ATLANTA, Nov 09, 2010 (BUSINESS WIRE) --
Elavon, a leading global payments provider and wholly-owned subsidiary
of U.S. Bancorp (NYSE: USB) today announced the release of its
Enterprise Billing Solution (EBS) that delivers an efficient, end-to-end
solution to businesses seeking a single source provider for both
electronic bill presentment and payment (EBPP) and merchant card
processing services.
With Elavon's biller direct Enterprise Billing Solution, businesses can
increase consumer receivables, decrease costs, and benefit from the
flexibility to accept credit, debit and ACH payments. The solution also
extends the ability to manage the rules of payment acceptance, such as
convenience and service fee scenarios, control the brand, manage data
quality and provide an environmentally-friendly payments process for
their customers. And because it's from Elavon, businesses have one
source for acceptance, processing, funding and service, eliminating the
complexities of dealing with separate merchant processing and bill
payment providers.
"We strive to deliver advanced processing and reporting solutions that
deliver enterprise-wide efficiencies and improved service to our
customers," said Mike Passilla, president & CEO of Elavon. "In today's
marketplace, it is essential to consider how control of payment
solutions lower the total cost of card acceptance and markedly enhance
our customers' bottom lines."
Carl Sampson, Director of Systems with the City of Los Angeles agrees.
"Elavon's Enterprise Billing Solution has greatly reduced the
transactional costs associated with providing credit card payment
options to taxpayers. The volume of paper invoices has been reduced, and
the reconciliation process for payments has been simplified," he said.
"And, because we now support online billing, customer satisfaction
levels have increased."
EBS from Elavon provides a next-generation, enterprise capable
Electronic Bill Payment and Presentment solution that reduces the need
for billers to maintain multiple relationships to handle card acceptance
and bill payments, while greatly simplifying reconciliation. The
solution is protected within a PCI-, SAS70- and HIPAA-compliant
framework to meet a host of stringent data security standards, and
supports multiple forms of customer payment methods, including credit,
PIN-less debit and ACH.
About Elavon (www.elavon.com):
Elavon's Global Acquiring Solutions organization is a part of U.S.
Bancorp (NYSE: USB) and provides end-to-end payment processing services
to more than one million merchants in the United States, Europe, Canada,
Mexico 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
markets products and solutions through multiple alliance partner
channels including financial institutions, trade associations and ISOs
and meet the needs of merchants in specialized markets including small
business, retail, hospitality/T&E, health care, education and the public
sector.
SOURCE: Elavon
Elavon Media Relations
Holly Lytle, +1-678-731-5236
holly.lytle@elavon.com
or
U.S. Bank Media Relations
Teri Charest, +1-612-303-0732
Teri.charest@usbank.com
