CenPOS focuses on three industry verticals: automotive, travel and entertainment (T&E), and general B2B transactions. In addition, CenPOS’ distribution strategy and product capability fit Elavon’s features.
Elavon accepts and processes payments on behalf of more than a million businesses in the US, Canada, Mexico, and Europe; thus, adding CenPOS to the US Bancorp family will provide greater scale and streamlined payments capabilities.
The acquisition closed on January 8, 2019. Financial terms of the deal were not disclosed.
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