Business growth takes hard work, ambition and expertise. So, while you focus on your goals, you’ll need a payment partner you can trust.
If you’re ready to unlock your online potential, we’ll help you create the payments experience your customers expect - helping you reach markets across the world.
If your business is ready to grow, don’t let payments slow you down. Explore our range of scalable payments solutions, ready to support your business as it expands.
Your customers want payments to be simple, reliable and secure. Switch to a provider who can deliver wherever and however a transaction takes place. Learn more here.
Wherever and however your business operates, give your customers a payment solution that goes beyond their expectations.
As an industry-leading provider, we help you deliver the exceptional payment experience your customers look for, every time they shop with you.
For over 30 years, we’ve worked side-by-side with airlines to deliver payment solutions for customers around the world. Learn how we can help you.
Give your customers the choice to pay however they want. Online, in person, in-app or over the phone: we've got you covered with simple solutions and integrated options.
Serve your customers making payments by phone or by mail with our Virtual Terminal. No specialised knowledge to install or operate.
We build payment partnerships with banks, financial institutions, ISOs, software vendors and payment gateways in every corner of the world.
Over 550 financial institutions around the world partner with Elavon to deliver fast, reliable payment solutions that customers trust.
We’ve worked with ISO partners for over 15 years, delivering the payments solutions their customers need in a diverse commercial landscape.
We build our IPS to handle the challenges of an evolving payments landscape, and help our partners around the world meet their customers’ changing needs.
Legal provisions that govern Elavon, its group, employers and general website users
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Important Legal Information
UK Tax Strategy Statement 18 December 2019
This Statement summarises the arrangements and approach under which the U.S. Bancorp Group (“U.S. Bank Group” or “the Group”) addresses the management of tax in our UK businesses. This document has been drafted to ensure that it is in accordance with the requirements of the UK Finance Act 2016 to have a tax strategy publicly available. We regard this statement as complying with our publication duty under Schedule 19 of the Act.
The U.S. Bank Group, based in Minneapolis, operates the 7th largest commercial bank in the United States and maintains operations in a number of countries worldwide. In the UK, the Group maintains 3 principal business units, carrying on payment services, corporate trust services and fund administration services respectively.
The Group places a high value on carrying on all aspects of its business with high ethical standards, going beyond any legal minimum, and regards its reputation as fundamental to its success.
Approach to tax governance and risk management
The Group company carrying on the vast majority of the Group’s business activity in the U.K. is Elavon Financial Services DAC (“EFS”)  . EFS is an Irish headquartered bank carrying on business across Europe through a number of branches, including a U.K. branch.
EFS adopted HM Revenue & Customs (HMRC’s) Code of Practice on Taxation for Banks in 2013 and has complied fully with its requirements. The Code requires banks operating in the UK to adopt best practices in tax management and not to promote or knowingly facilitate tax avoidance by other parties, including that banks should:
Arising from the nature of the three business activities carried on in the UK, a broad range of UK tax payment and reporting obligations arise, with the primary obligations arising under corporation tax, PAYE/NIC and VAT legislation.
Ultimate responsibility for compliance with UK tax law rests with the directors of the Group companies carrying on operations in the UK. Day-to-day responsibility for compliance is devolved to management through the companies’ Chief Executive Officers. As a general principle, line management who exercise control over a particular activity are responsible for ensuring that all legal and regulatory obligations arising from that activity are identified and fulfilled, with support from specialist expertise where required.
The Group’s approach is to apply appropriate levels of control and governance to UK tax matters, consistent with the approach it adopts to other matters involving compliance with the law and efficient financial and risk management. The Group seeks to ensure that management is enabled to fulfill all UK tax obligations and that tax management is subject to appropriate governance by maintaining a robust tax management framework, including:
Attitude to tax planning and tax risk appetite
The Group seeks to comply fully with all UK tax law while also refraining from engaging in any contrived or artificial tax planning arrangements with negligible business purpose.
In the course of managing tax risks, the Group continually takes account of the importance of the reputation of our business with our customers (current and future), counterparties, employees, regulators and other stakeholders.
Where any material element of UK tax law is identified as involving any significant degree of uncertainty the Group’s approach is generally to obtain external advice to inform the Group’s position.
Approach to dealings with HMRC
In accordance with the Code of Practice on Taxation for Banks, the Group maintains a transparent relationship with HMRC. Across various interactions, EFS Tax Department’s approach to dealing with HMRC is to be responsive, interactive, constructive and engaging. To the extent that an occasional difference of opinion might arise, EFS Tax’s approach would be to seek to resolve it with HMRC through constructive discussion of the relative merits of the arguments in favour of each side’s position.
When the opportunity arises, we seek to update HMRC on relevant changes in the business and discuss tax issues of current relevance to the Group.
Overall, we see the maintenance of such a relationship with HMRC as an integral and important element of our approach to achieving high standards of compliance with UK tax law and sound management of all UK tax risk inherent in our businesses.
 In addition the Group has three other entities in the UK as follows: US Bank Trustees Ltd, US Bank Nominees Ltd and US Bank Global Corporate Trust Limited
Elavon Financial Services DAC Pillar III Risk Disclosures
Last Update: 31 December 2016
Last Update: 31 December 2015
Last Update: 31 December 2014
Last Update: 31 December 2013
European Union (Capital Requirements) Regulations 2014 (S.I. 158/2014)
Last Update: 31 December 2018
Last Update: 31 December 2017
Last Update: 31 December 2016
Elavon Financial Services DAC UK Gender Pay Gap Report
Last Update: April 2020
Last Update: April 2019
to view our 2017 UK Gender Pay Gap Report
Last Update: April 2017