In-store and Online Payments Streamlined with New Elavon Payment Gateway | USB Stock News

10/24/2024 - 12:00 PM Cloud-based, Omni-Commerce Payments Gateway addresses evolving customer demands and business needs ATLANTA--(BUSINESS WIRE)--Elavon, a wholly-owned subsidiary of U.S. Bank and one of the largest global payment processors, announces the launch of its unified cloud-based Elavon Payment Gateway, enhancing payment experiences for both merchants and consumers.The Elavon Payment Gateway is a single omni-commerce gateway solution, leveraging the latest cloud technologies and serving customers globally. Designed to simplify and enhance the payment experiences, the Elavon Payment Gateway empowers merchants of all sizes to accept payments in-store, online and via mobile devices, all within a scalable, single, global platform.“Our cloud-based gateway will enable businesses to streamline their payment operations globally, providing a flexible and secure platform that grows with their needs,” said Pari Sawant, chief product officer for Elavon. “This launch reflects our dedication to offer an advanced payment platform to help merchants thrive in an increasingly complex, omni-channel commerce landscape.”The Elavon Payment Gateway offers powerful features to make commerce easier, safer and more scalable:Omnichannel Platform – Provides a unified payment experience across all channels. Integrates with digital wallets, including Paze, Apple Pay, Google Pay and regional Payment Methods for online purchases. Leverages the latest technologies, such as Android Smart Terminal Devices, to power in person payments.Comprehensive APIs – Delivers frictionless developer experiences through multiple integration options, including online checkout experiences, SDKs and plugins to leading eCommerce Software solutions such as Shopify & WooCommerce. Facilitates easy and fast check out experiences via Pay by Link functionality.Global Reach – Serves as a single technology platform, operating seamlessly across geographies.Cloud-based scalability – Is built on the latest technology, with the latest security & fraud management features such as 3D Secure and AI powered Real-time Fraud Scoring.Robust Value-added Services – Supports a broad range of needs, such as Dynamic Currency Conversion, Surcharging and Recurring Payment Subscriptions, to drive revenue and simplify business operations.Data-driven insights – Provides a unified view of transactions across all channels to provide a deeper understanding of customer needs, optimize revenues and deliver more personalized services.With 67% of consumers globally and 75% of consumers in the US and wanting to shop either online or a mix of remote and in-store– according to Visa’s 2024 Global Digital Shopping Index -- businesses increasingly need payments platforms with the flexibility to manage transactions quickly and securely, regardless of where the purchase is happening.Available in the US market for small businesses today, the Elavon Payment Gateway will continuously evolve to help more businesses thrive today and in the future. Learn more about Elavon Payment Gateway here.About ElavonElavon is owned by U.S. Bank (NYSE: USB), the fifth-largest bank in the United States, and provides end-to-end payment processing solutions and services to more than 1.3 million customers in the United States, Europe, and Canada. As the leading provider for airlines and a top five provider in hospitality, healthcare, retail, and public sector/education, Elavon’s innovative payment solutions are designed to solve pain points for businesses from small to the largest global enterprises.About U.S. BankU.S. Bancorp, with more than 70,000 employees and $686 billion in assets as of September 30, 2024, is the parent company of U.S. Bank National Association. Headquartered in Minneapolis, the company serves millions of customers locally, nationally and globally through a diversified mix of businesses including consumer banking, business banking, commercial banking, institutional banking, payments and wealth management. U.S. Bancorp has been recognized for its approach to digital innovation, community partnerships and customer service, including being named one of the 2024 World’s Most Ethical Companies and Fortune’s most admired superregional bank. Learn more at usbank.com/about.Disclosures:Deposit products are offered by U.S. Bank National Association. Member FDIC.View source version on businesswire.com: https://www.businesswire.com/news/home/20241024036134/en/Joseph RauchJoseph.Rauch@usbank.com919.260.2994Source: Elavon