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April 27, 2015 1:16 AM ET

IT Services

Company Overview of Elavon Inc.

Company Overview

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

Suite 800

Atlanta, GA 30328

United States

Founded in 1991

1,400 Employees

Phone:

678-731-5000

Fax:

865-577-0661

Key Executives for Elavon Inc.

Chief Executive Officer and President
Chief Financial Officer
Chief Operating Officer
Chairman of US Bancorp, Chief Executive Officer of US Bancorp and President of US Bancorp
Age: 56
President of North America
Compensation as of Fiscal Year 2014.

Elavon Inc. Key Developments

Elavon Announces its New Software Development Kit, Commerce SDK

Elavon announced its new software development kit, Commerce SDK which enables businesses to start accepting ApplePay™ and streamlines a path to EMV. Elavon was one of the first acquirers to offer Apple Pay to merchants for consumer use in the U.S. and continues to bring the easy, secure and private payment service to merchants. The Commerce SDK comprehensive kit accelerates a business’ ability to implement a secure, EMV-compliant payment solution by combining Elavon’s global payment processing, EMV certification coding, encryption and tokenization implementation and hardware support for printers, terminals and mobile devices into one package that is easy to integrate. Supported platforms include iOS, Android, Linux, and Windows. Talech is integrated into Elavon’s Commerce SDK, allowing businesses to accept EMV payments and ApplePay. Commerce SDK is available to developers at businesses, value added resellers, agents and solutions providers and is supported by Elavon’s world-class customer service.

Credit Card Fraud Control Corporation Enters into Settlement and Patent License Agreement with Elavon, Inc

Acacia Research Corporation announced that its Credit Card Fraud Control Corporation, subsidiary has entered into a settlement and patent license agreement with Elavon Inc. The agreement resolves litigation that was pending in the United States District Court for the NorthernDistrict of Texas.

Elavon Offers EMV with its Simplify Payment Application

Elavon announced that it now offers EMV with its Simplify payment application. The application is pre-certified for EMV prior to the October 1, 2015 liability shift deadline, when non-EMV-enabled businesses and card issuers will assume responsibility for any fraud that occurs. EMV, or Europay MasterCard Visa is a globally accepted card standard that uses an embedded microchip to provide unique data protection when the card is inserted into a chip-card reader. Certification requires businesses to provide adequate EMV coding via an acquirer for all payment elements, including the PIN-enabled device, point of sale (POS) terminal, payment gateway and third party processor as well as for each card scheme. Simplify is a software application that resides within a payment terminal that is integrated with a customer's current POS or Property Management System (PMS). The application uses a layered approach to security that combines encryption, tokenization and EMV to mitigate vulnerabilities while cardholder data is in-transit, in-use and at-rest. Simplify securely encrypts card data and sends the transaction to Elavon's Fusebox Gateway, where a token is created and returned to the payment terminal. Concurrently, the EMV-enabled application uses advanced algorithms contained on a CHIP card to authenticate that the card is not counterfeit when it's used at the payment terminal. Within seconds, sensitive cardholder data is easily isolated from a business payment system and the card is verified as legitimate.

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