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As Canada’s With 1.2 million small and medium businesses (SMBs) expected to grow, Elavon provides payment processing for CIBC acceptance and merchant services platforms.
Toronto, January 11, 2023 /CNW/ – Meeting the Needs of Small Businesses CIBC, in collaboration with Pollinate, today announced that Elavon has been selected as a payment processor to power payment processing on its platform called Tyl by CIBC for offering goods and services. . and tools for business banking clients.
Tyl by CIBC helps startups, SMEs and entrepreneurs with side jobs to realize their ambitions. Entrepreneurs work hard to realize their ambitions and this platform is uniquely positioned to meet their needs. A cloud-based, digital-first platform, Tyl by CIBC enables safe and secure payment acceptance, offers easy POS technology, and offers a range of additional services and features. client.
“We are excited to work with Tyl by CIBC to help entrepreneurs and business owners achieve their ambitions and grow. providing them with the innovation they need in security, backed by big banks.” Chris Sweetland, Senior Vice President of Payments, Strategy and Transformation at CIBC. “We support the ambitions of entrepreneurs and business owners around the world. Canada, Tyl by CIBC helps you process payments for your customers, but also provides other tools and products to run your business effectively. ”
Elavon is one of the world’s largest payment processors, processing over 5 billion customer transactions each year.
“Elavon is proud to be the partner of choice for bringing Tyl by CIBC to Canadian small businesses. Jamie Walker, CEO of Elavon. “Elavon works with millions of businesses around the world who share his CIBC commitment to providing simple, innovative solutions that ensure customer satisfaction.”
With the launch of Tyl by CIBC, the bank joins a global alliance of Tier 1 banks focused on creating powerful, integrated experiences for SMB clients, beginning with the acquisition. Other banks in this partnership include NatWest and National Australia Bank.
“SMEs around the world face unprecedented challenges and we are honored to work with a bank that is committed to their success.” Fiona Roach Canning, co-founder of Pollinate. “We see consistent trends in his SMB needs across countries and are delighted to partner with Elavon. Canada We serve merchants together everywhere. ”
About CIBC
CIBC is a leading North American financial institution with 13 million retail, corporate, public sector and institutional customers. CIBC offers a full range of advice, solutions and services across its personal and small business banking, commercial banking and wealth management, and capital markets businesses through its leading digital banking network and local offices. Canadaof usa and around the world.
About pollination
Pollinate enables banks to offer cutting-edge digital tools to small business customers and consumers, transforming the profitability of traditional acquiring businesses. Pollinate is committed to building a global alliance of like-minded banks to harness the power of data to create powerful digital experiences. Partners and investors include NatWest, National Australia Bank, CIBC, Insight Partners, Fiserv and Mastercard.
About Elavon
Elavon is a leading global payments company with over 4,300 employees and operations in 10 countries. Elavon is wholly owned by US Bank (NYSE: USB), his fifth largest bank in the United States. usaprovides end-to-end payment processing solutions and services to over 2 million customers. usa, EuropeWhen CanadaA leading provider in the aviation industry and a top 5 provider in hospitality, healthcare, retail and public sector/education, Elavon’s innovative payment solutions solve business pain points for small to large global corporations. designed to solve
Source CIBC
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