States, Europe, and Canada. As the leading provider for airlines and a top five provider in hospitality, healthcare, retail, and public sector/education, Elavon’s innovative payment solutions are designed to solve pain points for businesses from small to the largest global enterprises.
Contact:
John Friess
Communications Manager| Merchant Payment Services
Business Line Communications | Public Affairs & Communications
john.friess@usbank.com
Recognized leader in payment processing
Elavon is proud to be a recognized leader in the payments industry by Forbes Best of 2024 as one of the 10 best credit card processing companies.
We are your trusted partner for all of your payments needs. Don't just take it from us – see what others are saying on Trustpilot.
