U.S. Bank’s Elavon has climbed two spots in the 2025 Nilson Report rankings, becoming the fifth-largest U.S. merchant acquirer by Mastercard and Visa purchase volume. This advancement also makes Elavon the second-largest bank-owned acquirer in the U.S. The company is now ranked sixth for total purchase volume across all card types and continues to hold fourth place in card-not-present purchase volume, which includes eCommerce transactions.

Elavon’s CEO, Jamie Walker, credited the rise to the company's innovative, technology-driven solutions and growing list of strategic partnerships. Elavon processes over $576 billion in transactions annually and provides services to more than 1.3 million customers, including eight of the world’s top ten airlines and seven of the largest U.S. hotel brands.

Recent product rollouts like the Avvance point-of-sale lending solution, the Elavon Payments Gateway, and talech terminal are designed to help businesses streamline operations and enhance customer payment experiences.

Owned by U.S. Bank, the fifth-largest commercial bank in the U.S., Elavon continues to expand its reach and relevance in the evolving payments landscape.