IDA Ireland welcomes long term commitment by Elavon to Arklow

Dublin, Ireland – 17th December 2009 – IDA Ireland today welcomed the announcement by Elavon, a wholly owned subsidiary of US Bancorp, that it is to purchase its Arklow business park site.

IDA CEO, Barry O’Leary, commenting said ‘the decision by Elavon / USBancorp to deepen its commitment to Ireland is a very welcome development. Foreign Direct Investment clients, through their positive experiences here, are continuing to strengthen their resources in Ireland ensuring their Irish operations and employees continue to play a strategic role in global markets’.

For eight years, more than 200 Customer Service, Operations and Information Technology professionals have occupied the building, previously through a lease agreement with the IDA. The Arklow Call Centre employees provide customer assistance for many of Elavon’s 250,000 pan-European merchants.
 
“With Elavon’s business constantly evolving in this competitive market, now is the time to invest in our skilled professionals who provide critical infrastructure support for our European operations from our Arklow location,” said Simon Haslam, EVP and Managing Director of Elavon in Europe. 
 
 About Elavon

Elavon’s Global Acquiring Solutions organization is a part of U.S. Bancorp (NYSE: USB). 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 including financial institutions, trade associations and ISOs. Elavon has solutions to meet the needs of merchants in specialized markets including small business, retail, hospitality/T&E, health care, education and the public sector. Elavon represents the former brands of NOVA Information Systems and its affiliates FHMS and euroConex. For more information visit www.elavon.com.

For further information:
Holly Lytle
Elavon Media Relations
Tel:+1- 678-731-5236

Teri Charest
U.S. Bank Media Relations
Tel: +1-612-303-0732