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September 04, 2015 8:09 PM 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: 57
President of North America
Compensation as of Fiscal Year 2015.

Elavon Inc. Key Developments

Elavon Partners with Emdeon to Launch Transend Pay

Elavon and Emdeon announced the launch of Transend Pay, an innovative payments processing platform for hospitals and healthcare providers that significantly reduces the time it takes to receive payments from health insurance carriers. Paper checks may have little to no direct cost to the payee, but there are numerous indirect costs associated with the handling process such as slowing down cash flow availability and adding non-patient paper work for staff. Electronic deposits via Transend Pay do not require staff to open, record, reconcile, and deposit payments, offering significant time savings compared to checks. With Transend Pay, claim payments from participating insurance payers are deposited automatically into a hospital or healthcare provider’s bank account on file with Elavon and are reported on bank statements and MerchantConnect.com, Elavon’s online customer reporting tool. Because Emdeon serves as the clearinghouse for the paying insurance companies, protected health information remains secure via this new processing platform.

Elavon Signs Wyndham Hotel Group to Multi-Year Agreement

Elavon has signed a multi-year agreement with Wyndham Hotel Group to integrate secure payment technology for approximately 4,500 of the company’s more than 7,600 hotels over the next 18 months. The integration leverages Elavon’s Fusebox gateway and Simplify payment security software application to remove cardholder data from each hotel’s Property Management System (PMS). This layered approach to security includes encryption, tokenization and EMV acceptance devices and helps hotels mitigate risk associated with PCI compliance and the EMV liability shift coming in October, 2015.

New Jersey Treasury Department Awards Contract for Credit Card Processing Services to Elavon Inc

New Jersey Department of Treasury, Division of Purchase and Property has awarded a contract (T-2551) for credit card processing services, statewide to Elavon Inc. Contract Period is Sept. 01, 2009 to Oct. 31, 2015.

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