Elavon and Santander team to offer merchant services in the UK



image Monday, Elavon, a wholly owned subsidiary of US Bancorp and a leading global payments provider and Santander, one of the strongest and best capitalized banks globally, announce they set up collaboration for implementing new merchant services in the UK.

This alliance will benefit Santander’s corporate and business customers, who will get access to Elavon’s robust and secure international processing platform, featuring cross border and multi-currency processing, eliminating the need for pan-European clients to contract with multiple processors, providing, at the same time, one point of service for all processing and customer supplying.

Elavon and Santander created the alliance, in a move to become one of the leading players in the UK acquiring market. Thus, Santander will be enabled to leverage Elavon’s end-to-end control of the processing relationship; from risk and underwriting, to processing, funding and all customer support functions. In turn, Elavon will increase significantly their presence in the UK market by partnering with one of the most respected and fastest growing institutions in the UK.

As Steve Pateman, Head of Corporate and Commercial Banking, Santander, stated “Santander aims to become the best commercial bank in the UK. “This new alliance further enhances our portfolio of market leading current account and money transmission services for new and existing customers and demonstrates our commitment to supporting UK business during these challenging times”. So he believes owing to the alliance UK businesses can get advantages from a comprehensive card processing system tailored to their specific needs with the added benefits of dynamic currency conversion and online account management.

ECJ




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