Headquarters: Cincinnati, Ohio
Market Capitalization: $6.3 Billion
1. 400,000 Merchant Locations
2. 12,000 Automated Tellers
3. 15.4 Billion Payment Transactions Annually
Vantiv Takes The Mobile Call From AT&T
Vantiv made a lot of mobile payment-accepting merchants happy this week with the announcement of a new product line designed in conjunction with AT&T. Vantiv Mobile Accept puts payments management in the hands of merchants – literally – with a no-brainer app experience.< br>
Another aspect of the partnership is the release of Vantiv Mobile Checkout from AT&T, the two companies’ cloud-based tablet POS. Everything an on-the-go merchant needs is wrapped up into this package, putting Vantiv in a strong position in a rapidly-growing space. The big-ticket promise is faster mPayment processing, which is crucial for sellers on the move.
These products are marketed to sellers both great and small, meaning that Vantiv is staking its claim as the go-to stop for mPOS solutions. Get our coverage here.
Vantiv Lends Microsoft A Hand
Vantiv got some great exposure at the National Retail Federation’s Annual Convention & Expo as the company and Microsoft announced a new payments partnership.
The Microsoft Dynamics payments solution will get a Vantiv-charged upgrade, delivering faster mobile payments and cloud-connected payments to users of the software giant’s platform. The move puts Vantiv at the forefront of the omnichannel payments conversation, as this market is set to grow significantly in 2014.
Why does this story matter? Vantiv’s been around since the early days of electronic payments, and this partnership gives the company stable ground to develop reliable payments solutions. Read our coverage of the Microsoft/Vantiv announcement here.
Quote of the Week: “We are pleased to partner with [Vantiv] to help businesses of all sizes create the personal, differentiated interactions that seamlessly connect them to their customers,” Wayne Morris, corporate vice president at Microsoft Business Solutions, stated in regards to the payments partnership.
To view last week’s PYMNTS Player of the Week, click here.