Costco Extends Partnership with Elavon; Enhances Payment Processing Offerings to Business Customers

Monday, September 21, 2015 12:37 pm EDT


"Our members will continue to benefit from our relationship with Elavon."

Elavon, a leading global payments provider and subsidiary of U.S. Bancorp, and Costco Wholesale Corp. (“Costco”) have agreed to extend their relationship to offer payment processing solutions to Costco’s array of small to mid-size business customers.

“Since 1997, Elavon has delivered exceptional value and service to members who use our payment processing as well as our other popular business products,” said Tom Padilla, Assistant Vice President, Costco Services. “Our members will continue to benefit from our relationship with Elavon.”

The payment processing program for Costco members includes point-of-sale, mobile and eCommerce solutions, all of which offer top-tier security technology such as EMV as well as adherence to PCI compliance requirements. Costco Members can obtain program services via and in Costco warehouses. Elavon provides dedicated member service and support according to Costco’s high standards.

The program’s success is evident by client longevity. According to Jamie Savant, Co-Founder & Partner of The Strawhecker Group, a management consulting company focused on the payments industry, "Costco members are among the most loyal in the industry, staying with the program more than twice as long as the market average.”

“Having been a loyal member of Costco for many years, I am thrilled that my practice discovered Elavon through Costco’s business services,” said Steven Fontana, DDS, MD, owner of Gulfshore Oral Surgery in Naples, Fla. “Our credit card transactions are processed smoothly and consistently, and with the value we have come to expect from Costco.”

Guy Harris, Elavon’s North America president stated, “The renewal of this relationship is a natural fit. Costco’s steadfast focus on creating quality solutions for its members and Elavon’s commitment to premier customer service will continue to provide tangible benefits for members, including saving the average member hundreds of dollars annually.”


Dana Stone, 303-809-2199

Elavon’s Media Contact:

Cara Crifasi 
Corporate Communications 
+1 303-268-2412

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