What's next?
9 replies (most recent on top)
This is delusional
MPS will soon consume the bank as the main corporate entity and the banking component will be less relevant as consumer habits continuento.change, kinda like Target took over its former parent Dayton Hudson.
The most recent flurry of reorganizations and further shift of personnel to reporting to people with dangerously limited payments experience appears to be a deckchair move, rather than putting what's left of the franchise's payments experience in place to avoid the 2026 iceberg with many partners, vendors, relationships and talent moving on to better managed and better positioned payments entities.
@b5 bingo
In my opinion, the bank already has a new head of payments acquiring lined up and they will not be an internal candidate, that person will come from an existing payments competitor with a mission to buy and bolt what is left of Elavon/MPS and its dilapidated network platform onto their former employer next year, leaving the bank as an everyday ISO comparable to Wells Fargo, Truist, Fifth Third, Regions, Bank of America and the like. Bank has made such a mess of their payments franchise there is no other way out now.
In my opinion, bringing in all of the USB leadership has ruined Elavon. They replaced highly knowledgeable and experienced leaders with individuals with zero experience in payments or leadership for that matter.
This place is burning and it’s all the banks fault. Always pointing the finger blaming Elavon when the bank doesn’t understand how to leverage them properly. Tell me that Elavon is the problem when 90% of SBS and BBRM’s can’t refer a single account in scope.
It’s a valid concern to wonder what will be left of “Elavon” - piece by piece has been absorbed or transferred into other areas of the bank the last few years. I’ve heard rumors across the whole spectrum of what this change could be.
No. Jamie Walker moving over to USB has everyone all pent up…
What’s the context? Are we selling Elavon?