Elavon Merchant Services and One Cost, a group purchasing specialist,
have announce a joint effort to provide tailor-made merchant payment
solutions for the hospitality sector. This strategic agreement sees a
donation provided by One Cost to Hospitality Action (a UK-based charity)
for every card transaction processed, as part of a referral program with
Elavon Merchant Services.
Hospitality Action assists people in the hospitality sector in need of
personal and financial support. The charity’s most vital work focuses on
those affected by a personal crisis, whether it be life threatening
illness or severe financial hardship.
Roger Alexander, President of Elavon Merchant Services (Europe), comments:
“At Elavon, we take our alliances very seriously. We recognise and
listen to the requirements of the marketplace, including the
responsibilities of business to donate and invest in people and their
livelihoods. I am pleased to be able to facilitate a relationship that
offers something back to the hospitality sector and helps the wider
community. We firmly believe this initiative will be well received by
all of our customers – both those working within and outside of this
Elavon Merchant Services’ expansion in the Hospitality Sector follows
Elavon’s pioneering lead as one of the first acquirers to launch dynamic
currency conversion (DCC) for international travellers. As one of the
largest card acquirers in Europe, Elavon has also been able to provide a
single acquirer relationship for major international businesses,
including those within the hospitality sector, as part of its high
calibre debit and credit card processing services.
Penny Moore, Chief Executive of Hospitality Action, comments:
“It is very encouraging to see more associates coming together to
support our cause. Hospitality is a terrific industry, and requires hard
and often unsociable hours of work to provide the customer service we
all enjoy. Helping provide well-deserved financial support, assistance
and care to those working, or who have worked, in the profession is a
small part of recognising the great work these people have done over the
Richard Murcott, Director at One Cost adds:
“This arrangement represents an important part of extending the
strategic purchasing support we give small and medium businesses, as
well as our own three-year involvement with Hospitality Action.
Hospitality Action looks to the industry and wider businesses for its
funding and is one of few charities focused on those facing personal
crisis. We are delighted to be involved in the scheme.”
Elavon Merchant Services is a business group within Elavon Financial
Services Limited that specialises in card payment services for merchants
throughout Europe. Elavon is now one of Europe’s largest merchant
acquirers processing over 42 billion euros in annual credit and debit
card payments each year. Elavon Financial Services Limited is a member
of a group made up of U.S. Bancorp and its subsidiaries. Headquartered
in Minneapolis, Minnesota, U.S.A., U.S. Bancorp, with $238 billion in
assets, is the parent company of U.S. Bank, the 6th largest commercial
bank in the United States.
Elavon’s activities in Europe are principally focused on the provision
of merchant payment services in respect of card transactions and
corporate payment systems to merchants, fleet enterprises, multinational
corporations and governments with complex payment processing needs.
Visit Elavon on the web at www.elavonms.com or U.S. Bancorp at www.usbank.com. Elavon Financial Services is regulated by the Financial Regulator of Ireland.
About One Cost
One Cost is an independent business specialising in improving business
profit through better purchasing control and visibility. Ideally suited
for small to mid sized organisations, One Cost is able to provide major
cost savings through its network of national and local suppliers. By
using the economies of collective purchasing, One Cost realises
significant price reduction for businesses.
With the added option of a full online purchasing solution, One Cost can
offer businesses improved control and visibility of their purchasing,
increasing the manageability of buying and the benefits that has in
achieving better and more consistent profit margins.