Rochester, NY 8/21/2009 11:48:03 PM
KeyCorp, KEY - Elavon to Extend Its Joint Venture Agreement with KeyCorp
KeyCorp,
Elavon, a leading global card acquirer, recently has extended its joint venture agreement with Cleveland-based KeyCorp for KeyBank’s merchant referral business.
KeyBank markets Elavon’s merchant processing services to business customers through 21 geographic districts spanning across a 13-state network of almost 1,000 commercial office and retail branch locations. The agreement extends an over 10-year relationship between Elavon and KeyCorp.
“Elavon’s flexible and robust processing network is backed by industry-leading customer service, which translates into the best possible scenario for our clients,” said Carl Stauffeneger, senior vice president and head of KeyBank’s payments product group. “We continue to take notice of Elavon’s industry leadership, PCI compliance initiatives and strong performance, and are pleased to continue our mutually beneficial relationship.”
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