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US Bank subsidiary Elavon lands UK banking authorisation

October 25, 2023

With the new licence, Elavon says it will be able to “grow and provide the right payments and banking solutions for UK clients” including authorisation, settlement, card machines and banking services. The licence also covers the full extent of Elavon’s existing operations, including investment services and payment processing.

Founded in 1991 and headquartered in Atlanta, Georgia, Elavon has more than three decades of experience in global payments, employing more than 4,300 people and operating in 10 countries.

Elavon Financial Services DAC, which operates as Elavon Merchant Services, is a credit institution regulated and authorised by the Central Bank of Ireland (CBI).

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