Elavon Inc., formerly NOVA, is a major processor of credit card transactions and a subsidiary of U.S. Bancorp. Elavon offers merchant processing in more than 30 countries and supports the payment needs of more than 1,000,000 merchant locations across the globe. Elavon is the 4th largest U.S. credit card processor and is a top 6 acquirer in the European marketplace.
| Type | Subsidiary |
|---|---|
| Industry | Finance and Insurance |
| Headquarters | Atlanta, Georgia |
| Key people | Mike Passilla, CEO |
| Products | Payment Processing and Gateway Solutions |
| Parent | U.S. Bancorp |
| Website | www.elavon.com |
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NOVA founded in Atlanta, GA.
EuroConex founded as a joint venture between NOVA Information Systems and Bank of Ireland.
USBancorp acquired NOVA Information Systems.
EuroConex acquires Flexicom, an Irish developer of card-acquiring solutions, for €1.5 million.
NOVA announces that EuroConex is to buy Polish processor “CardPoint” from “Bank Zachodni WBK “, owned by AIB[1], netting AIB approximately €17million in profit[2]. This move allows Bank Zachodni to ‘sponsor’ Euroconex’s operations in Poland.
Bank of Ireland announces that it is to sell its stake in EuroConex to NOVA for €40 million, valuing the company at €80 million.
NOVA announces deals with Spanish Banco Santander, and the UK-based Alliance & Leicester, with 27,000 merchant accounts[3].
NOVA and EuroConex technical teams are merged in an effort to reduce redundancy and improve efficiency. They are tasked with building a single International Processing Platform.
NOVA expands to Canada.
Stuart Harvey is appointed CEO of NOVA.
Euroconex completes the Alliance & Leicester migration.
Euroconex announces acquisition of Citibank Card Acceptance, with the transfer of 160 staff from Citibank to Euroconex.
NOVA acquires First Horizon Merchant Services and all related assets including Global Card Services (GCS gateway.)
NOVA enters Puerto Rico through an alliance partnership with Banco Santander.
euroConex becomes Elavon.
Elavon completes International Processing Platform conversion in Europe, becoming first-to-market with a single, consolidated processing platform.
NOVA becomes Elavon — North America and Europe businesses align under one Global Acquiring Solutions organization.
Elavon acquires Southern DataComm.
Southern Datacomm and GCS are re-branded “Elavon”
Mike Passilla is named CEO of Elavon