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Elavon, a leading global payments provider, and Banco Santander, an international financial institution operating in 10 major markets with more than 100 million clients serviced by 15,000 branches, today confirm the establishment of a joint venture (JV) relationship in Spain, originally announced and proposed for regulatory approval in October 2012. Elavon is a wholly owned subsidiary of U.S. Bancorp (NYSE: USB).