Elavon Inc., formerly NOVA, is a processor of credit card transactions and a subsidiary of U.S. Bancorp. Elavon offers merchant processing in more than 30 countries and supports the payment needs of more than 1,000,000 merchant locations across the globe. Elavon is the 4th largest U.S. credit card processor and is a top 6 acquirer in the European marketplace. In 2004, NOVA announced that EuroConex is to buy Polish processor "CardPoint" from "Bank Zachodni WBK", owned by AIB, netting AIB approximately €17million in profit. This move allows Bank Zachodni to "sponsor" Euroconexs operations in Poland. NOVA announces deals with Spanish Banco Santander, and the UK-based Alliance & Leicester, with 27,000 merchant accounts.