Elavon Partners with Microsoft to Launch Payment App
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1d ago
0mins
Source: Newsfilter
- Payment Process Innovation: Elavon has partnered with Microsoft to launch the Elavon Live Payments app, leveraging the omni-channel capabilities of the EPG platform to enable professional service providers to quickly and securely send invoices and collect payments within Microsoft 365, significantly reducing friction in traditional payment processes.
- Improved Cash Flow Efficiency: According to the 2024 Professional Services Maturity Benchmark Report, professional service providers often wait 5 to 15 days longer than other industries to convert credit sales into cash; Elavon Live Payments helps businesses reduce Days Sales Outstanding by integrating payment workflows in real-time within Outlook and Teams, fostering business growth.
- Enhanced User Experience: The app works directly within Outlook and Teams, allowing users to create and send invoices without switching platforms, while real-time payment notifications and tracking enhance the security and efficiency of payment processing, making it ideal for consultants, freelancers, and other service-based businesses.
- Market Availability: Elavon Live Payments is now available through the Microsoft Marketplace, utilizing Microsoft Azure as a core component to provide a versatile payment processing solution aimed at addressing cash flow management challenges for businesses.
Analyst Views on USB
Wall Street analysts forecast USB stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for USB is 58.87 USD with a low forecast of 50.00 USD and a high forecast of 75.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
20 Analyst Rating
12 Buy
7 Hold
1 Sell
Moderate Buy
Current: 56.530
Low
50.00
Averages
58.87
High
75.00
Current: 56.530
Low
50.00
Averages
58.87
High
75.00
About USB
U.S. Bancorp is a financial services holding company. Its segments are Wealth, Corporate, Commercial and Institutional Banking, Consumer and Business Banking, Payment Services, and Treasury and Corporate Support. It provides a full range of financial services, including lending and depository services, cash management, capital markets, and trust and investment management services. It also engages in credit card services, merchant and ATM processing, mortgage banking, insurance, brokerage and leasing. Its banking subsidiary, U.S. Bank National Association (USBNA), is engaged in the banking business, principally in domestic markets. USBNA provides a range of products and services to individuals, businesses, institutional organizations, governmental entities and other financial institutions. Its non-banking subsidiaries offer investment and insurance products to its customers principally within its domestic markets, and fund administration services to a range of mutual and other funds.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
