Global Payments

Société Générale, Elavon Team Up For Payment Services Across Europe

Société Générale, Elavon Team For Payments

Global payments provider Elavon and financial services group Société Générale have partnered up for payment acceptance and acquiring services throughout Europe, according to a release by the companies.

“Société Générale’s business clients will now have access to Elavon’s cross-border payment capabilities in the United Kingdom, Austria, Belgium, Germany, Italy, Netherlands, Spain and Switzerland,” the release said. “This will complement Société Générale’s established payments infrastructure (face-to-face and eCommerce) in France.”

Elavon, which is a subsidiary of U.S. Bancorp, will provide services like accepting electronic payments from payment cards, setting up digital wallets, providing alternative payment methods and enabling real-time bank transfer capabilities.

This will also involve Elavon’s omnicommerce payment solution, which provides businesses with the ability to accept payments in any environment, whether it's in-store, mobile, mail or telephone order and, of course, online.

“Building on Elavon’s renowned expertise and capabilities, Société Générale will enable its clients to benefit from best-in-class service for card present and eCommerce, aligned to its robust quality standards,” the release said. “Both businesses and consumers benefit from Elavon’s advanced secure payment solutions and fraud prevention.”

Aurélien Viry, the global head of payments and cash management for Société Générale, said they are excited about the partnership: “Elavon’s comprehensive service capabilities across Europe will give our clients access to best-in-class service and innovation in payments. We are delighted to work with Elavon for payment acceptance and acquisition services across these eight European countries.”

Colin Close, country manager for U.K. and international corporate for Elavon Financial Services, echoed those sentiments. “We are extremely pleased to be chosen as Société Générale payments partner across Europe. Elavon brings the expertise of working with international businesses to facilitate cross-border operations in the U.K. and the continent. As part of U.S. Bank, we are a trusted choice for financial institutions who benefit from our payments experience and capabilities.”



About: Accelerating The Real-Time Payments Demand Curve:What Banks Need To Know About What Consumers Want And Need, PYMNTS  examines consumers’ understanding of real-time payments and the methods they use for different types of payments. The report explores consumers’ interest in real-time payments and their willingness to switch to financial institutions that offer such capabilities.