FDIC-Insured - Backed by the full faith and credit of the U.S. Government
24 October 2023
Minneapolis (October 24, 2023) – U.S. Bank , an industry leader in payment services, announces today the launch of Avvance, an embedded, multi-channel point of sale lending solution. Avvance empowers businesses with the ability to offer consumer financing during checkout with a quick application and instant decisioning.
Payment methods are constantly evolving and so are consumer expectations. Avvance offers a transparent, convenient way to pay over time with loan options available during the checkout experience. Backed by U.S. Bank, offers are personalized providing flexibility while maintaining healthy spending habits. For business owners, Avvance is embedded in the checkout process, enabling them to offer convenience for their customers from a trusted provider without the hassle of managing payments after the sale.
“Consumers like the certainty of knowing their payment amount and terms at the time of sale, with easy and instant access to credit. With Avvance, business owners have the ability to attract new customers while increasing their buying power, resulting in increased sales,” said Mia Huntington, executive vice president of Buy Now, Pay Later and Point-of-Sale Lending at U.S. Bank and Elavon. “Our point-of-sale lending product allows business owners the ability to offer affordable financing while they receive full payment at the time of sale. U.S. Bank , the primary source of the consumer loans, manages all aspects from application to servicing, so business owners can focus on what they do best – running their business.”
U.S. Bank Avvance™ offers flexible alternatives to pay so customers can own the purchase and the process, and business owners attract more sales, more often, streamlining the payment experience.
To learn more about Avvance, visit www.avvance.com.
Notes to editors
About Elavon
Elavon is wholly owned by U.S. Bank (NYSE: USB), the fifth-largest bank in the United States, and provides end-to-end payment processing solutions and services to more than 2 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. Bank
U.S. Bancorp, with approximately 70,000 employees and $587 billion in assets as of March 31, 2022, is the parent company of U.S. Bank National Association. The Minneapolis-based company serves millions of customers locally, nationally and globally through a diversified mix of businesses: Consumer and Business Banking; Payment Services; Corporate & Commercial Banking; and Wealth Management and Investment Services. The company has been recognized for its approach to digital innovation, social responsibility, and customer service, including being named one of the 2022 World’s Most Ethical Companies and Fortune’s most admired superregional bank. Learn more at usbank.com/about.
Contact:
Joe Rauch, Communications Manager | Global Head of Communications for Merchant Acquiring | Public Affairs and Communications
