Partnerships / Acquisitions

Vantiv Selected By FTSI For ATM Processing

Vantiv, a provider of payment processing services and related technology for merchants and financial institutions, announced Thursday (Feb. 9) that Financial Technology Solutions International (FTSI) has inked an exclusive agreement to offer Vantiv services, including debit, credit and ATM processing.

In a press release, Vantiv said its services will be provided to FTSI’s 150 financial institution partners around the U.S. “We chose Vantiv because they are a clear leader in the payments industry with 45 years of experience and expertise,” said Susan Napier, chief executive officer at FTSI, in the press release. “Vantiv focuses solely on payments and offers best-in-class solutions that will help our financial institution clients to combat fraud and grow their portfolios.”

FTSI will start offering Vantiv services to its current and prospective financial institution partners for card processing, ATM processing, fraud protection and other services, including mobile banking technology. “FTSI partners will now be able to tap into Vantiv’s strategy for optimizing card revenue through mobile payments, advisory services and in-depth analytics,” said Bill Hampton, senior vice president and general manager of Financial Institution Services at Vantiv, in the same press release. “We look forward to partnering with these banks and credit unions to provide deeper insights and intelligence into the dynamics of their customers’ and members’ payment activity.”

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Our data and analytics team has developed a number of creative methodologies and frameworks that measure and benchmark the innovation that’s reshaping the payments and commerce ecosystem. The July 2019 Pay Advances: The Gig Economy’s New Normal, a PYMNTS and Mastercard collaboration, examines pay advances – full or partial payments received before an ad hoc job is completed – including how gig workers currently use them and their potential for future adoption.

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