- Elavon advances to fifth-largest U.S. merchant acquirer in the 2025 Nilson Report.
- The company processes over $576 billion in transactions annually, ranking fourth in card-not-present purchase volume.
- Strategic partnerships and new payment solutions enhance Elavon's market position.
Elavon, a division of U.S. Bank (USB, Financial), has achieved a significant milestone by climbing to fifth place in the 2025 Nilson Report, which ranks U.S. merchant acquirers. This marks an improvement from its previous seventh-place position. As the second-largest bank-owned acquirer, Elavon processes over $576 billion in global transactions annually and holds the fourth-largest spot in card-not-present purchase volumes, affirming its strong presence in the e-commerce sector.
Elavon's rise in the rankings highlights successful strategies in expanding its market reach and enhancing service offerings. The company's partnerships with major enterprises such as Delta Air Lines, Virgin Atlantic, and the Southeast Pennsylvania Transit Authority (SEPTA) have been pivotal in increasing its purchase volume and customer base.
The acquisition of healthcare payments company Salucro in 2024 further solidifies Elavon's capabilities in the healthcare sector, adding value to its specialized service offerings. In addition, Elavon has introduced cutting-edge payment solutions like the Avvance point-of-sale lending, the Elavon Payments Gateway cloud-based solution, and the talech terminal designed for small businesses. These innovations position Elavon at the forefront of technological advancements within the payments landscape.
Jamie Walker, CEO of Elavon, emphasized the company's commitment to delivering innovative, tech-driven payment solutions that address the evolving needs of businesses across industries. Elavon's enhanced market positioning not only contributes to U.S. Bank's (USB, Financial) diversified revenue streams but also underscores its strategic advantage in the competitive payments industry.
