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Article: Elavon and Santander Announce New Alliance Relationship to Supply Merchant Services in the UK.
- Article from:
- Investment Weekly News
- Article date:
- October 10, 2009
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Elavon and Santander announce the launch of a new alliance for merchant services in the UK. This alliance combines Elavon, a wholly owned subsidiary of US Bancorp (NYSE: USB) and a leading global payments provider, and Santander, one of the strongest and best capitalized banks in the world.
Jointly, Elavon and Santander's strategy is to become one of the leading players in the UK acquiring market. The new alliance will enable Santander to leverage Elavon's end-to-end control of the processing relationship; from risk and underwriting, to processing, funding and all customer support functions, whilst Elavon will dramatically increase their presence in the UK market ...