Elavon, a global payments provider and a subsidiary of US Bancorp, has teamed up with European payment services provider DataCash (part of the MasterCard group) to release Elavon's global e-commerce gateway service across Europe.
The newly launched service addresses the risk and data security concerns businesses face when accepting payments online.
Elavon's global e-commerce gateway provides a single interface to connect to multiple traditional and alternative payment processors. Hosted payment pages relocate cardholder data to DataCash's datacenter, while tokenization ensures cardholder security and mitigates the complexities associated with PCI compliance validation. Additionally, an online administrative and reporting portal provides a visualization of all payment activity.
The company is expected to introduce its global e-commerce gateway across other regions in 2012.
Elavon provides payment processing services to over one million merchants in the US, Europe, Canada, Mexico and Puerto Rico. Its services include credit and debit card processing, electronic cheque services, gift cards, multi-currency support and cross-border acquiring.