Elavon jumps two spots in 2025 Nilson Report Ratings

MINNEAPOLIS--(BUSINESS WIRE)-- Elavon, the merchant services payment provider of U.S. Bank, has moved up two spots in the 2025 Nilson Report to become the fifth-largest U.S. merchant acquirer and the second-largest bank-owned acquirer as ranked by Mastercard and Visa purchase volume.

The Nilson Report*, a stalwart of news and analysis of the global card and mobile payment industry, released the rankings at the beginning of April.

Per the Nilson Report (Issue 1282, March 2025), Elavon is the fifth-largest acquirer of Visa and Mastercard volume in the United States, up from seventh in the prior year. For total purchase volume (Visa, Mastercard, and other credit and pin-debit), Elavon is the sixth-largest provider in the United States, up from seventh. Elavon remained the fourth-largest acquirer of card-not-present purchase volume, an indicator of eCommerce sales. Read more here.