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U.S. Bancorp's Elavon Acquires Canadian Merchant Processor Collective Point of Sale Solutions

Monday, 4 Feb 2013 04:00pm EST 

Elavon, global payments provider and wholly-owned subsidiary of U.S. Bancorp announced that has acquired Collective Point of Sale Solutions Ltd. (Collective POS) in Toronto, Canada. Collective POS is providing innovative, customized payment processing and merchant services to entrepreneurs and owners of small to medium-sized businesses in Canada. As part of the agreement, Back and the Collective POS executives will continue in their leadership role at Collective POS and will work closely with Elavon to align the 80 existing employees` at the company with the needs of Elavon in Canada. The financial terms of the agreement were not disclosed. 

Company Quote

-0.16 -0.35%
24 Dec 2014