ATLANTA, Jul 28, 2008 (BUSINESS WIRE) -- Elavon, formerly NOVA Information Systems, a wholly owned
subsidiary of U.S. Bancorp (NYSE:USB), has renewed its agreement with
Regency Hotel Management and Affiliates (Regency) to provide acquiring
services and payment solutions across their North American enterprise
which includes more than 50 owned and managed properties in 9 states
including Hilton, Radisson, Choice, Best Western and ClubHouse. The
3-year renewal extends Elavon's credit/debit card processing services
to Regency's properties.
"Elavon understands the unique challenges that hospitality clients
face in payment processing," said Robert Thimjon, CFO of Regency.
"Their flexible solutions effectively consolidate payment processing
and reporting functions across our properties."
"Regency remains an exceptional client committed to exploring
innovative solutions that consolidate their payment needs," said
Stuart Harvey, CEO of Elavon. "We appreciate their business, and look
forward to the continued delivery of new solutions and excellent
service to enhance their efficiency."
Elavon's payment processing solutions for the hospitality market
consolidate the payments process across an enterprise - whether from
multiple point-of-sale locations within a single property or across a
global footprint. From gateway services and VARs to reporting tools
that slash chargebacks to half the industry average, Elavon's
end-to-end network addresses the unique needs of hospitality and
travel and entertainment clients.
About Elavon: Elavon's Global Acquiring Solutions organization is
a part of U.S. Bancorp (NYSE: USB). Elavon provides end-to-end payment
processing services to more than one million merchants in the United
States, Europe, Canada and Puerto Rico. Solutions include credit and
debit card processing, electronic check services, gift cards, dynamic
currency conversion, multi-currency support, and cross-border
acquiring. Elavon's services are marketed through multiple alliance
partner channels including financial institutions, trade associations
and ISOs. Elavon has solutions to meet the needs of merchants in
specialized markets including small business, retail, hospitality/T&E,
health care, education and the public sector. Elavon represents the
former brands of NOVA Information Systems and its affiliates FHMS and
euroConex. For more information visit www.elavon.com.
About Regency Hotel Management and Affiliates: Regency Hotel
Management is a full-service hotel management company ranked among the
top hotel companies in the country. Management services include
initial consultation, pre-opening, and ongoing management contracts,
as well as sales and marketing, accounting, financial, consulting,
asset management and purchasing. Regency Hotels owns and operates
hotels under various franchises and is actively pursuing additional
acquisitions and management contracts. Regency has assembled a driven,
qualified team to effectively manage hotel properties, evaluate the
product, and develop a plan for maximizing market potential and
profitability. For more information visit www.regency-mgmt.com.
Elavon Media Relations
Holly Lytle, 678-731-5236
Teri Charest, 612-303-0732