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US Bancorp subsidiary Elavon acquires merchant processing portfolio of MB Financial Bank

Friday 21 August 2009 15:55 CET | News

US payment processing services provider Elavon, a subsidiary of US Bancorp, has acquired the merchant processing portfolio of financial services company MB Financial Bank.

Under the terms of the agreement, Elavon is set to provide its payment processing solutions, customer service and support operations to MB Financial Bank’s merchant customers. Additionally, new merchant services referrals to Elavon will be marketed through the bank’s over 70 branches.

The transition of MB Financial Bank’s merchant services to Elavon is set to provide the former’s merchant customers with debit and credit card processing, a PCI Compliance Program, a choice of point-of-sale devices and software, e-commerce products, gift card solutions, electronic cheque services as well as reporting and customer services.


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Keywords: US Bancorp, Elavon, MB Financial Bank, payment processing, merchant processing portfolio
Categories: Payments & Commerce
Companies:
Countries: World
This article is part of category

Payments & Commerce