Elavon has completed the acquisition of Electronic Transaction Systems (ETS), a financial technology company based in Virginia.
The acquisition of ETS is part of Elavon's multimillion-dollar investment aimed at enhancing its eCommerce offering and integrating its payments capabilities into software its customers already use.
“ETS has an innovative gateway that fits well within Elavon’s strategy to provide safe payment technology and the ability to quickly integrate any customer into our system,” said Jamie Walker, CEO of Elavon. “ETS adds value because it is integrated with several software vendors in specific segments, enabling businesses to accept payments within the software solution they are using to run their business. We are thrilled to bring this enhanced offering to our clients.”
Elavon and the global merchant processing business is one of the areas that makes U.S. Bank a standout among financial institutions. Increasingly, business owners expect that the software solutions they use to run their businesses will come with payments acceptance and processing embedded in the software offering. Integrated payments is one of the ways we’re creating the future now.
“ETS’ technology provides a gateway to payment processing for golf courses and municipalities,” said Guy Harris, President of North America and Global Revenue. “Elavon has deep experience in providing payment services to municipalities and, since many cities often run their public golf courses, this acquisition will create opportunities for us to grow in that sector as well.”
Elavon is wholly owned by U.S. Bank, the fifth-largest bank in the United States, and provides end-to-end payment processing solutions and services to more than 1.3 million customers in the United States, Europe, Canada, Mexico and Puerto Rico. As the leading provider for airlines and a top five provider in 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.
Please direct any press questions to Molly Snyder at