Elavon and Union Bank Extend Alliance Relationship

New agreement will extend payment services to business customers

Tuesday, December 16, 2014 11:10 am EST

Dateline:

ATLANTA
"Continuing our long-term relationship with Union Bank is a strong endorsement for Elavon"

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 innovation and 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

Contact:

Elavon Media Relations
Dana Stone, 720-250-0455
Dana.stone@elavon.com

Elavon’s Media Contact:

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

back to top