Elavon adapts for the growing payment facilitator market

Publish Date:

Wednesday, October 18, 2017 10:40 am EDT

News Organization:

PaymentsSource

Source URL:

By turning itself into a pseudo payment facilitator as part of a new program, Elavon says it is in a better position to grow by offering services in a fast-growing sector.

The Atlanta-based payments processor and technology provider, a unit of U.S. Bancorp, is launching Scoop and Scoop Direct this month, targeting payment facilitators. By its simplest definition, a payment facilitator puts together contracts and handles transactions for a group of sub-merchants, thus allowing generally smaller merchants to bypass a direct merchant contract with an acquiring bank or independent sales organization.

But it's more complex than that when a payment facilitator is a franchisor taking all of the payments for the companies doing business under that brand, or paying those franchisees. Or maybe it's an integrated payments our cloud-based software provider interested in operating as a payments facilitator.

Elavon’s Media Contact:

Cara Crifasi 
Corporate Communications 
+1 303-268-2412  
Cara.Crifasi@elavon.com

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