Elo was created by the collaboration of 3 different companies: Banco do Brasil, Caixa Economica Federal, and Banco Bradesco. Nowadays, it issues clients credit, debit, prepaid cards. Moreover, it provides additional banking services like payments in installments. The latter allows dividing the payments for online purchases over several months.The customer makes an order using the merchant’s website. At the checkout, shoppers add the payment information. The merchant’s payment gateway processes the payment and delivers a message about the result of the transaction (either a successful transfer or the payment was denied). Entering card details at the checkout will be enough to confirm the payment. Merchants can integrate this payment method into the checkout page if the payment processing provider offers this opportunity. The process will be very quick because Elo keeps up with the innovations. It offers modern banking solutions to all merchants and cardholders.
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You Won’t Learn This in Business School – Real Industry Insight
The global payments industry evolves faster than ever — powering everything from digital banking to eCommerce transactions. Yet few truly understand how payment processing, fintech innovation, and financial technology shape the world economy. That’s where Processing News comes in. At Processing News, we don’t just report on the payments ecosystem — we’ve built, run, and innovated within it. Our team of experts includes former fintech executives, payment system architects, compliance officers, and technology insiders who bring real-world experience to every article. We launched Processing News to be the Wikipedia of Payments — accessible, in-depth, and always accurate. In an era of clickbait and recycled press releases, we deliver trusted payments journalism rooted in industry expertise and data-driven analysis. Whether it’s new payment regulations, card network updates, emerging fintech startups, or fraud prevention trends, we provide clear, credible insight into what truly drives the global payment processing industry.
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