London, 4 September 2013.
Realex Payments set to partner with Elavon, providing a fully branded gateway solution for online retailers across Europe, along with a suite of dedicated support and sales services.
The deal involves Realex Payments providing:
- A fully branded, localised, online, multi-channel payment gateway for businesses across the UK and Europe;
- Dedicated partner resources focused on driving the adoption of the solution across Elavon’s markets;
- Outsourced and localised support functions including resources and tools to support clients and their technical teams.
Providing managed gateway solutions to processors and acquiring banks across Europe is a key element of Realex Payments’ growth strategy. This deal is further evidence of the company’s success in building strategic partnerships with the leading players in the card processing industry, having signed a managed gateway solution agreement with Global Payments (formerly HSBC Merchant Services) last year.
Realex Payments founder and CEO, Colm Lyon said “We are delighted to have been selected as the managed gateway partner for Elavon. This is a major partnership for us; we are strategically positioned to offer our partners a holistic and compelling offering that truly enables them to grow their ecommerce business. We are extremely excited about the future and working with Elavon to grow our relationship, extend our reach and strengthen our strategic partnership. This announcement is further reinforcement of our commitment to providing the best managed gateway solution, not just a white label but a deep partnership that truly facilitates growth."
Guy Harris, MD and EVP Europe at Elavon said “The combination of Elavon’s acquiring experience, processing reach, and financial stability, with Realex Payments gateway expertise, fraud controls and connectivity results in a win-win for our customers."
A strategically led business, it is currently experiencing a period of exponential growth. In the last year revenue in the UK market grew by 95% and their client base doubled to 12,500. This growth was across all markets - direct corporate and business clients as well as managed gateway solutions. The company also recently launched Realex Fire, a new personal payment account enabling users to lodge and withdraw funds, create a circle of people to pay, send and receive payments, operate multiple accounts and get notifications on Facebook.
As an online payment gateway, Realex Payments offers one of the most complete solutions available on the European marketplace. Realex Payments also offers solutions for small, medium and large corporate clients – including many household names such as Virgin Atlantic, AA insurance, Aviva, Paddy Power and notonthehighstreet.com.
About Realex Payments
Realex Payments is a payments business, providing thousands of retailers across a range of industries, with payment processing services. The company processes in excess of £20Bn per annum on behalf of 12,500 retailers across Europe. Headquartered in Dublin, the company has offices in London as well as in Paris and employs 160 people. Realex Payments has been providing fully managed gateway services to Global Payments (formerly HSBC Merchants Services) since 2012 and recently Elavon, offering both partners a complete managed online payments product and service for all their ecommerce clients.
Realex Fire is developed and operated by Realex Financial Services Limited - regulated by the Central Bank of Ireland. The business is registered as a limited company in Ireland and operated under the name of Carapay Limited from 2009 until July 2013, at which time the name was changed to Realex Financial Services Limited. It is licenced, since 2010 as a "Payments Institution" under the Payment Services Directive, a European wide programme to create a harmonised legal framework for payment processing.
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Elavon is wholly owned by U.S. Bancorp (NYSE: USB) and provides end-to-end payment processing solutions and services to more than one million merchants in the United States, Europe, Canada, Mexico, Brazil and Puerto Rico. Elavon markets solutions including credit and debit card processing, electronic gift cards, dynamic currency conversion, multi-currency support, and cross-border acquiring through multiple alliance channels including financial institutions, trade associations, third party sales agents; as well through direct sales. Elavon’s suite of solutions is tailored to meet the needs of merchants in specialised markets such as retail, hospitality/T&E, health care, education and the public sector.
Published on: 10:28AM on 4th September 2013