Elavon expands, hires in Atlanta as part of aggressive growth in payments | Elavon Online Newsroom

Expansion supports development of new technology to help businesses grow in the digital age

Elavon, a global leader in payment processing, has expanded its presence in Atlanta with a build-out at the Concourse campus in the city of Sandy Springs. Elavon has also hired 120 new employees in the past year as it expands its ability to offer more businesses safe, secure payment options for their customers.

As part of the investment, and to support future growth, Elavon plans to hire approximately 500 employees globally over the next three years. It currently employs more than 850 people in Atlanta and more than 4,500 worldwide. With the expansion, in addition to the three floors Elavon occupies in building two of the Concourse Office Park, it now has space in the adjacent Four Concourse Parkway building.

The rapid shift of cash to digital payments is changing not only how merchants sell, but also how they accept, process payments and engage with their customers. Businesses increasingly rely on their point-of sale systems to better help them run and grow their business with embedded, data-rich capabilities such as sales forecasting, payroll and accounting.

"The FinTech community in Atlanta continues to pave the way for innovation in payments, and we are proud to expand our presence here," said Jamie Walker, CEO, Elavon. "The new, collaborative space expands work we've been doing in our innovation centers, the Grove and Greenhouse, and gives employees flexibility to collaborate in an agile way, listening to customer feedback, thinking about how we can make our products and services better and ultimately help merchants grow their business. We are continually looking to attract great talent to our team and give them a modern, open office environment."

In addition, Elavon has recently invested in FinTech with the acquisition of CenPOS, a Miami-based company offering integrated payment software solutions that provide omnichannel payment acceptance to large enterprise customers and Electronic Transaction Systems (ETS), a financial technology company based in Virginia.

Efforts to lease the Concourse campus were supported by the City of Sandy Springs and the Georgia Department of Economic Development

Notes to editors

About Elavon

Elavon is wholly owned by U.S. Bank (NYSE: USB), the fifth-largest bank in the United States, and provides end-to-end payment processing solutions and services to more than 2 million customers in the United States, Europe, and Canada. As the leading provider for airlines and a top five provider in hospitality, healthcare, retail, and public sector/education, Elavon's innovative payment solutions are designed to solve pain points for businesses from small to the largest global enterprises.

About U.S. Bank

U.S. Bancorp, with approximately 70,000 employees and $587 billion in assets as of March 31, 2022, is the parent company of U.S. Bank National Association. The Minneapolis-based company serves millions of customers locally, nationally and globally through a diversified mix of businesses: Consumer and Business Banking; Payment Services; Corporate & Commercial Banking; and Wealth Management and Investment Services. The company has been recognized for its approach to digital innovation, social responsibility, and customer service, including being named one of the 2022 World's Most Ethical Companies and Fortune's most admired superregional bank. Learn more at usbank.com/about.

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Contact:

Joe Rauch, Communications Manager | Global Head of Communications for Merchant Acquiring | Public Affairs and Communications

E: joseph.rauch@usbank.com