Finance Clinic, Elavon

Fix cashflow headaches fast

Next-day settlement of card payments puts money in your hands fast, thanks to Santander’s collaboration with the award-winning Elavon Merchant Service. Alison Moulton, Head of Specialist Products at Santander UK Corporate & Commercial, explains how businesses can benefit.

Receiving customer payments as quickly as possible is key to easing the cashflow fixes that can cause difficulties for businesses. We know that payment processes that put money in your hands faster, can help you respond to opportunities to satisfy your customers and grow your business further. That’s why Santander is proud to partner with Elavon, one of Europe’s largest payment acquirers, to offer next-business-day settlement of your customers’ debit and credit card payments.
Elavon offers an award-winning* service that we are proud to have shared with our Corporate & Commercial customers for many years. Now we’d also like to share with you the benefits of their Merchant Acquiring Service.
One stop shop for all your payment needs
You can’t afford to limit customer payment options or delay access to funding. Elavon’s solutions make it possible for you to realise operational efficiencies and improve cashflow. No matter the size of your business, or what market you operate in – retail, restaurant, hospitality, service, mail order, e-commerce – Elavon have the solutions you need to optimise your payment processing. From point-of-sale terminals and gateway solutions to payments taken via a mobile phone, debit and credit card payments will be processed into your Santander Corporate & Commercial Current Account on the next business day.
Multi-currency transactions
With more branches in the world than any other bank, Santander have a unique focus on and understanding of international trade. Supported by Elavon’s global transaction expertise, businesses can accept payment in 100 currencies. Elavon also has a wealth of experience in cross-border transactions and can offer full service support in many countries around the globe. This international outlook benefits businesses both at home and abroad. 
Elavon also offers Dynamic Currency Conversion, which gives businesses the opportunity to earn extra revenue by sharing a percentage of the currency conversion rates. This can provide a significant revenue stream for hotels, restaurants and shops that handle transactions in a range of currencies. 
Safeguarding your data
One reason that Santander has chosen to partner with Elavon is its advanced risk-management, data security and fraud protection processes. Elavon will work harder to keep your business and cardholder data secure, as well as helping you to understand your responsibilities with regard to preventing fraud.
24-hour support
Elavon’s 24-hour support team enables you to monitor your account any time. Alternatively, you can use iMerchantConnect – a free online tool that allows you to view your account, check deposits, manage payments and download your transaction history.
Talk to your Relationship Director today to find out how our Merchant Acquiring Service, in conjunction with Elavon, can improve your cashflow and make international payments easier. Visit our webpage on the Santander Corporate and Commercial website.
* Winner 2012 Card and Payments Awards
Best Merchant Acquiring Initiative for International Payment Processing Platform and IP Gateway.
Elavon Financial Services registered address:
Elavon Financial Services Limited
Registered in Ireland – Number 418442
Registered Office: Block E, 1st Floor, Cherrywood Business Park, Loughlinstown, Co. Dublin, Ireland

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John Carroll - Helping businesses achieve International success. Head of Product Management & International Business, Santander UK