U.S. Bank is celebrating 25 years of operations in Europe, primarily through its payment division, Elavon. The journey began in Arklow, Ireland, in 2000 with the formation of euroConex, a joint venture that laid the foundation for Elavon's growth into a leading European payment provider.
Elavon has expanded significantly, growing from its Irish origins to employ over 1,100 staff in Ireland, which serves as U.S. Bank's European headquarters. Across Europe, U.S. Bank Europe now employs over 3,400 staff, providing end-to-end payment processing solutions and investment services.
This milestone underscores U.S. Bank's long-term commitment to the European market and its success in global payment innovation. Elavon's sustained presence and growth contribute substantially to U.S. Bancorp's diversified revenue streams and international strategic objectives.
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