Elavon
 | |
| 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 |
Elavon Inc., formerly NOVA, is a 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.[1]
History
Been in the processing industry since 1963.
1991
NOVA founded in Atlanta, GA.
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]
2005
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
euroConex becomes Elavon.
2008
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”.
2013
Elavon Acquires Canadian Merchant Processor Collective Point of Sale Solutions