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Online Payments

Elavon acquires payment software solutions provider CenPOS

Thursday 10 January 2019 | 02:20 PM CET

Elavon, a global payments provider, subsidiary of US Bancorp, has acquired CenPOS, a US-based company offering integrated payment software solutions.

CenPOS focuses on three industry verticals: automotive, travel and entertainment (T&E), and general B2B transactions. In addition, CenPOS’ distribution strategy and product capability fit Elavon’s features.

Elavon accepts and processes payments on behalf of more than a million businesses in the US, Canada, Mexico, and Europe; thus, adding CenPOS to the US Bancorp family will provide greater scale and streamlined payments capabilities.

The acquisition closed on January 8, 2019. Financial terms of the deal were not disclosed.

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