Elavon Inc., formerly NOVA, is a processor of card transactions and a subsidiary of U.S. Bancorp.
Elavon is the 4th largest U.S. credit card processor and is a top 6 acquirer in the European marketplace.
In May 2001, U.S. Bancorp announced the acquisition of NOVA Corporation for $2.1 billion in stock and cash.
NOVA announced deals with the Spanish Banco Santander, and the UK-based Alliance & Leicester, with 27,000 merchant accounts.
[6] In April 2004, Nova Corporation announced that it was buying the rest of EuroConex that it did not own from the Bank of Ireland for €40m.