CINCINNATI, Sept. 14, 2011 /PRNewswire/ -- Vantiv, one of the
nation's largest payment processors, is pleased to announce that it
has signed contracts with three Texas and Florida based credit unions for single-sourced
comprehensive electronic processing servicing including: debit card
services, card production, gateway services, debit portfolio
management, fraud mitigation, enhanced chargeback processing and
ATM driving.
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The Rocket Federal Credit Union was chartered in 1954 in
McGregor, Texas as a part time
operation in the garage of an employee of Phillips 66 Petroleum
Company. Today, with assets totaling more than $16 million, Rocket Federal Credit Union offers
two locations with nearly 2,500 members. Known for their
motto, "Once a Member, Always a Member," Rocket Federal Credit
Union membership is open to those who live, work, or are related to
someone who lives or works within a specified geographic area.
To learn more visit www.rocketfcu.com.
Shell Federal Credit Union, headquartered in Deer Park, Texas was chartered in 1937. A
group of 40 employees of Shell Oil Refinery agreed to become the
first members of the credit union and paid the $.25 fee to join. Shell FCU continues to grow to
meet the financial needs of its increasing membership. The credit
union now has more than $450 million
in assets, with six branch locations, and 10 ATMs. The Credit Union
currently serves over 49,000 members who live, work, worship or
attend school in Harris County,
Texas. To learn more visit www.shellfcu.org.
SunState Federal Credit Union originated as Florida USDA
Federal Credit Union in 1957 serving only the USDA employees in the
state of Florida. Since that time
the credit union has undergone name changes as their field of
membership has been transformed. Today SunState is no longer an
occupational-based federal charter, but a community-based federal
charter, serving anyone who lives, works, worships, or attends
school in their defined geographic area. SunState Federal
Credit Union has grown to almost $300
million in assets, 10 ATMs, and over 26,000 members.
To learn more visit www.sunstatefcu.org.
"As a client of Vantiv, we have partnered together and
completely re-energized our card servicing programs. We are
thrilled to have one provider offering one solution," said
Jim Woodward, President and CEO,
SunState Federal Credit Union. "The Vantiv team is committed
to anticipating our needs and creating solutions that ensure our
complete satisfaction. We appreciate that the success of
their clients is a main focus of the company."
Vantiv's product suite also includes ATM terminal driving and
monitoring, ATM and debit card transaction authorization and
processing, credit issuing and processing services, national and
regional gateway services, comprehensive ancillary services
including fraud detection, card production, Rewards! product, and
other consultative services.
"We believe that our clients deserve more than a product- they
deserve an experience," said Royal
Cole, President, Financial Institution Services at Vantiv.
"We are excited to give these credit unions the Vantiv
treatment that will help them drive the superior portfolio
performance they desire. Their members already know and
respect their brands, and we will now help them build on those
foundations to grow their card programs into more than they have
ever had before. With our innovative programs and our
commitment to success these companies can expect more from
Vantiv."
About Vantiv
Vantiv, LLC is one of the largest providers of payment
strategies and technology solutions for financial institutions and
businesses worldwide. Formed in 1971 and most recently known as
Fifth Third Processing Solutions, LLC, the Company builds strategic
partnerships with its customers, helping them become more
efficient, more secure and more successful. Headquartered in
Cincinnati, Ohio, Vantiv, LLC is a
joint venture between Advent International and Fifth Third Bank, a
subsidiary of Fifth Third Bancorp (FITB).
Vantiv, LLC supports more than 400,000 merchant and financial
institution locations and 12,000 ATMs in 46 states and 8 countries.
The company processes more than 11.4 billion ATM and POS
transactions and nearly $400 billion
in debit and credit sales volume annually. Its subsidiary,
NPC, is one of the largest providers of payment processing services
exclusively focused on the small-to-medium merchant processing
market. According to the Nilson Report (March 2011), the Company is the largest PIN Debit
U.S. acquirer and third largest U.S. merchant transaction acquirer
ranked by general purpose transaction volume. For more information,
visit www.vantiv.com.
CONTACT:
Lynn M. Rhoads, Senior Vice
President
Communications Director
513.900.4942
lynn.rhoads@vantiv.com
SOURCE Vantiv