Elavon Inc., formerly NOVA, is a major processor of credit card

Credit card

A credit card is a small plastic card issued to users as a system of payment. It allows its holder to buy goods and services based on the holder's promise to pay for these goods and services...

 transactions and a subsidiary of U.S. Bancorp

U.S. Bancorp

U.S. Bancorp is a diversified financial services holding company, headquartered in Minneapolis, Minnesota. It is the parent company of U.S. Bank, the fifth largest commercial bank in the United States based on $330 billion in assets. U.S. Bank ranks as the sixth largest bank in the U.S. based on...

. Elavon offers merchant processing in more than 30 countries and supports the payment needs of more than 1,000,000 merchant locations across the globe. Elavon is the 4th largest U.S. credit card processor and is a top 6 acquirer in the European marketplace.

2001

USBancorp acquired NOVA Information Systems.

EuroConex acquires Flexicom, an Irish developer of card-acquiring solutions, for €1.5 million.

2004

NOVA announces that EuroConex is to buy Polish processor “CardPoint” from “Bank Zachodni WBK “, owned by AIB

Allied Irish Banks

Allied Irish Banks p.l.c. is a major commercial bank based in Ireland.AIB is one of the so called "big four" commercial banks in the state. The bank has one of the largest branch networks in Ireland; only Bank of Ireland fully rivals it. AIB offers a full range of personal and corporate banking...

, netting AIB approximately €17million in profit. This move allows Bank Zachodni to ‘sponsor’ Euroconex’s operations in Poland.

Bank of Ireland

Bank of Ireland

The Bank of Ireland is a commercial bank operation in Ireland, which is one of the 'Big Four' in both parts of the island.Historically the premier banking organisation in Ireland, the Bank occupies a unique position in Irish banking history...

 announces that it is to sell its stake in EuroConex to NOVA for €40 million, valuing the company at €80 million.

NOVA announces deals with Spanish Banco Santander, and the UK-based Alliance & Leicester

Alliance & Leicester

Alliance & Leicester was a former UK-based bank and PLC, which in later years operated as a trading name of Santander UK before being rebranded as Santander. Alliance & Leicester was legally acquired in May 2010 by Santander UK, and was fully incorporated by 2011...

, with 27,000 merchant accounts.

NOVA and EuroConex technical teams are merged in an effort to reduce redundancy and improve efficiency. They are tasked with building a single International Processing Platform.

NOVA expands to Canada.

2005

Stuart Harvey is appointed CEO of NOVA.

Euroconex completes the Alliance & Leicester migration.

Euroconex announces acquisition of Citibank Card Acceptance, with the transfer of 160 staff from Citibank to Euroconex.

2006

NOVA acquires First Horizon Merchant Services and all related assets including Global Card Services (GCS gateway.)

2007

NOVA enters Puerto Rico through an alliance partnership with Banco Santander.

euroConex becomes Elavon.

2008

Elavon completes International Processing Platform conversion in Europe, becoming first-to-market with a single, consolidated processing platform.

NOVA becomes Elavon — North America and Europe businesses align under one Global Acquiring Solutions organization.

Elavon acquires Southern DataComm.