Elavon Acquires Merchant Services Business From Capital City Bank
Elavon, a wholly owned subsidiary of US Bancorp, has acquired the merchant processing portfolio of Capital City Bank, a subsidiary of Capital City Bank Group, with 70 branches across Florida, Georgia and Alabama in the US.
Elavon has said that this agreement extends its payment processing solutions to Capital City Bank's existing base of 2,200 merchants and will also service new merchants.
While the transition of merchant services to Elavon will not affect Capital City clients' banking relationships, merchants will benefit from debit and credit card processing, a choice of point-of-sale devices and software, advanced e-commerce products, gift card solutions, electronic check services, and enhanced reporting.
Ed Canup, executive vice president of commercial banking at Capital City Bank, said: "Our alliance with Elavon delivers true value to our commercial and small business clients. It allows us to confidently market a variety of secure and flexible payment solutions to merchants."tracking
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