Exclusive Marketing Agreement Spans 70 Branches, 2,200 Merchants
ATLANTA & TALLAHASSEE, Fla.--(BUSINESS WIRE)--Aug. 8,
2008--Elavon, formerly NOVA Information Systems, a wholly owned
subsidiary of U.S. Bancorp (NYSE:USB), has acquired substantially all
of the merchant processing portfolio of Capital City Bank, a
subsidiary of Capital City Bank Group Inc. (NASDAQ: CCBG), with 70
branches across Florida, Georgia and Alabama. The agreement extends
Elavon's robust payment processing solutions to Capital City Bank's
existing base of 2,200 merchants and will also service new merchants.
"We are pleased to align Elavon's solutions with Capital City
Bank's merchant portfolio," said Stuart C. Harvey, Jr., CEO of Elavon.
"Through our referral bank model, we enable financial institutions of
all sizes to create operational and financial efficiencies that
address both their business needs and those of their clients."
"Our alliance with Elavon delivers true value to our commercial
and small business clients," said Ed Canup, Executive Vice President
of Commercial Banking. "It allows us to confidently market a variety
of secure and flexible payment solutions to merchants, knowing that
they are backed by Elavon's powerful processing network and excellent
customer service."
While the transition of merchant services to Elavon will not
affect Capital City clients' banking relationships, merchants will
benefit from robust debit and credit card processing, a choice of
point-of-sale devices and software, advanced e-commerce products, gift
card solutions, electronic check services, and enhanced reporting.
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 about Elavon visit www.elavon.com.
About Capital City Bank Group, Inc.
Capital City Bank Group, Inc. (NASDAQ: CCBG) is one of the largest
publicly traded financial services companies headquartered in Florida
and has approximately $2.7 billion in assets. The Company provides a
full range of banking services, including traditional deposit and
credit services, asset management, trust, mortgage banking, merchant
services, bankcards, data processing and securities brokerage
services. The Company's bank subsidiary, Capital City Bank, was
founded in 1895 and now has 69 banking offices, one mortgage lending
office, and 82 ATMs in Florida, Georgia and Alabama. Since 2005, the
Company has been named annually as a dividend Achiever by Mergent,
Inc., a leading provider of information on publicly traded companies.
To be named a Dividend Achiever, a public company must have increased
its regular cash dividends for at least 10 consecutive years. For more
information about Capital City Bank Group, Inc., visit www.ccbg.com.
CONTACT: Elavon Media Relations
Holly Lytle, 404-606-0129
Holly.Lytle@elavon.com
or
Elavon Media Relations
Teri Charest, 612-303-0732
or
Capital City Bank Group, Inc.
J. Kimbrough Davis, EVP, 850-402-7820
SOURCE: Elavon
