Elavon Acquires CenPOS

By CenPOS Marketing on January 10, 2019

Elavon, a global payments provider and subsidiary of U.S. Bancorp, has acquired CenPOS, a Miami-based company offering integrated payment software solutions to large enterprises. CenPOS focuses on three industry verticals: automotive, travel and entertainment (T&E), and general business-to-business transactions, which aligns well with Elavon’s strengths. In addition, CenPOS’ distribution strategy and product capability complement Elavon’s assets, all of which make the two entities an excellent fit. Increasingly, business owners expect that the software packages they use to run their businesses will come with payments acceptance and processing embedded in the software offering. Elavon is paving a way to future growth by integrating with these software packages. “Elavon recognizes the tremendous potential we have to bring greater value to our customers by integrating with software companies like CenPOS,” said Jamie Walker, CEO of Elavon. “More and more, businesses are choosing their payment provider based on the software solutions they use to manage other parts of their operations. With this acquisition, customers of both companies will benefit from the strengths and opportunities these organizations offer in important industry segments.” “The CenPOS team is elated to join Elavon,” said Jorge Fernandez, CEO, who cofounded CenPOS with German Gonzalez. “Elavon’s suite of payment products, coupled with the stability and array of financial offerings from U.S. Bank, gives CenPOS an unparalleled competitive edge in the market. Likewise, CenPOS’s technology brings new market expertise to Elavon’s current technology solutions.” U.S. Bank has a long history in payments, with scale and deep experience that offer a unique value to customers. Elavon accepts and processes payments on behalf of more than a million businesses in the United States, Canada, Mexico and Europe. Adding CenPOS to the U.S. Bancorp family will provide even greater scale and payments capabilities. The acquisition closed on January 8, 2019. Financial terms of the deal were not disclosed. Elavon provides end-to-end payment processing solutions and services to more than 1.3 million customers in the United States, Europe, Canada, Mexico, and Puerto Rico. As the leading provider for airlines and a top five provider in hospitality, healthcare, retail, and public sector/education, Elavon’s innovative payment solutions are designed to solve pain points for businesses from small to enterprise-sized.…

7 Ways Credit Card Processing Can Help You Improve Your Bottom Line

By Germán Gonzalez on January 23, 2018

Whether you own a small business or a corporation, you're probably always looking for new ways to increase your bottom line. One of the best ways that you can do this is by accepting multiple forms of payment and not just cash. More specifically, you should start accepting credit and debit cards as a form of payment. This relatively small change can have a major impact on the profitability of your business. Understandably, you may be hesitant about the idea of accepting credit and debit cards due to all the news about security breaches. Many small business owners are particularly wary when it comes to credit and debit card processing and security breaches because even the largest of corporations are falling to these cyber crimes. Yahoo, Equifax, and eBay are just a few of the many companies that have been on the news due to security breaches.  While this is a valid concern, the benefits of credit and debit card processing are well worth considering. And there are ways to keep your customers credit card data safe.  Here are seven ways credit card processing can help you improve your bottom line.…

Categories: Payment Systems, Mobile Payments, Recurring Billing, E-Commerce, Business to Business, credit card processing

5 Credit Card Processing Tips To Help You Maximize Sales

By Germán Gonzalez on December 06, 2017

Payment cards have become the most common and convenient payment method. In fact 75% of consumers chose to pay with credit or debit cards. To keep up with customer demand, more businesses are accepting credit card payments. But not all businesses are taking full advantage of robust credit card processing tools that can maximize your sales and streamline your accounting process. Here are a few credit card processing tips that can help you save time, while increasing sales.…

Categories: Payment Systems, Mobile Payments, E-Commerce, Business to Business, PCI Compliance

CenPOS Receives HIPAA Compliance

By Hector Miranda on November 08, 2017

CenPOS announced that it has received a Health Insurance Portability and Accountability (HIPAA) attestation from a third party external auditor across a broad range of payment solutions offered by their company.…

CenPOS Welcomes New Chief Revenue Officer, David Jimenez

By Hector Miranda on October 30, 2017

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