Five Year Agreement Spans Across North America
ATLANTA--(BUSINESS WIRE)--Nov. 17, 2009--
Elavon, a wholly owned subsidiary of U.S. Bancorp (NYSE: USB) and a
leading global acquirer announced today that the brand has signed a five
year agreement with Hard Rock International to provide service to all of
their cafe and retail locations across the U.S., Canada and Puerto Rico.
Elavon’s solution provides a single source for credit and debit
payments, from authorization to funding, and streamlines payment
security, industry compliance, financial reporting and reconciliation
and support for Hard Rock International’s more than 96 merchant accounts
in the brand’s cafes and Rock Shops across North America.
“Consolidating payments across our enterprise has been an integral part
of our strategic plan this year,” said Tom Gispanski, Vice President of
Finance and Chief Financial Officer of Hard Rock International.
“Elavon’s team of experienced solution engineers has made this
transition smooth and seamless, and they are diligent in their
determination to provide the kinds of cost-saving measures that
consolidated processing can offer our business.”
“Hard Rock International’s North American enterprise is an exciting
addition to Elavon’s merchant portfolio,” said Stuart C. Harvey, Jr.,
CEO at Elavon. “We look forward to working with them to provide
high-value solutions that deliver operational and financial efficiencies
to their business.”
About Elavon: Elavon’s Global Acquiring Solutions organization is
a part of U.S. Bancorp. 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. For more information visit www.elavon.com.
About Hard Rock International: With a total of 157 venues in 53
countries, including 127 cafes and 12 Hotels/Casinos, Hard Rock
International is one of the world's most globally recognized brands.
Beginning with an Eric Clapton guitar, Hard Rock owns the world's
greatest collection of music memorabilia, which is displayed at its
locations around the globe. Hard Rock is also known for its collectible
fashion and music-related merchandise, Hard Rock Live performance venues
and an award-winning website. In addition to the two flagship Seminole
Hard Rock Hotels and Casinos in Tampa and Hollywood, Fla., Hard Rock
Hotels/Casinos are located in Las Vegas, Biloxi, Orlando, Chicago, San
Diego, Pattaya, Bali, Macau and Penang. Additional hotel and casino
projects have been announced in; Singapore and Punta Cana, scheduled to
open in 2010; Atlanta and Panama, both scheduled to open in 2012; and
Hungary, Dubai and Abu Dhabi, scheduled to open in 2013. Hard Rock
International is owned by Seminole Hard Rock Entertainment, Inc. For
further details on Hard Rock Hotels and Casinos, visit www.hardrockhotels.com.
For more information on Hard Rock International, visit www.hardrock.com.
Elavon Media Relations
Holly Lytle, 404-606-0129
PR on behalf of Hard Rock International
John Gogarty, 973-316-1665
Bank Media Relations
Teri Charest, 612-303-0732