Company Overview of Elavon Inc.
Elavon Inc. provides payment processing solutions and services for small to enterprise-sized businesses in the United States, Europe, Canada, Mexico, Brazil, and Puerto Rico. It offers reseller and referral programs that include merchant processing services for financial institutions; payment processing services for MSPs/ISOs; and customer relationship management services. The company also provides Commerce SDK, a software development kit for developers at businesses, value added resellers, agents, and solutions providers to combine its payment processing, EMV certification coding, encryption and tokenization implementation, and hardware support for printers, terminals, and mobile devices. I...
Two Concourse Parkway
Atlanta, GA 30328
Founded in 1991
Key Executives for Elavon Inc.
Chief Executive Officer and President
Chairman of US Bancorp, Chief Executive Officer of US Bancorp and President of US Bancorp
President of North America
Compensation as of Fiscal Year 2015.
Elavon Inc. Key Developments
Citigroup Reportedly In Talks To Sell Stake In Elavon Brasil
Nov 23 15
Citigroup Inc. (NYSE:C) has put its stake in a Brazilian credit card processing joint venture with Elavon Inc up for sale, two sources with direct knowledge of the plan said. Elavon hired Greenhill & Co Inc (GHL.N) as an adviser, the sources added. Citigroup's stake has been offered to Itaú Unibanco Holding S.A., Banco Bradesco S.A. (BOVESPA:BBDC4), state-controlled lenders Caixa Econômica Federal and Banco do Brasil S.A. (BOVESPA:BBAS3) as well as Banco Santander (Brasil) S.A. (BOVESPA:SANB4), one source said. Itaú, Banco Bradesco, Caixa, Banco do Brasil and Banco Santander declined to comment.
Citigroup Reportedly To Exit Brazil Card Venture
Nov 23 15
Citigroup Inc. (NYSE:C) has put up for sale its stake in a Brazilian credit card processing joint venture with Elavon Inc, two sources with direct knowledge of the plan said.
Elavon to Provide athenahealth with EMV, Point-to-Point Encryption
Oct 5 15
Elavon announced that it will be the provider-of-choice for EMV, Point-to-Point Encryption (P2PE) and tokenization technology for athenahealth. All three technologies are part of Elavon’s Simplify software, which offers a layered approach to payment security: EMV: EMV chip technology integrates with credit card terminals to enhance fraud protection at the point of sale. An EMV liability shift occurred on Oct. 1, 2015, when non-EMV-enabled businesses will assume responsibility for any fraud that occurs. Encryption: Encryption services protect cardholder data throughout the entire transaction loop, from the moment of a 'swipe' or 'dip' until it reaches Elavon’s data centers for processing. Tokenization: A token, or a random sequence of numbers, is returned to the point-of-sale so the actual card number is never stored within a point-of-sale system. Tokens can then be used for recurring or subsequent transactions. Elavon’s Simplify payment software resides on the PIN pad and seamlessly integrates all of these security components. Simplify bypasses the healthcare provider’s software and systems, securely sending encrypted cardholder data directly to Elavon and eliminating the need for the point-of-sale system to transmit or process sensitive cardholder data. Previously, athenahealth offered tokenization for its payments solutions for healthcare providers, which is now upgraded for more comprehensive security technology with Simplify.
Similar Private Companies By Industry
Recent Private Companies Transactions