Elavon , a wholly owned subsidiary of U.S. Bank, has launched the next generation of talech software aiming to help small business owners run their businesses efficiently.

The talech Terminal payment solution is a point-of-sale system that allows business owners to accept payments anywhere with various hardware options, including mobile or fixed hardware and in-store terminals. U.S. Bank and Elavon launched talech Register in 2022 as an all-in-one payments and business analytics platform intending to empower small business owners to better manage their operations. The next evolution of talech software, talech Terminal, builds on the performance of talech Register and offers more payment options for business owners.

According to the press release, this marks the latest addition to a suite of products that integrate payments and banking solutions for small business owners, seeking to create better efficiencies. Elavon’s main aim is for the software to offer an intuitive interface, product organisation, and access to basic reporting features. Moreover, additional features of the talech Terminal system include credit card surcharge, inventory management capabilities, as well as employee management support.

About Elavon and its recent development Elavon provides end-to-end payment processing solutions and services to more than 1.3 million customers in the US, Europe, and Canada. The firm is a provider for businesses across various industries, including airlines, hospitality, healthcare, retail, education, and more. Elavon’s payment solutions are designed to solve friction points for businesses ranging from small to global enterprises.

U.S. Bank serves customers globally through a diversified mix of businesses: consumer and business banking, payment services, corporate and commercial banking, and wealth management and investment services. In April 2023, U.S. Bank and Elavon signed an agreement with the California Restaurant Association to offer customised payment solutions for restaurants in California.

A state-wide trade association, the CRA represent 22,000 member locations, and the partnership was set to provide the tools and resources necessary to ensure that the restaurant and hospitality sector can better manage operations and receive customer payments in a secure and efficient manner. The intention was that through this type of partnership, the company would assist restaurant owners with reducing operational expenditure, improving cash flow, and bettering customers’ dining and takeout experiences. In February 2023, Netherlands-based payments orchestration company, Akurateco, announced certification of its integration to Elavon. Elavon has been contributing to the payments processing landscape focusing on the quality of integrations and requiring certification of payments providers that want to connect to the company as an acquirer.

The certification process was a confirmation of integration having been performed correctly and enabling transaction processing through its system. .