Vantiv’s Broad Distribution Channels and NCR’s Innovative Technology Enables New Reach to the Five Million Merchant Addressable Market
Relationship Offers a Powerful Mobile Checkout Platform at New Level of Affordability
CINCINNATI, May 15, 2013 – Vantiv, Inc. (NYSE: VNTV) announced today a strategic relationship with NCR Corporation (NYSE: NCR), to bring innovative point-of-sale (POS) technology integrated with leading payments solutions to the small business market. The multi-year agreement will focus on developing exclusive new solutions and expanding both companies’ innovative technology platforms to deliver personalized customer experiences that help smaller merchants compete more effectively against larger competitors.
The new relationship begins with today’s introduction of Vantiv Mobile Checkout powered by NCR Silver. This easy-to-implement product provides single shop and small chain owners a complete solution that makes managing their sales, inventory, marketing and customers easier, everyday. The package(1) includes all of the payment processing services, software and cloud-based back-office functions, and the necessary hardware peripherals that transform a business’ own iPad® into a turnkey mobile POS system. Moreover, Vantiv is offering this full solution at an incredibly affordable introductory price.
“At Vantiv, we’ve been working to leverage the power and efficiency of our single-integrated processing platform to provide greater value to small and medium-sized businesses,” said Donald Boeding, president of merchant services at Vantiv. “Now with this new relationship, we will be able to quickly offer more small merchants powerful POS technology that balances affordability with critical functionality and mobility. Vantiv Mobile Checkout powered by NCR Silver is our first, joint effort as part of this new relationship.”
Research by McKinsey and Company shows that up to 50 percent(2) of small and medium-sized businesses are considering moving to a tablet POS or mobile POS system. With more than five million(3) small-to-medium sized businesses in the United States, the strategic relationship between Vantiv and NCR provides expanded reach and distribution capabilities that capitalize on this trend.
“Small and medium-sized merchants have to compete in an omni-channel world and face many of the same challenges as our larger customers,” said Christian Nahas, vice president and general manager of the NCR small and medium business team. “Our relationship with Vantiv is focused on ensuring that all merchants have access to the best technology at affordable prices in order to help differentiate themselves, connect with their customers and thrive.”
Vantiv services nearly 400,000 merchant locations across the country and is the No. 1 PIN Debit processor and third largest overall acquirer in the United States by total number of transactions.(4)
To learn more about Vantiv Mobile Checkout, please visit www.vantiv.com/checkout. For more information about NCR Corporation or Vantiv, Inc., please visit their websites at ncr.com or vantiv.com. Information on Vantiv can also be found on Twitter, Facebook, LinkedIn, Google+ and YouTube.
1 The package includes the Receipt Printer for Vantiv Mobile Checkout, the Credit Card reader, the Cash Drawer, and the Swivel Stand for iPad. Apple devices are sold separately.
2 McKinsey Small Business Panel, June 2012
3 U.S. Census Data
4 The Nilson Report, March 2013
About NCR Corporation
NCR Corporation (NYSE: NCR) is the global leader in consumer transaction technologies, turning everyday interactions with businesses into exceptional experiences. With its software, hardware, and portfolio of services, NCR enables more than 300 million transactions daily across the retail, financial, travel, hospitality, telecom and technology industries. NCR solutions run the everyday transactions that make your life easier.
NCR is headquartered in Duluth, Georgia with over 26,000 employees and does business in 180 countries. NCR is a trademark of NCR Corporation in the United States and other countries.
iPad is a trademark of Apple Inc., registered in the U.S. and other countries.
About Vantiv, Inc.
Vantiv, Inc. (NYSE: VNTV) is a leading, integrated payment processor differentiated by a single, proprietary technology platform. Vantiv offers a comprehensive suite of traditional and innovative payment processing and technology solutions to merchants and financial institutions of all sizes in the U.S., enabling them to address their payment processing needs through a single provider. We build strong relationships with our customers, helping them become more efficient, more secure and more successful. Vantiv is the third largest merchant acquirer and the largest PIN debit acquirer based on number of transactions in the U.S. The company’s growth strategy includes expanding further into high growth payment segments, such as ecommerce, payment facilitation (PayFacTM), mobile, prepaid and information solutions, and attractive industry verticals, such as petroleum, business-to-business, government, healthcare, gaming and education. For more information, visit www.vantiv.com.
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