Latest news with #Avvance
Yahoo
06-05-2025
- Business
- Yahoo
Pure Finance Group selects U.S. Bank Avvance for expansion
Pure Finance Group, a Maryland-based company established in 2018, has selected U.S. Bank Avvance solution to expand into a new segment. This collaboration aims to facilitate Pure Finance's expansion into the HVAC market. The integration of Avvance marks a significant step for Pure Finance, which has already financed over 20,000 homeowners through its platform designed for home improvement contractors. Pure Finance Group CEO Ed Meister said: 'We're thrilled to leverage the kind of innovative lending product like Avvance from an innovative and reliable banking partner in U.S. Bank.' Launched in October 2023, Avvance is U.S. Bank's inaugural real-time consumer lending product, offering APR-based term loans at the point of sale. Initially focused on home improvement and healthcare sectors, the Avvance team is actively seeking opportunities to broaden its application across various industries. U.S. Bank Avvance head Rob Seidman said: 'U.S. Bank Avvance supports business growth of our partners by providing financing options at the time of sale to meet customers' demands, coupled with the reliability of the fifth largest commercial bank in the US. 'We're excited to support Pure Finance's expansion into a new segment with Avvance, as we continue to discover partners who want the flexibility that real-time point-of-sale lending brings.' In 2019, U.S. Bank acquired Silicon Valley software firm talech to enhance its digital capabilities. U.S. Bancorp, the parent company of U.S. Bank National Association, employs around 70,000 individuals and manages assets totalling $676bn as of 31 March 2025. Headquartered in Minneapolis, U.S. Bank provides a wide range of services, including consumer banking, business banking, commercial banking, institutional banking, payments, and wealth management, serving millions of customers both domestically and internationally. "Pure Finance Group selects U.S. Bank Avvance for expansion" was originally created and published by Retail Banker International, a GlobalData owned brand.
Yahoo
05-05-2025
- Business
- Yahoo
U.S. Bank Avvance Added to Pure Finance Group's Home Improvement Lending Platform
Second partnership for Avvance as point-of-sale (POS) lending continues to scale MINNEAPOLIS, May 05, 2025--(BUSINESS WIRE)--U.S. Bank Avvance, a real-time, point-of-sale lending solution, has been selected by Pure Finance Group to support the home improvement lender's next growth effort. The integration of Avvance enabled Pure Finance's efforts to expand into the HVAC segment and is the latest fintech platform to leverage Avvance to provide real-time point-of-sale lending for its own clients. "U.S. Bank Avvance supports business growth of our partners by providing financing options at the time of sale to meet customers' demands, coupled with the reliability of the 5th largest commercial bank in the United States," said Rob Seidman, head of U.S. Bank Avvance. "We're excited to support Pure Finance's expansion into a new segment with Avvance, as we continue to discover partners who want the flexibility that real-time point-of-sale lending brings." Founded in 2018, the Maryland-based Pure Finance has provided financing for more than 20,000 homeowners through its lending platform developed to support home improvement contractors. "We're thrilled to leverage the kind of innovative lending product like Avvance from an innovative and reliable banking partner in U.S. Bank," said Ed Meister, CEO at Pure Finance Group. Avvance is the latest addition to U.S. Bank's deep capabilities that bring together banking and payments. Launched in October 2023 as U.S. Bank's first real-time consumer lending product, Avvance provides APR-based consumer term loans at the point-of-sale. Focused at launch on providing real-time financing for home improvement and healthcare clients, the Avvance team is continuing to explore how to further expand the innovative point of sale solution to additional segments. To learn more about Avvance, visit About U.S. Bancorp U.S. Bancorp, with approximately 70,000 employees and $676 billion in assets as of March 31, 2025, is the parent company of U.S. Bank National Association. Headquartered in Minneapolis, the company serves millions of customers locally, nationally and globally through a diversified mix of businesses including consumer banking, business banking, commercial banking, institutional banking, payments and wealth management. U.S. Bancorp has been recognized for its approach to digital innovation, community partnerships and customer service, including being named one of the 2025 World's Most Ethical Companies and one of Fortune's most admired superregional banks. Learn more at View source version on Contacts Joe Sign in to access your portfolio
Business Wire
05-05-2025
- Business
- Business Wire
U.S. Bank Avvance Added to Pure Finance Group's Home Improvement Lending Platform
MINNEAPOLIS--(BUSINESS WIRE)--U.S. Bank Avvance, a real-time, point-of-sale lending solution, has been selected by Pure Finance Group to support the home improvement lender's next growth effort. The integration of Avvance enabled Pure Finance's efforts to expand into the HVAC segment and is the latest fintech platform to leverage Avvance to provide real-time point-of-sale lending for its own clients. 'U.S. Bank Avvance supports business growth of our partners by providing financing options at the time of sale to meet customers' demands, coupled with the reliability of the 5 th largest commercial bank in the United States,' said Rob Seidman, head of U.S. Bank Avvance. 'We're excited to support Pure Finance's expansion into a new segment with Avvance, as we continue to discover partners who want the flexibility that real-time point-of-sale lending brings.' Founded in 2018, the Maryland-based Pure Finance has provided financing for more than 20,000 homeowners through its lending platform developed to support home improvement contractors. 'We're thrilled to leverage the kind of innovative lending product like Avvance from an innovative and reliable banking partner in U.S. Bank,' said Ed Meister, CEO at Pure Finance Group. Avvance is the latest addition to U.S. Bank's deep capabilities that bring together banking and payments. Launched in October 2023 as U.S. Bank's first real-time consumer lending product, Avvance provides APR-based consumer term loans at the point-of-sale. Focused at launch on providing real-time financing for home improvement and healthcare clients, the Avvance team is continuing to explore how to further expand the innovative point of sale solution to additional segments. To learn more about Avvance, visit About U.S. Bancorp U.S. Bancorp, with approximately 70,000 employees and $676 billion in assets as of March 31, 2025, is the parent company of U.S. Bank National Association. Headquartered in Minneapolis, the company serves millions of customers locally, nationally and globally through a diversified mix of businesses including consumer banking, business banking, commercial banking, institutional banking, payments and wealth management. U.S. Bancorp has been recognized for its approach to digital innovation, community partnerships and customer service, including being named one of the 2025 World's Most Ethical Companies and one of Fortune's most admired superregional banks. Learn more at
Yahoo
09-04-2025
- Business
- Yahoo
U.S. Bank's Elavon Jumps Two Spots in 2025 Nilson Report Ratings
Payments leader moves from 7th to 5th in latest report, spotlighting payments growth as ranked by Mastercard and Visa purchase volume MINNEAPOLIS, April 09, 2025--(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. "Our innovative, tech-led payment products and solutions are valuable to businesses we serve, from your favorite local restaurant or shop to some of the largest hospitality brands and airlines in the world," said Jamie Walker, chief executive officer at Elavon. "We intend to continue to deliver what our clients need and solve the business and payment processing challenges they face." Elavon is a global payments leader, processing more than $576 billion in transactions worldwide annually. Backed by U.S. Bank, the fifth-largest commercial bank in the United States, Elavon offers a broad range of technologies and scalable payment solutions to businesses of all sizes. Elavon provides payment processing to eight of the Top 10 airlines globally and is the trusted payments partner for seven of the Top 10 largest U.S. hotel brands. Elavon has secured a number of strategic partnerships in recent years, resulting in increased purchase volume and customer growth. These partnerships include Delta Air Lines Tap-to-Pay on iPhone integration, Virgin Atlantic, Southeast Pennsylvania Transit Authority (SEPTA), the California Restaurant Association, and many others. Salucro, the healthcare payments company acquired by U.S. Bank in 2024, has been an attractive addition for clients and prospects in the healthcare sector. In addition, Elavon has recently launched innovative payment products and solutions, including its Avvance point-of-sale lending solution, Elavon Payments Gateway as a unified, digital, cloud-based payments solution, and talech terminal as a simple point-of-sale solution to help small businesses more efficiently run their businesses. "As the payments landscape continues to evolve at lightning speed, we are on the forefront of delivering solutions that businesses—no matter their size or industry—seek to ensure a seamless, simple payment experience for their customers," Walker said. For more information, visit About Elavon Elavon is owned by U.S. Bank (NYSE: USB), the fifth-largest bank in the United States. It provides end-to-end payment processing solutions and services to more than 1.3 million customers in the United States, Europe, and Canada. As the leading provider for airlines and a top five provider in hospitality, healthcare, retail, and public sector/education, Elavon's innovative payment solutions are designed to solve pain points for businesses from small to the largest global enterprises. About U.S. Bancorp U.S. Bancorp, with more than 70,000 employees and $678 billion in assets as of December 31, 2024, is the parent company of U.S. Bank National Association. Headquartered in Minneapolis, the company serves millions of customers locally, nationally and globally through a diversified mix of businesses, including consumer banking, business banking, commercial banking, institutional banking, payments and wealth management. U.S. Bancorp has been recognized for its approach to digital innovation, community partnerships and customer service, including being named one of the 2024 World's Most Ethical Companies and Fortune's most admired superregional bank. Learn more at Deposit products are offered by U.S. Bank National Association. Member FDIC. Services may be subject to credit approval. Eligibility requirements, restrictions and fees may apply. See a business banker for details. View source version on Contacts Media Contact: Joseph 919.260.2994
