Welcome to Elavon
For 25 years, we've helped more than one million customers around the world grow their business through payments. Our flexible, secure and innovative solutions help businesses attract and keep customers, develop partner relationships, process payments and simplify operations. We are the leading provider for airlines and a top-five provider for hospitality, healthcare, retail and public sector/education.
- Top-five global payments provider
- Subsidiary of U.S. Bank company
- Over 6 billion transactions annually
- Industry-specific payment solutions
EC2Y 9AW London
- Mobile payment
- Online payment solution provider
- Payment Solutions
Cashless parking is on the rise. Consumers now expect a digital convenience via card and app payments. By large, the industry has responded with unattended machines, payments apps and vehicle number plate recognition. Achieving operational efficiency across numerous complex parking estates is a challenge - but our team can help to implement a payments solution that reduces costs and delivers on overall experience.
After a busy period of acquisitions and estate takeovers, operators have inherited a jumble of different hardware and need to manage relationships with multiple gateways and acquirers, which together result in high costs and heavy admin.
Decrease in Cash
Lower consumer cash usage means secure collections from machines has become less frequent, increasing the risk of theft and damage. When cash isn’t banked regularly, it can’t work hard for businesses, so operators need to find ways to speed up funding, settlement and cashflow.
Today’s operators seek to offer a simplified, more convenient experience to customers, which will encourage loyalty and increase revenue while reducing costs and admin burden. Convenience is key when it comes to expectations of parking. Fewer consumers are carrying cash so expect a choice of payment methods.
The technology is all there. Paying with apps including JustPark have enabled functionality like expiry alerts and the ability to extend parking periods remotely. As we use our devices more, we expect a better experience, including recognition and faster interactions.
Parking services in high traffic areas like airports and shopping centres have long used Automatic Number Plate Recognition (ANPR), enabling use of tap in and out of barriers with a payment card or device, no ticket required. Parking space sensors, on and off road, are already starting to direct fee enforcement efforts toward
the most lucrative opportunities and could soon support highly accurate charging too.
Specialist technical solutions providers are working closely with payments acquirers to clean up this complex landscape. Together, consulting to unravel the challenges and propose simple solutions that look to standardise hardware, streamline payments relationships and simplify administration and processes.
- Elavon Merchant Services Europe Names New President stef Parking Network