Elavon and Societe Generale partner for pan-European payment services

April 04, 2019 | GET MORE : News Release

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Elavon will provide payment services to Societe Generale’s business clients in eight countries.

Elavon, a global payments provider and subsidiary of U.S. Bancorp, has agreed a new partnership with financial services group Societe Generale for payments acceptance and acquiring services across Europe. 

Societe Generale’s business clients will now have access to Elavon’s cross-border payment capabilities in the United Kingdom, Austria, Belgium, Germany, Italy, Netherlands, Spain and Switzerland. This will complement Societe Generale’s established payments infrastructure (face-to-face and e-commerce) in France.

Elavon’s payments services include accepting electronic payments from payment cards, digital wallets, alternative payment methods and real-time bank transfer capabilities. The company offers a full range of payments solutions to leading international businesses across more than 30 countries in Europe.

This includes Elavon’s omni-commerce payment solution, which offers businesses the ability to accept payments in any payment environment needed, including in-store, mobile, mail/telephone order (MO/TO) and online.

Building on Elavon’s renowned expertise and capabilities, Societe Generale will enable its clients to benefit from best-in-class service for card present and e-commerce, aligned to its robust quality standards. Both businesses and consumers benefit from Elavon’s advanced secure payment solutions and fraud prevention.

Aurélien Viry, Global Head of Payments and Cash Management for Societe Generale comments: “Elavon’s comprehensive service capabilities across Europe will give our clients access to best-in-class service and innovation in payments. We are delighted to work with Elavon for payment acceptance and acquisition services across these eight European countries.” 

Colin Close, Country Manager, UK and International Corporate for Elavon Financial Services adds: “We are extremely pleased to be chosen as Societe Generale payments partner across Europe. Elavon brings the expertise of working with international businesses to facilitate cross-border operations in the UK and the continent. As part of U.S. Bank, we are a trusted choice for financial institutions who benefit from our payments experience and capabilities.” 

Contact

Elavon: Rebecca Hackworth
+44 (0) 207 330 2301, rebeccca.hackworth@elavon.com

Societe Generale: Thomas ALEXANDRE
+33(0)1 42 13 34 3 7 thomas.alexandre@socgen.com 

About Elavon 

Elavon is a leading global payments company with more than 4,300 employees and operations in 10 countries. A subsidiary of U.S. Bancorp (NYSE:USB), Elavon provides businesses with the technology needed to accept payments from customers, whether they are shopping in stores, at home or on the go. Its 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.  

Elavon Financial Services DAC, trading as Elavon Merchant Services, 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 our authorisation and regulation by the Prudential Regulation Authority, and regulation by the Financial Conduct Authority are available from us on request.

About U.S. Bank 

U.S. Bancorp, with 74,000 employees and $467 billion in assets as of December 31, 2018, is the parent company of U.S. Bank, 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. U.S. Bank is committed to serving its millions of retail, business, wealth management, payment, commercial and corporate, and investment services customers across the country and around the world as a trusted financial partner, a commitment recognized by the Ethisphere Institute naming the bank a 2018 World’s Most Ethical Company. Visit U.S. Bank at usbank.com or follow on social media to stay up to date with company news. Visit U.S. Bank and Elavon online or follow on social media to stay up to date with company news.  

About Societe Generale

Societe Generale is one of the leading European financial services groups. Based on a diversified and integrated banking model, the Group combines financial strength and proven expertise in innovation with a strategy of sustainable growth, aiming to be the trusted partner for its clients, committed to the positive transformations of society and the economy.

Active in the real economy for over 150 years, with a solid position in Europe and connected to the rest of the world, Societe Generale has over 147,000 members of staff in 67 countries and supports on a daily basis 31 million individual clients, businesses and institutional investors around the world by offering a wide range of advisory services and tailored financial solutions. The Group is built on three complementary core businesses:

  • French Retail Banking which encompasses the Societe Generale, Crédit du Nord and Boursorama brands. Each offers a full range of financial services with omnichannel products at the cutting edge of digital innovation;
  • International Retail Banking, Insurance and Financial Services to Corporates, with networks in Africa, Russia, Central and Eastern Europe and specialised businesses that are leaders in their markets; 
  • Global Banking and Investor Solutions, which offers recognised expertise, key international locations and integrated solutions.

Societe Generale is included in the principal socially responsible investment indices: DJSI (World and Europe), FTSE4Good (Global and Europe), Euronext Vigeo (World, Europe and Eurozone), four of the STOXX ESG Leaders indices, and the MSCI Low Carbon Leaders Index. For more information, you can follow us on Twitter  @societegenerale or visit our website www.societegenerale.com.