Elavon Acquires Canadian Merchant Processor

Elavon announced that it has acquired Collective Point of Sale Solutions Ltd. (Collective POS) in Toronto, Canada.

“The opportunities for Elavon to leverage Collective POS’ solutions and established customer base in Canada will deliver the best of both companies’ offerings to the Canadian marketplace,” said Tom Boyer, President of North America for Elavon. “Establishing a greater presence in the Canadian market is in line with Elavon’s global growth plans.”

Collective POS serves nearly 12,000 businesses across Canada and processes in excess of $1 billion of purchase volume.