Renewed long term partnership delivers industry-leading payments and eCommerce solutions to UK businesses
LONDON, 10 December 2019: Elavon, a leading global payments provider and subsidiary of U.S. Bancorp, and Santander UK have renewed an exclusive partnership to provide payments acquiring and eCommerce solutions to Santander’s customers for another five years. Since 2004, Elavon and Santander have worked together to offer payments solutions to businesses throughout the United Kingdom.
With a focus on innovation, the partnership brings additional investment in technology to support eCommerce and deepen relationships with customers, helping them grow and operate more efficiently. Businesses and consumers both benefit from Elavon’s best-in-class payments solutions in any environment needed, including card-present, in-app, mail/telephone, on-line as well as across international borders.
Colin Close, Country Manager, UK and International Corporate for Elavon Financial Services adds: “This is an exciting new chapter in our history with Santander UK. Together, our commitment, expertise and innovation in technology provides specialised payment and eCommerce solutions to meet the unique needs of different industries. This partnership supports our mission as part of U.S. Bank to help companies optimise their payments experience as the global economy becomes more digital.”
John Carroll, Head of International & Transactional Banking, Santander UK, adds: “We are delighted to renew our partnership with Elavon. Our commercial and strategic priorities align with Elavon's, and together we can help businesses maximise their revenue opportunities.”
Santander UK provides banking solutions to personal customers as well as small and medium-sized enterprises (SMEs) and large corporate businesses across a variety of industries including; manufacturing, restaurants, hotels, professional services, transport, construction, technology, charities and more. This partnership will enable Santander to better serve a wide range of businesses with bespoke payments solutions such as the recent provision of 1,100 cashless terminals for The Royal British Legion’s 2019 Poppy Appeal. This largest-ever deployment of contactless terminals for a UK charitable campaign resulted in over 120,000 ‘tapped’ donations to the Legion this year.
Elavon is a top choice for businesses looking for a reliable payments partner. It offers a full range of payments solutions and industry-leading security and fraud prevention services across more than 30 countries in Europe.
Santander: Lara Lipsey, P: Lara.Lipsey@santander.co.ukE:
Elavon is a leading global payments company with more than 4,300 employees and operations in 10 countries. A subsidiary of U.S. Bancorp (NYSE:USB), Elavon provides businesses with the technology needed to accept payments from customers, whether they are shopping in stores, at home or on the go. Its platform is distinctive in that it is common across countries, making it easier for businesses to get their payment system up and running quickly and securely.
Elavon Financial Services DAC, trading as Elavon Merchant Services, is regulated by the Central Bank of Ireland and the Prudential Regulation Authority and subject to limited regulation by the Financial Conduct Authority and Prudential Regulation Authority. Details about the extent of our authorisation and regulation by the Prudential Regulation Authority, and regulation by the Financial Conduct Authority are available from us on request.
About U.S. Bank
U.S. Bancorp, with 74,000 employees and $467 billion in assets as of December 31, 2018, is the parent company of U.S. Bank, the fifth-largest commercial bank in the United States. The Minneapolis-based bank blends its relationship teams, branches and ATM network with mobile and online tools that allow customers to bank how, when and where they prefer. U.S. Bank is committed to serving its millions of retail, business, wealth management, payment, commercial and corporate, and investment services customers across the country and around the world as a trusted financial partner, a commitment recognized by the Ethisphere Institute naming the bank a 2018 World’s Most Ethical Company. Visit U.S. Bank at www.usbank.com or follow on social media to stay up to date with company news.
About Santander UK
Santander UK is a financial services provider in the UK that offers a wide range of personal and commercial financial products and services. It has brought real competition to the UK, through its innovative products for retail customers and relationship banking model for UK SMEs. At 30 June 2019, the bank has around 24,000 employees. It serves around 15 million active customers, via a nationwide branch network, telephone, mobile and online banking; and 62 regional Corporate Business Centres. Santander UK is subject to the full supervision of the Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA) in the UK. Santander UK plc customers’ eligible deposits are protected by the Financial Services Compensation Scheme (FSCS) in the UK.
Banco Santander (SAN SM, STD US, BNC LN) is a leading retail and commercial bank, founded in 1857 and headquartered in Spain. It has a meaningful presence in 10 core markets in Europe and the Americas and is the largest bank in the euro zone by market capitalization. At the end of June 2019, Banco Santander had EUR 1.03 trillion in customer funds (deposits and mutual funds), 142 million customers, 13,000 branches and 200,000 employees. Banco Santander made underlying profit of EUR 4,045 million in the first half of 2019, an increase of 2% in constant euros compared to the same period last year.