Exclusive Marketing Agreement Spans 70 Branches, 2,200 Merchants
Elavon, formerly NOVA Information Systems, a wholly owned subsidiary of
U.S. Bancorp (NYSE:USB), has acquired substantially all of the merchant
processing portfolio of Capital City Bank, a subsidiary of Capital City
Bank Group Inc. (NASDAQ: CCBG), with 70 branches across Florida, Georgia
and Alabama. The agreement extends Elavon’s
robust payment processing solutions to Capital City Bank’s
existing base of 2,200 merchants and will also service new merchants.
“We are pleased to align Elavon’s
solutions with Capital City Bank’s merchant
portfolio,” said Stuart C. Harvey, Jr., CEO of
Elavon. “Through our referral bank model, we
enable financial institutions of all sizes to create operational and
financial efficiencies that address both their business needs and those
of their clients.”
“Our alliance with Elavon delivers true value
to our commercial and small business clients,”
said Ed Canup, Executive Vice President of Commercial Banking. “It
allows us to confidently market a variety of secure and flexible payment
solutions to merchants, knowing that they are backed by Elavon’s
powerful processing network and excellent customer service.”
While the transition of merchant services to Elavon will not affect
Capital City clients’ banking relationships,
merchants will benefit from robust debit and credit card processing, a
choice of point-of-sale devices and software, advanced e-commerce
products, gift card solutions, electronic check services, and enhanced
reporting.
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 about Elavon visit www.elavon.com.
About Capital City Bank Group, Inc.
Capital City Bank Group, Inc. (NASDAQ: CCBG) is one of the largest
publicly traded financial services companies headquartered in Florida
and has approximately $2.7 billion in assets. The Company provides a
full range of banking services, including traditional deposit and credit
services, asset management, trust, mortgage banking, merchant services,
bankcards, data processing and securities brokerage services. The
Company's bank subsidiary, Capital City Bank, was founded in 1895 and
now has 69 banking offices, one mortgage lending office, and 82 ATMs in
Florida, Georgia and Alabama. Since 2005, the Company has been named
annually as a dividend Achiever by Mergent, Inc., a leading provider of
information on publicly traded companies. To be named a Dividend
Achiever, a public company must have increased its regular cash
dividends for at least 10 consecutive years. For more information about
Capital City Bank Group, Inc., visit www.ccbg.com.
Elavon Media Relations
Holly Lytle, 404-606-0129
Holly.Lytle@elavon.com
or
Elavon
Media Relations
Teri Charest, 612-303-0732
or
Capital
City Bank Group, Inc.
J. Kimbrough Davis, EVP, 850-402-7820