Elavon, a leading global payments provider and subsidiary of U.S. Bancorp (NYSE:USB) today announced a strategic deal with bpost, Belgium’s leading postal operator, to provide payment services across over 650 locations.
In the agreement, Elavon offers acquiring processing for card present (point-of-sales and vending machines), including contactless and will offer also acquiring services for card not present (eCommerce) to international networks, debit and credit cards.
bpost employs 34,000 people worldwide and handles six million payment transactions per year at around 650 post offices serving the entire Belgian territory.
Elavon implemented payment services at bpost’s office branches in six months; it used existing point-of-sales and electronic cash registers to offer a flexible, customised payments solution. The company’ deployment supported bpost’s accountancy and infrastructure setup meeting their requirements for a successful deployment. Elavon processes 500k customers per year on a single payments platform with 99.98% reliability.
Elavon has a wealth of experience in Europe facilitating payments for governments, municipalities and the public/private sector. The company manages council and motor tax as well as revenue payment services in Ireland and expedites payments for Poland’s aviation and transportation department.
Hannah Fitzsimons, EVP and General Manager, Elavon Merchant Services, “The bpost agreement represents our first-ever government services contract in the Benelux market. The deal is due to our expertise in meeting the unique needs of the public sector across Europe. Furthermore, our singular payments platform is well-suited to support bpost with their growth strategies.”
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