Elavon, a wholly owned subsidiary of U.S. Bancorp (NYSE: USB) and leading global payments company announces the introduction of Fusebox, its next-generation hosted payment gateway that provides secure multi-point connectivity across a merchant's enterprise.
Elavon developed Fusebox using the combined experience, technical knowledge and valuable relationships gained through its recent acquisition of two leading gateway solution providers; Southern DataComm and Global Card Services. The core of Fusebox is built on the proven technology and dependability of Stratus Systems, thus ensuring maximum uptime and data preservation.
Designed to meet the evolving needs of the marketplace, Fusebox adheres to the latest data security and compliance requirements, while providing extensive connectivity, flexibility and visibility. The hosted environment relocates critical transaction data to a centrally-managed host within Elavon's secure data center, mitigating risk for the merchant. An advanced Data Protection Module features tokenization to further protect cardholder data by replacing actual account number information with a unique ID. Additionally, Fusebox provides extensive connectivity to hundreds of POS/PMS systems and to all the leading banks and processors, while a simple-to-use online portal gives users a consolidated view into the entire transaction lifecycle.
"Elavon recognizes that payment processing is a mission-critical function for our customers and that it is becoming increasingly complex to keep up with the ever-evolving requirements," said Stuart C. Harvey, Jr., CEO of Elavon. "We've invested in the expansion of our gateway product offerings to help businesses better manage the risks and costs associated with data security and PCI compliance, while extending the flexibility necessary to enable payments across a global enterprise."