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Elavon acquires CenPOS

Payment processor Elavon Inc. on Jan. 8 has acquired CenPOS LLC, a payment software solutions provider.

Financial terms of the deal were not disclosed.

CenPOS focuses on three industry verticals, namely automotive, travel and entertainment, and general business-to-business transactions. The deal will help Elavon improve its digital capabilities by integrating payments into CenPOS' software.

Elavon is a unit of U.S. Bancorp.