|Industry||Finance and Insurance|
|Jamie Walker, CEO|
|Products||Payment Processing and Gateway Solutions|
Elavon Inc., formerly NOVA, is a processor of credit card transactions and a subsidiary of U.S. Bancorp. Elavon offers merchant processing in more than 30 countries and supports the payment needs of more than 1,000,000 merchant locations across the globe. Elavon is the 4th largest U.S. credit card processor and is a top 6 acquirer in the European marketplace.
In May 2000, Nova Corporation and the Bank of Ireland announced the formation a joint venture in Dublin, Ireland, to be called EuroConex Technologies which would process card payment throughout Ireland and eventually the rest of Europe.
In 2004, NOVA announced that EuroConex is to buy Polish processor "CardPoint" from "Bank Zachodni WBK", owned by AIB, netting AIB approximately €17million in profit. This move allows Bank Zachodni to "sponsor" Euroconex's operations in Poland.
- "U.S. Bancorp to Acquire NOVA Corporation: Combined Companies Create $100 Billion Merchant Payment Processor". PR Newswire (Press release). May 7, 2001.
- "Archived copy". Archived from the original on November 1, 2012. Retrieved March 7, 2012.
- Creaton, Siobhan (May 10, 2000). "B of I joint venture with Nova to create 500 jobs". The Irish Times.
- "U.S. Bancorp Buys Processor of Credit Card Debt". New York Times. May 8, 2001.
- NOVA acquires CardPoint of Poland from Bank Zachodni WBK | Business Wire | Find Articles at BNET[dead link]
- AIB Annual Report 2004
- "NOVA to buy Alliance & Leicester's merchant acquiring business". Finextra. April 30, 2004.
- McCaffrey, Una (April 29, 2004). "B of I to sell 50% stake in EuroConex for €40m". The Irish Times.
- "Outsourcer playing his cards right as Bank of Ireland quits venture". Irish Independent. May 6, 2004.
- "NOVA Information Systems Becomes Elavon, Joining Europe in Establishment of Global Acquiring Solutions Organisation: U.S. and Europe Align and Unveil International Processing Platform to Address the SEPA challenge". Business Wire (Press release). April 16, 2008.
- Brewer, Bill (April 16, 2008). "NOVA officially changes to Elavon". Knoxville News Sentinel.