Elavon
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 [1] 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 | Simon Haslam, CEO |
| Products | Payment Processing and Gateway Solutions |
| Parent | U.S. Bancorp |
| Website | www.elavon.com |
History
Been in the processing industry since 1963.
1991
NOVA founded in Atlanta, GA.
Founding Members Edward Grzenski, Bill Kinard, Rebecca L. Powell, Paul W. Bowers, Steve A. Hughes, James M. Rinkel, Tammy Cooper Zimmerman, Donna S. Hall, Elmer F. Arnold III, Rodney N. Beegle
2000
EuroConex founded as a joint venture between NOVA Information Systems and Bank of Ireland.
2001
USBancorp acquired NOVA Information Systems.
EuroConex acquires Flexicom, an Irish developer of card-acquiring solutions, for €1.5 million.
2004
NOVA announces that EuroConex is to buy Polish processor “CardPoint” from “Bank Zachodni WBK “, owned by AIB,[2] netting AIB approximately €17million in profit.[3] 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.[4]
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.
2005
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.
2006
NOVA acquires First Horizon Merchant Services and all related assets including Global Card Services (GCS gateway).
2007
NOVA enters Puerto Rico through an alliance partnership with Banco Santander.
euroConex becomes Elavon.
2008
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.
2009
Southern Datacomm and GCS are re-branded “Elavon”.
2010
Mike Passilla is named CEO of Elavon.
2013
Simon Haslam is named CEO of Elavon.
References
- ↑ http://www.extracreditcards.com/articles/2010june/majoronlinecc-3.htm
- ↑ NOVA acquires CardPoint of Poland from Bank Zachodni WBK | Business Wire | Find Articles at BNET
- ↑ AIB Annual Report 2004
- ↑ Finextra: NOVA to buy Alliance & Leicester's merchant acquiring business