Elavon buys CenPOS to reach to auto, travel, entertainment industries

More from: | PaymentsSource |
0

U.S. Bancorp’s Elavon has acquired CenPOS, a B2B payments software provider with a heavy focus on large companies in the automotive, travel and entertainment industries.

CenPOS creates customized payment acceptance tools for businesses, including mobile and virtual terminals and recurring billing. The Miami-based company has a proprietary “interchange optimization” feature that aims to maximize profit margins and minimize chargeback risk for merchants. CenPOS sells its wares directly and via resellers, according to its website.

“Elavon recognizes the tremendous potential we have to bring greater value to our customers by integrating with software companies like CenPOS,” said Jamie Walker, Elavon’s CEO, in the release.

“CenPOS’s technology brings new market expertise to Elavon’s current technology solutions,” said Jorge Fernandez, CEO and co-founder

(...)

Read full article » http://www.paymentssource.com/news/elavon-buys-cenpos-to-reach-to-auto-travel-entertainment-industries


About | PaymentsSource |

PaymentsSource.com is quickly evolving as the leading news and information resource for payments and financial-service professionals.

With its exclusive focus on the payments industry and a full-time editorial staff, PaymentsSource.com offers timely and comprehensive coverage of the rapidly changing payments business.

»Twitter: @payments_source »Facebook: @PaymentsSource