Elavon and payleven Facilitate Mobile Payments

  Elavon and payleven Facilitate Mobile Payments

Enabling small and independent businesses to accept card payments efficiently,
        quickly and cost effectively using their smartphone or tablet

Business Wire

WATFORD, England -- November 07, 2012

Elavon, a wholly owned subsidiary of U.S. Bancorp (NYSE: USB) and a leading
global payment solutions provider, and payleven, Europe’s mobile payments
pioneer, have joined forces to boost mobile debit and credit card acceptance
by small and independent businesses in Europe.

payleven’s innovative solution turns smartphones and tablets into mobile debit
and credit card processing terminals using its free software app (available
for Apple iOS in the App Store and for Android devices in the Googleplay
store) plus a free card reader (or “dongle”). Elavon provides end-to-end
payment processing (acquiring) services – mobile payments cannot be transacted
without this functionality. The solution is currently running successfully in
Germany, Italy, Netherlands, Poland and the UK. payleven has also recently
announced the introduction of its new Chip & PIN reader across Europe which
will enable all businesses, regardless of size, to accept secure payments from
all major credit and debit card providers.

payleven initially spoke to several card acquiring companies: however, it very
quickly concluded Elavon was the right choice because of its international
processing capabilities, together with its fast and flexible approach. "Elavon
is the perfect partner for an innovative project like this," says Alexander
Zumdieck, Co-Founder of payleven. "There is no other card payment service
provider better positioned across Europe than Elavon. With its powerful,
international payment and service infrastructure, we chose a provider who
realises our services professionally, quickly and safely."

The solution is of particular relevance for small and independent businesses
that are often owner operated and often mobile - such as mobile beauticians,
hairdressers, market traders, electricians, plumbers, gardeners, delivery
services, taxis etc. The solution is quick, easy and cost effective to use and
includes transaction acceptance authorisation and approval, billing and online
reporting and customer service which are all provided by Elavon.

“Elavon is committed to delivering solutions that enhance business
opportunities for its customers, of all sizes, helping to make them more
efficient and more profitable. payleven’s solution is perfect for the
thousands of very small, often mobile, businesses in Europe today. Such
businesses have previously not been able to accept card payments easily or
cost effectively,” commented Jan Reinink, Head of Business Development in
Germany.

About Elavon (www.elavon.com): Elavon’s Global Acquiring Solutions
organization provides end-to-end payment processing services to over 1.2
million merchants in the US, Europe, Canada, Mexico, Puerto Rico and Brazil.
Elavon markets solutions including credit and debit card processing, dynamic
currency conversion, multi-currency support, and cross-border acquiring
through multiple alliance channels and tailors services to meet the needs of
customers in small business, retail, hospitality/T&E, health care, education
and the public sector. European activities are conducted through Elavon
Financial Services Limited, an Irish registered bank headquartered in Dublin,
which is a wholly owned subsidiary within the U.S. Bancorp (NYSE: USB) group
of companies.

payleven: payleven, Europe’s mobile payments pioneer, is a start-up with its
headquarters in Berlin and London and was founded in March 2012. payleven is
founded by a group of young entrepreneurs who want to do things differently
from the way big businesses operate. Our team members come from the payments
and financial service industries (including large corporations like American
Express, Travelex and Visa as well as small payment startups) and also from
the software and technology sectors. The company is under the leadership of
Co-Founders Rafael Otero, Alston Zecha, Konstantin Wolff and Dr. Alexander
Zumdieck and currently employs around 70 employees. Additional Information and
Press Material can be found at www.payleven.com/press.

Contact:

For Elavon
Claire Gajeckyj (Europe)
claire.gajeckyj@elavon.com
Direct line: 01923 651542
or
Jessica Dixon (Agency, Europe)
jessica.dixon@spider-pr.com
Telephone: 020 7403 6900
or
Louise Mulherin (Americas)
louise@mulherinpr.com
Direct line: 404-607-7459