Elavon

What Elavon does

Elavon is a global payment processing company and a wholly-owned subsidiary of U.S. Bancorp (NYSE: USB), founded in 1991 and headquartered in Atlanta, Georgia. The company provides end-to-end merchant acquiring and payment processing services across in-person, online, and mobile channels, serving more than 2 million customers in the United States, Europe, and Canada. It processes over $576 billion in transactions annually and is ranked the fifth-largest U.S. merchant acquirer and the second-largest bank-owned acquirer in the 2025 Nilson Report, also placing fourth in card-not-present (eCommerce) purchase volume.

Elavon's product portfolio centers on the cloud-based Elavon Payment Gateway (EPG), a unified omni-commerce platform launched in October 2024 with AI-powered Real-time Fraud Scoring, 3D Secure, and digital wallet support, alongside the award-winning Fusebox gateway (TSG "Best Performing Gateway" and "Best Transaction Speed" for seven consecutive years) and Converge gateway. Supporting products include the talech POS suite (Mobile, Register, Terminal, Restaurant, Retail, and Services variants), the Cloud Payments Interface (CPI) RESTful API for hospitality, embedded consumer financing via U.S. Bank Avvance ($300–$25,000 loans, 3-month to 7-year terms), Quick Capital revenue-based SMB financing through a Liberis partnership, the MedEpay healthcare patient-payments platform integrated from the Salucro acquisition, and Mass Transit Payments for SEPTA and international transit operators. Distribution is anchored in the WorksWith Elavon ecosystem of 100+ certified software and hardware integrations, with REST APIs and SDKs available through the Developer Portal.

Revenue is generated primarily through transaction-based take rates on payment processing, supplemented by subscription and usage fees for gateway services, hardware sales of Castles and talech terminals, embedded financing revenue from Avvance and Quick Capital, and ancillary value-added services such as interchange optimization, multi-currency conversion, surcharge programs, chargeback management, and PCI compliance support. The go-to-market blends direct enterprise field sales for large merchants (8 of the top 10 global airlines, 7 of the top 10 U.S. hotel brands), inside sales for mid-market and SMB segments, an extensive partner network spanning ISOs, ISVs, payment facilitators, financial institutions (notably BMO for white-label distribution), and marketplace listings (Microsoft Marketplace, WooCommerce Marketplace). Pricing is quote-based and varies by transaction volume, industry vertical, average ticket size, and card mix.

Name

Elavon

Legal name

Elavon, Inc.

Website

https://elavon.com

Company type

Private

Founded year

1991

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Elavon is the merchant-acquiring arm of U.S. Bancorp, providing end-to-end payment processing and gateway services to more than 2 million businesses across the United States, Europe, and Canada. It is the fifth-largest U.S. acquirer by volume, with proprietary Fusebox and EPG gateway technology and deep specialization across airlines, hospitality, healthcare, retail, and SMB segments.

Ownership category

akta.pro rank

Product category

Payment Processing

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320), Securities and Commodity Contracts Intermediation and Brokerage (5231), Sales Financing (52222)

SIC

Finance Services (6199)

akta.pro primary industry

Integrated Payment Processors (PSP/Acquirer) (FSAMABAA)

akta.pro secondary industries

Merchant Acquiring & Card Processing (PSPs) (CRAFALAB), Merchant Acquiring & Processing Platforms (BPAMAFAB), Embedded Payments (Pay-ins, Pay-outs, Wallets) (FSAGALAB)

Keywords

• Payment processing services
• Merchant acquiring solutions
• Payment gateway platforms
• Point of sale systems
• Embedded lending products

Headquarters

HQ city

Atlanta

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Technology or R&D, Personnel, Infrastructure, Marketing or Sales

Revenue model

1. Payment Processing Transaction Fees: Core revenue from processing payment transactions across credit cards, debit cards, and digital payment methods. Transaction fees constitute primary revenue stream for merchant acquiring services.
2. Payment Gateway Services: Subscription and usage-based revenue from providing gateway infrastructure for online and omnichannel payment processing through Fusebox and EPG platforms.
3. Point-of-Sale Lending (Avvance): Revenue from consumer loans originated at point of sale through U.S. Bank Avvance program. Merchants receive full payment upfront while consumers pay over time.
4. Value-Added Services: Revenue from ancillary services including payment optimization, debit optimization, multi-currency conversion, dynamic currency conversion, surcharge programs, gift card processing, and ACH/echeck processing.
5. Embedded Lending (Quick Capital): Revenue-based financing through Liberis partnership providing working capital to SMBs with single simple fee structure rather than interest.
6. POS Hardware Sales: Revenue from sale and lease of payment terminals, smart terminals, and Android-based POS devices through Castles Technology partnership.

Pricing tiers

Go-to-market motion4 records

Distribution channels9 records

Marketing channels7 records

Core offering

Elavon is a global merchant acquiring and payment processing company that enables businesses of all sizes to accept in-person, online, and mobile payments across credit, debit, and digital methods. Its portfolio includes proprietary payment gateways (Fusebox, Converge, Elavon Payment Gateway), the talech point-of-sale suite, the All-In-One Payments Platform, vertical-specific solutions (Cloud Payments Interface for hospitality, Mass Transit Payments, healthcare payments), and embedded financing products such as Avvance POS lending and Quick Capital merchant funding.

Product overview

Elavon is a global payment processing company and wholly-owned subsidiary of U.S. Bank offering a comprehensive portfolio of payment solutions. The core offering centers on merchant services and payment processing for in-person, online, and mobile channels. Key products include: the Fusebox and Converge payment gateways (with Fusebox recognized for 7 consecutive years); the talech POS suite (Mobile, Register, Terminal, Restaurant, Retail, Services variants); the cloud-based Elavon Payment Gateway (EPG) launched in 2024 with AI-powered fraud scoring; the All-In-One Payments Platform expanding across North America; Elavon Business Solutions for small businesses; and specialized vertical solutions including Cloud Payments Interface (CPI) for hospitality, MedEpay for healthcare, and Mass Transit Payments. Additional offerings include Avvance POS lending, Quick Capital merchant funding (via Liberis), Live Payments for Microsoft 365 integration, WorksWith partner ecosystem, and various optimization, security, and reporting services. The ecosystem is supported by the Developer Portal providing REST APIs and SDKs.

Differentiator

Problem solved

Functional benefit

Brands

• Elavon Business Solutions: Industry-tailored payments solution designed to help small businesses start, operate, and grow with payments, software, and services in one unified platform.
• Elavon Payment Gateway (EPG)
• Fusebox
• Converge
• talech
• WorksWith Elavon
• Quick Capital

Products and services

• Merchant Services & Payment Processing End-to-end payment processing and merchant acquiring services enabling businesses to accept credit, debit, and digital payments across in-person, online, and mobile channels in the United States, Europe, and Canada.
• Fusebox Payment Gateway Proprietary omnichannel payment gateway offering high uptime, fast authorization, and global transaction processing for merchants and ISVs.
• Converge Payment Gateway Payment gateway providing merchants with billing, invoicing, digital wallet, account updater, buy buttons, and subscription billing functionality.
• Elavon Payment Gateway (EPG) Unified cloud-based payment gateway serving in-store, online, and mobile payments globally with AI-powered fraud scoring, 3D Secure, and digital wallet support.
• talech POS Suite Suite of point-of-sale software solutions (Mobile, Register, Terminal, Restaurant, Retail, and Services variants) providing inventory management, reporting, and employee management for small businesses.
• All-In-One Payments Platform Integrated Android-based payments and POS platform combining Elavon payment infrastructure with hardware and software partners for hospitality, healthcare, and retail verticals.
• Elavon Business Solutions Industry-tailored SMB payments suite combining payments, software, and services in a unified portal with bundles for retail, restaurants, services, and eCommerce.
• U.S. Bank Avvance POS Lending Embedded point-of-sale lending solution enabling businesses to offer consumer financing at checkout with loans ranging from $300 to $25,000 and terms from 3 months to 7 years.
• Quick Capital (Liberis Partnership) Revenue-based financing solution for small businesses providing fast access to working capital in 1-2 business days with a single simple fee, integrated within the Elavon merchant portal.
• Elavon Live Payments Embedded-payments app for Microsoft 365 integrating with Outlook and Teams to enable businesses to create invoices and collect payments within productivity tools.
• Cloud Payments Interface (CPI) Cloud-based RESTful API simplifying digital and in-person payments for hotels and hospitality businesses, enabling mobile check-in and contactless payments without traditional terminal equipment.
• Mass Transit Payments Contactless fare collection solution for transit agencies enabling passengers to tap any enabled card or mobile device, reducing transaction costs and streamlining boarding.
• CenPOS Payment solutions for automotive dealers, supply chain operators, wholesale distributors, and heavy equipment industries.
• MedEpay Healthcare Payments Healthcare financial technology platform for patient payments, billing, and revenue cycle management serving hospitals, health systems, and medical practices.
• Elavon Developer Portal Developer platform providing REST APIs, SDKs, plugins, and integration documentation for the Elavon Payment Gateway, Cloud Payments Interface, and Avvance embedded financing.

Quantifiable outcome

• Fusebox gateway awarded Best Performing Gateway and Best Transaction Speed for 7th consecutive year by TSG with 96.3% global average approval rate
• +3 more outcomes

Named customers10 records

Segments11 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration28 records

AI capability8 records

Feature9 records

Partnerships

18 partnerships are on record, tiered core, strategic and minor.

• Castles TechnologycoreTechnology or Integration · 17 June 2026Strategic collaboration enabling Android-based devices that combine point-of-sale software and payment acceptance in single mobile solutions. Core hardware partner for All-In-One payments platform with devices supporting tableside, poolside, and mobile payment scenarios.
• AgilysysstrategicTechnology or Integration · 17 June 2026Mobile IG Fly solution integrates real-time order entry and secure payments on Elavon-powered all-in-one devices, enabling hospitality operators to serve guests anywhere.
• OraclestrategicTechnology or Integration · 17 June 2026Elavon Simplify solution works with Oracle Simphony Payments Interface to connect Castles Android devices with Simphony mobile POS for hospitality businesses.
• ShijistrategicTechnology or Integration · 17 June 2026Infrasys POS integrates with Elavon-powered Castles Android devices to improve staff productivity and guest experience for hospitality operators.
• xnPOSstrategicTechnology or Integration · 17 June 2026xnPOS MobilePay integrates on Elavon-powered Castles Android devices supporting faster, more flexible service in the field. Partnership launched xnPOS MPay for hospitality industry.
• PayEnginestrategicTechnology or Integration · 25 March 2026Added to Elavon WorksWith partner ecosystem to facilitate easier integration and management of payments for vertical SaaS platforms.
• VisacoreTechnology or Integration · 19 March 2026Elavon among five major acquirers partnering with Visa on Intelligent Authorisation (VIA) platform launch in Europe, providing machine learning-driven real-time transaction analysis.
• LendProstrategicTechnology or Integration · 19 March 2026Early integrated partner leveraging U.S. Bank Avvance developer portal for embedded point-of-sale financing capabilities for retailers and consumers.
• MicrosoftcoreTechnology or Integration · 27 January 2026Collaboration to introduce Elavon Live Payments, a groundbreaking payments app for Microsoft 365 offered through Microsoft Marketplace. Integrates with Outlook and Teams for invoice creation and payment collection without switching platforms.
• Flair AirlinesstrategicStrategic or Co-development Partner · 20 November 2025Canadian-based Flair Airlines utilizes Elavon payments products to enhance transaction security and efficiency for airline customers. Elavon is global leader in airline payments.
• MastercardcoreTechnology or Integration · 29 July 2025Mastercard Receivables Manager and Commercial Direct Payments solutions offered through Elavon and other acquiring partners to address B2B payment automation and supplier acceptance challenges.
• WooCommercestrategicChannel Partner/ Reseller/ Distributor · 28 July 2025Expansion of European payments partnership to North America. Free Elavon extension available in WooCommerce Marketplace for 4+ million online stores to accept payments.
• Wyndham Hotels & ResortscoreStrategic or Co-development Partner · 18 June 2025Expansion of Cloud Payments Interface availability to 6,000+ Wyndham franchisees across U.S. and Canada. Elavon has been trusted Wyndham partner for two decades.
• LiberiscoreStrategic or Co-development Partner · 1 January 2025Partnership to launch Quick Capital, providing fast, flexible revenue-based financing to 275,000+ U.S. merchants and 202,000+ Canadian SMBs through Elavon merchant portal. Expanded from US to Canada in 2026.
• BookingTekstrategicTechnology or Integration · 25 June 2024Contactless order and pay technology partnership for U.S. and Canada hospitality industry enabling guests to charge meals and services anywhere.
• AuthviaminorChannel Partner/ Reseller/ Distributor · 25 June 2024Expanded referral relationship leveraging patented text-to-pay solution with professional services customers.
• SEPTAstrategicStrategic or Co-development Partner · 10 June 2024Partnership to enable contactless payment acceptance across Southeastern Pennsylvania Transportation Authority transit services for 500,000+ daily riders. SEPTA is one of ten largest U.S. transit systems.
• BMOstrategicChannel Partner/ Reseller/ Distributor · 14 March 2024Partnership to provide comprehensive payment solutions platform to BMO's U.S. clients including acceptance, enablement, and optimization of credit, debit, and digital payment transactions for small business and corporate clients.

Scale indicators9 records

Recent moves6 records

Expansion highlights9 records

Emerging players

• Stripe: Developer-first digital payments platform with a growing merchant acquiring footprint. The most direct competitive threat in eCommerce and ISV integrations, particularly for digital-native merchants building on public APIs.
• Adyen: Global unified-commerce payments platform that wins enterprise merchants requiring single-acquirer coverage across regions. The most direct competitor to Elavon's eCommerce/CNP offering at the global enterprise tier.

Direct peers

• Fiserv: Largest U.S. merchant acquirer (Clover + First Data) and the most direct head-to-head competitor in enterprise, SMB, and vertical payment processing. Competes for ISV partnerships, ISO channels, and large merchant acquiring accounts using overlapping distribution.
• Worldpay: Major U.S. and global merchant acquirer (owned by GTCR) competing directly in card-not-present, omnichannel gateways, and large enterprise acquiring including eCommerce and cross-border merchants.
• Bank of America Merchant Services: Bank-owned merchant acquirer most recently led by Wally Mlynarski before his appointment as Elavon's CEO. Competes head-to-head with Elavon for enterprise acquiring, payment processing, and embedded merchant services at U.S. Bank's banking peer.
• Block (Square): SMB-focused payments and POS competitor with the Square ecosystem (hardware, software, lending). The most direct competing unified SMB platform to Elavon's talech and Elavon Business Solutions suite.
• Chase Payment Solutions: Bank-owned merchant acquiring arm of JPMorgan Chase. The closest comparable structurally — competing for enterprise and mid-market merchants with similar balance-sheet-backed adjacent services and embedded commerce offerings.
• Global Payments: Top-tier U.S. merchant acquirer (post-Heartland/TSYS) with comparable SMB, mid-market, and enterprise offering and a similarly vertical-specialized go-to-market approach to Elavon.

Broad incumbents

• PayPal: Diversified payments incumbent with merchant acquiring, gateway, and consumer wallet (Venmo). Overlaps with Elavon in SMB eCommerce, digital wallet acceptance, and integrated checkout experiences.
• FIS (Fidelity National Information Services): Large financial services technology provider with merchant acquiring and processing capabilities. Competes for bank-sponsored acquiring programs and large enterprise processing deals; also a systems integration partner in some corridors.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/elavonjobs
• YouTubeyoutube.com/user/elavoninc
• LinkedInlinkedin.com/company/elavon-inc

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A4 records

Investments2 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Elavon