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Nova Information Systems

Welcome to the News View for "Nova Information Systems".

Here, on these archive pages, you'll find all of the articles on Payments News for Nova Information Systems listed in date sequence beginning with the most recent article at the top of the page.

Click here for a complete listing of what's available in the Payments News Archive - organized by both posting date and subject category.

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April 15, 2008

NOVA Information Systems Becomes Elavon

NOVA Information Systems (NOVA), a wholly-owned subsidiary of U.S. Bancorp, has unveiled a new global company name, Elavon. Elavon becomes the identity for NOVA and its affiliate merchant acquiring brands including First Horizon Merchant Services (FHMS) and euroConex. READ MORE »

February 07, 2008

Roger Alexander Named Industry Personality of the Year

Roger Alexander, President of Elavon Merchant Services (Europe) and seasoned payments industry veteran, has been named 'Industry Personality of the Year' at the Card Awards 2008, hosted at the Grosvenor Hotel in London on 31st January 2008.

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January 17, 2008

NOVA to Sign and Service American Express Merchants

NOVA Information Systems, a wholly owned subsidiary of U.S. Bancorp, and American Express have announced "the signing of an agreement under which NOVA will sign up and service American Express merchants on behalf of American Express. Under the terms of the agreement, NOVA will add American Express® Card acceptance to the payment processing services offered to merchants. NOVA will provide processing, settlement, customer support and reporting to merchants for all major card brands."

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May 23, 2007

NOVA Launches PCI Compliance Program for Small Businesses

NOVA Information Systems has announced a data security compliance program to help "Level 4" merchants comply with the Payment Card Industry Data security Standard (PCI DSS). According to the PCI DSS, Level 4 merchants are defined by processing fewer than 20,000 e-commerce transactions and/or fewer than 1 million Visa or MasterCard transactions annually. NOVA currently processes for more than 850,000 merchants in North America, most of which meet the Level 4 criteria.

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April 16, 2007

American Airlines Selects NOVA for Credit Card Processing

NOVA Information Systems, a wholly owned subsidiary of U.S. Bancorp, has announced that American Airlines has "entered into a multi-year credit card processing services agreement for its domestic bankcard business. In addition to performing all clearing and settlement functions, NOVA will provide a full range of services, including customer support and chargeback processing."

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November 28, 2006

NOVA Enhances Electronic Check Service

NOVA Information Systems has announced that it has enhanced its Electronic Check Service (ECS) product to meet the needs of multi-lane retailers by eliminating the investment in check imaging technology at the point of sale (POS). ECS now combines the benefits of real-time check authorization and risk mitigation services with back-office image uploads, resulting in improved cash flow and reduced risk.

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October 19, 2006

Big US Acquirers

With the latest round of quarterly financial results, several banks have reported their merchant acquiring business volumes for the third quarter. Of particular interest is the 18% growth experienced by Chase Paymentech - handling $168.7 billion in payment volume during the quarter. Bank of America's Merchant Services unit grew by 6.2% to $97 billion in payment volume while US Bank's Nova handled $56.4 billion, up over 26% although US volume vs. international isn't broken out in Nova's numbers.

October 09, 2006

NOVA To Offer Discover Pricing, Processing, Settlement, Support To Merchants

NOVA Information Systems and Discover Financial Services have announced the signing of a merchant acquiring agreement enabling NOVA to add Discover Network card acceptance to its portfolio of payment processing services. NOVA will provide consolidated pricing, underwriting, risk management, processing, settlement, support and reporting to its merchants, simplifying payments processing.

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January 31, 2006

Nova Buys First Horizon Merchant Services Business

ViewMedia-5.jpgNOVA Information Systems (NOVA), a wholly owned subsidiary of U.S. Bancorp, has announced that it has entered into a definitive agreement to acquire the merchant processing business of First Horizon Merchant Services Inc. (FHMS), a wholly owned subsidiary of First Tennessee Bank and a part of First Horizon National Corp.

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January 11, 2006

NOVA Appoints Roger Alexander CEO of euroConex

euroConexNOVA Information Systems has appointed Roger K. Alexander to the position of chief executive officer of euroConex Technologies Ltd., NOVA's European affiliate. Alexander will be responsible for running the company's pan-European merchant acquiring business.

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November 18, 2005

NOVA to Acquire Citibank Card Acceptance in Europe

NOVA Information Systems (NOVA), a wholly owned subsidiary of U.S. Bancorp, has announced that its European affiliate, euroConex, has entered into a definitive agreement to acquire Citibank Card Acceptance (CCA), a major European card acquirer and a part of Citigroup, Inc.

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July 19, 2005

US Bank Grows Merchant Processing Revenues by 20 Percent

US Bank reported second quarter financial results this morning that included growth in revenues from merchant processing of 20 percent for the quarter over the same quarter last year. Merchant processing revenues were $198 million for the quarter vs. $165 million last year.

Merchant processing services revenue was higher in the second quarter of 2005 than the same quarter of 2004 by $33 million (20.0 percent), reflecting an increase in sales volume, new business, higher equipment fees and the expansion of business in Europe.

May 23, 2005

NOVA Acquires Certegy's Merchant Acquiring Business

NOVA Information Systems, the merchant acquiring subsidiary of US Bank, has announced an agreement to acquire Certegy's existing merchant acquiring portfolio consisting of 14,000 merchant locations representing about $3 billion in annual credit and debit card processing volume.

As part of the deal, NOVA has agreed to sell Certegy's regional check products and Certegy has agreed to provide NOVA with new merchant referrals through its sales representatives.

For 2004, NOVA processed about $119 billion in credit and debit card volume (according to the Nilson Report) from over 650,000 merchants.

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March 14, 2005

Nova Introduces Dynamic Currency Conversion

Nova Information Systems has announced the availability of its dynamic currency conversion solution.

Dynamic Currency Conversion allows international cardholders in the U.S. the option to have their purchases instantly converted at checkout into their local currency. Currency conversion is calculated at a competitive exchange rate, and the U.S. dollar amount, conversion rate, and home currency amount are all printed on the receipt. Merchants, MSP's and other NOVA partners have the opportunity to share in the revenue generated from conversion fees.

November 03, 2004

Pamela Joseph to Head NOVA Information Systems

Richard K. Davis, president and chief operating officer of U.S. Bancorp, announced today that Pam Joseph has been named chairman, president and chief executive officer of its merchant payment processing subsidiary, NOVA Information Systems replacing Ed Grzedzinski.

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