Payments News from Glenbrook Partners
Glenbrook   Book   Education   Jobs   Views   Archives   Store   Advertise   About         SUBSCRIBE:

Elavon, Santander Announce UK Merchant Alliance Relationship

Elavon_logo-140px.jpgElavon and Santander have announced the launch of a new alliance for merchant services in the UK. This alliance combines Elavon, a wholly owned subsidiary of US Bancorp, and Santander, one of the strongest and best capitalized banks in the world. "Jointly, Elavon and Santander’s strategy is to become one of the leading players in the UK acquiring market. The new alliance will enable Santander to leverage Elavon’s end-to-end control of the processing relationship; from risk and underwriting, to processing, funding and all customer support functions, whilst Elavon will dramatically increase their presence in the UK market by partnering with one of the most respected and fastest growing institutions in the UK."

“Santander aims to become the best commercial bank in the UK. This new alliance further enhances our portfolio of market leading current account and money transmission services for new and existing customers and demonstrates our commitment to supporting UK business during these challenging times. Through the new Santander and Elavon alliance, UK businesses can benefit from a comprehensive card processing system tailored to their specific needs with the added benefits of dynamic currency conversion and online account management,” said Steve Pateman, Head of Corporate and Commercial Banking, Santander.

“Elavon’s alliance model has been an integral part of our success in the United States for almost 20 years, and we’re excited to leverage the reputation and reach of Santander as we expand in Europe,” said Stuart C. Harvey, Jr., CEO of Elavon.

The alliance will benefit Santander’s corporate and business customers, who, under the new agreement, will gain access to Elavon’s robust and secure international processing platform, which features cross border and multi-currency processing, eliminating the need for pan-European clients to contract with multiple processors, while providing one point of service for all processing and customer support.

Add your comment... (note that all comments are reviewed before they're published)

Feed You can follow this conversation by subscribing to the comment feed for this post.

If you have a TypeKey or TypePad account, please Sign In

Glenbrook Partners

PAYMENTS NEWS IS PRODUCED BY AND IS A SERVICE MARK OF GLENBROOK PARTNERS, LLC
ISSN 1556-4487

Glenbrook's Consulting Services

  • Innovation and Strategy
  • Payments Product Development
  • Payments Market Assessments
  • Payments Vendor Selection
  • Merchant Payments Optimization
  • Payments Risk Management
  •  
  • To discuss how Glenbrook can
    help you
    , email us:

Glenbrook's Payments Education

  • Payments Boot Camps
  • Payments Essentials Webinars
  • Private Payments Workshops
  •  
  •  
  •  
  •  
  • For more information on Glenbrook's payments education, email us:

Tools for Payments Professionals

  • Glenbrook Writings
  • Payments News
  • Payments Views
  • Payments Jobs
  • Payments Education
  • Payments Bookstore
  •  
  • To send us news that you'd like us to cover on Payments News, email us:

Contacts:                        
Compilation Copyright © 2002 - 2014 Glenbrook Partners LLC. All Rights Reserved.
Terms of Use        Privacy Policy        RSS Feed        Payments News RSS Feed

Subscribe to Payments News   

Follow Payments News on Twitter for Real-Time Updates