February 5, 2013
Elavon acquires Collective Point of Sale Solutions
CANADA--Global payments provider Elavon, a wholly-owned subsidiary of US Bancorp, has acquired Collective Point of Sale Solutions (Collective POS), a Canadian provider of payment processing services. The financial terms of the agreement have not yet been disclosed.
The deal extends Elavon’s presence and distribution network in Canada and aligns with Elavon’s global growth strategy in strategic markets.
Collective Point of Sale Solutions was founded in 2001 and it provides entrepreneurs and owners of small to medium-sized businesses with payment processing services.