Elavon and Santander Form a Merchant Services
Alliance in Mexico
Alliance to Strengthen Relationship and Fuel Global Growth
February 02, 2010 08:03 AM Eastern Time
ATLANTA & MEXICO CITY--(EON: Enhanced Online News)--Elavon, a wholly owned subsidiary of U.S.
Bancorp (NYSE: USB) and a leading global payments provider, has extended its relationship with Santander, one of
the strongest and best capitalized banks in the world, through the establishment of a joint alliance in Mexico.
The alliance establishes a new global foothold for Elavon in a burgeoning credit card market and capitalizes on an
existing relationship with Santander in Spain, the UK and Puerto Rico.
Under the terms of the marketing alliance, acquiring services will be offered to existing and prospective Santander
merchants, backed by the powerful combination of the trusted Santander brand and Elavon’s payments industry
“Santander has always offered acquiring services as a valuable product to our clients,” said Marcos Martínez
Gavica, Executive President of Santander-Mexico. “However, we believe that we can better respond to the needs
of the payments industry and our customers by transitioning the business to an alliance solely dedicated to acquiring.”
“Expanding our global footprint into Latin America is in line with Elavon’s global growth strategy,” said Stuart C.
Harvey, Jr., CEO of Elavon. “Santander is a strong, trusted bank and this alliance will deepen our relationship while
delivering value to merchants doing business in Mexico.”
About Elavon: Elavon's Global Acquiring Solutions organization is a part of U.S. Bancorp. Elavon provides end-
to-end payment processing services to more than one million merchants in the United States, Europe, Canada and
Puerto Rico. Solutions include credit and debit card processing, electronic check services, gift cards, dynamic
currency conversion, multi-currency support, and cross-border acquiring. Elavon's services are marketed through
multiple alliance partner channels