Elavon Technology Wins 2022 Real Transaction Metrics Award

Elavon is a wholly owned subsidiary of U.S. Bank and one the largest payments processors globally. Elavon provides businesses with the technology needed to accept payments from customers, whether they are shopping on the go, in stores, or at home. The company's platform is distinctive in that it is common across countries, making it easier for businesses to get their payment system up and running quickly and securely.

Recently the company announced it was proud to have its technology honored by The Strawhecker Group (TSG) in its 2022 Real Transaction Metrics Awards. Powered by TSG's Gateway Enterprise Metrics (GEM) platform, GEM uses pings and real transactions to monitor each gateway's performance from over 20 different global locations 24/7/365. All transaction metrics are calculated by utilizing real TSG cards to complete transactions at real TSG merchants around the globe.

GEM measures the time it takes for a transaction authorization to complete using a signature debit or credit card, just as a consumer would experience at the merchant. Performance data was assessed across more than twenty industry-leading payments providers for 2021 to determine the Real Transaction Metrics Awards. Elavon's Fusebox gateway received first place for Fastest Transactions. It received this award for having the fastest average transaction speed. 

"I'm thrilled our Fusebox gateway is being recognized for its best-in-class gateway speed, a critical component in a seamless customer experience," according to Jamie Walker, Elavon CEO.

With more than two million customers in over 30 countries, Elavon is consistently rated among the top five global payment providers in the world. The company, which has been a Hacienda tenant since December 2009, has earned an A+ rating from the Better Business Bureau in the U.S. and Canada. Elavon processes more than five billion transactions, valued at nearly $450 billion, around the world per year.

Elavon Financial Services DAC, trading as Elavon Merchant Services, has more than 4,300 employees and operations in 10 countries. The company is regulated by the Central Bank of Ireland and the Prudential Regulation Authority and subject to limited regulation by the Financial Conduct Authority and Prudential Regulation Authority. Details about the extent of its authorization and regulation by the Prudential Regulation Authority and regulation by the Financial Conduct Authority are available from the company on request. 

Elavon's owner, U.S. Bancorp, is the parent company of U.S. Bank National Association, the fifth-largest commercial bank in the United States. The Minneapolis-based bank blends its relationship teams, branches, and ATM network with mobile and online tools that allow customers to bank how, when, and where they prefer.
 
For more information about Elavon, please visit www.elavon.com/index.html.

For more information about U.S. Bancorp, please visit www.usbank.com/index.html.

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