Elavon and Union Bank Extend Alliance Relationship
December 16 2014 - 9:00AM
Business Wire
New agreement will extend payment services to
business customers
Elavon, a leading global payments provider, and Union Bank have
agreed to extend their multi-year alliance, which will expand the
geographic coverage and availability of payment consultants across
Union Bank’s retail branch network, private bank and business
banking relationships and provide enhanced products that help
today’s tech-savvy small business customers.
“Merchant Services is an important offering that helps our
customers grow their businesses,” said Brian Milton, managing
director of Retail Home Equity, Credit Card and Merchant Services
for Union Bank. “By combining our banking expertise with Elavon's
premier payment-processing network, our customers have a one-stop
solution for all of their banking and payment-processing
needs.”
“Continuing our long-term relationship with Union Bank is a
strong endorsement for Elavon,” said Guy Harris, president of North
America at Elavon. “Continuing our relationship allows us to offer
innovative solutions that will help Union Bank’s merchant customers
compete in today’s marketplace and manage the cost of
payments.”
Union Bank provides an array of financial services to small
businesses and middle-market companies, including deposit
solutions, loans, lines of credit, specialized credit programs and
online business products. The bank operates more than 400 branches
across the United States, including in California, Washington,
Oregon, Texas, Illinois, New York and Georgia.
Under the terms of the agreement, Union Bank’s new and existing
merchant customers will benefit from Elavon’s customer-first
approach and innovative payment solutions that help customers
grow.
About Elavon (www.elavon.com)Elavon is
wholly owned by U.S. Bancorp (NYSE: USB) and provides end-to-end
payment processing solutions and services to more than a million
customers in the United States, Europe, Canada, Mexico, Brazil and
Puerto Rico. As the #1 provider for airlines and a top five
provider for hospitality, healthcare, retail, and public
sector/education, Elavon’s innovative payment solutions are
designed to solve pain points for businesses from small to
enterprise-sized.
About MUFG Union Bank, N.A.MUFG Union Bank, N.A., is a
full-service bank with offices across the United States. We provide
a wide spectrum of corporate, commercial, retail banking and wealth
management solutions to meet the needs of customers. The bank also
offers an extensive portfolio of value-added solutions for
customers, including investment banking, personal trust, capital
markets, global treasury management, transaction banking and other
services. With assets of $110.9 billion (USD), as of September 30,
2014, the bank has strong capital reserves, credit ratings and
capital ratios relative to peer banks. MUFG Union Bank is a proud
member of the Mitsubishi UFJ Financial Group (NYSE: MTU), one of
the world’s largest financial organizations with total assets of
approximately ¥264 trillion (JPY) or $2.4 trillion (USD)1, as of
September 30, 2014. MUFG Americas Holdings Corporation, the
financial holding company and MUFG Union Bank, N.A. have corporate
headquarters in New York City.1 Exchange rate of USD=¥109.45
(J-GAAP) as of September 30, 2014
Elavon Media RelationsDana Stone,
720-250-0455Dana.stone@elavon.com
US Bancorp (NYSE:USB)
Historical Stock Chart
From Jun 2024 to Jul 2024
US Bancorp (NYSE:USB)
Historical Stock Chart
From Jul 2023 to Jul 2024