Elavon
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Elavon Inc., formerly NOVA, is a processor of
History
In May 2000, Nova Corporation and the Bank of Ireland announced the formation a joint venture in Dublin, Ireland, to be called EuroConex Technologies which would process card payment throughout Ireland[3] and eventually the rest of Europe.
In May 2001, U.S. Bancorp announced the acquisition of NOVA Corporation for $2.1 billion in stock and cash.[1][4]
In 2004, NOVA announced that EuroConex was to buy Polish processor "CardPoint" from "Bank Zachodni WBK", owned by Allied Irish Banks,[5] This move allowed Bank Zachodni WBK to "sponsor" Euroconex's operations in Poland.
NOVA announced deals with the Spanish Banco Santander, and the UK-based Alliance & Leicester, with 27,000 merchant accounts.[6]
In April 2004, Nova Corporation announced that it was buying the rest of EuroConex that it did not own from the Bank of Ireland for €40m.[7][8]
In April 2008, NOVA Information Systems was renamed Elavon.[9][10]
In November 2019 Elavon announced the acquisition of the UK and Irish
See also
References
- ^ a b "U.S. Bancorp to Acquire NOVA Corporation: Combined Companies Create $100 Billion Merchant Payment Processor". PR Newswire (Press release). May 7, 2001.
- ^ "Major Online Credit Card Theft Scam Busted, Pt.3: Unsuspecting money mules". Extra Credit Cards.com (blog). June 29, 2010. Archived from the original on November 1, 2012. Retrieved March 7, 2012.
- ^ Creaton, Siobhan (May 10, 2000). "B of I joint venture with Nova to create 500 jobs". The Irish Times.
- ^ "U.S. Bancorp Buys Processor of Credit Card Debt". The New York Times. May 8, 2001.
- ^ "NOVA acquires CardPoint of Poland from Bank Zachodni WBK". Business Wire (Press release). April 23, 2004. Archived from the original on June 7, 2008 – via FindArticles at BNET.
- ^ "NOVA to buy Alliance & Leicester's merchant acquiring business". Finextra. April 30, 2004.
- ^ McCaffrey, Una (April 29, 2004). "B of I to sell 50% stake in EuroConex for €40m". The Irish Times.
- ^ "Outsourcer playing his cards right as Bank of Ireland quits venture". Irish Independent. May 6, 2004.
- ^ "NOVA Information Systems Becomes Elavon, Joining Europe in Establishment of Global Acquiring Solutions Organisation: U.S. and Europe Align and Unveil International Processing Platform to Address the SEPA challenge". Business Wire (Press release). April 16, 2008.
- ^ Brewer, Bill (April 16, 2008). "NOVA officially changes to Elavon". Knoxville News Sentinel.
- ^ "Elavon acquires Sage Pay, expanding its presence and services for customers in the UK, Ireland". Elavon. November 2019. Retrieved November 18, 2019.
- ^ "Disposal of Sage Pay". Sage Group plc. November 18, 2019. Retrieved November 18, 2019.
External links
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