CINCINNATI, July 13, 2017 /PRNewswire/ -- Vantiv, Inc. (NYSE:
VNTV), a leading provider of payment processing services and
technology for merchants and financial institutions of all sizes,
today announced it is developing comprehensive eCommerce payments
and security extensions for the Magento 1 and Magento 2 platforms
from Magento Commerce, the worldwide leader in cloud digital
commerce innovation.
These integrations, part of a new relationship between the two
firms by which Vantiv has become a member of the Magento Commerce
Xcelerate Partner Program as a Select Technology Partner, will help
Magento merchants – especially those that employ the increasingly
widespread subscription, or recurring payment, business model – to
maximize customer lifetime value and increase revenue.
In addition to traditional credit and debit card processing,
gift cards, mobile wallets (Apple Pay and Android Pay), alternative
payment methods (eCheck and PayPal), Level 1, Level 2, and Level 3
card processing, and international payment options, Vantiv's
Magento extensions will include the following value-added services
and supplementary payments capabilities: Vantiv Recovery (Account
Updating and Authorization Recycling), Vantiv Recurring Engine,
Vantiv Issuer Insights, Vantiv iQ for eCommerce, Vantiv eProtect,
Vantiv Fraud Toolkit, and Tokenization.
Vantiv's extension for Magento M2 is available now from the
Magento Marketplace, while the M1 platform extension is planned for
release later this fall.
"Our eCommerce processing solutions will provide Magento
merchants with a number of convenient payment methods – plus help
safeguard their online stores and offer business-impacting customer
data," said Greg Worch, head of
eCommerce at Vantiv, "We believe our stature as a Magento Select
Technology Partner, coupled with our extensions to the highly
popular Magento 1 and Magento 2 platforms, will enable us to
further expand our brand and reach among the merchants within this
important network."
"We are delighted to welcome a payments processor with the
prestige of Vantiv into our ever-expanding ecosystem," said
Mark Lenhard, senior vice president
of strategy and growth at Magento. "Our partnership with Vantiv
will help our customers stay ahead of the payments challenges
associated with revenue generation and risk management."
According to The Nilson Report's latest annual U.S. Merchant
Acquirer Rankings, Vantiv now processes more domestic debit and
credit transactions than any other acquirer in the United States.
ABOUT
VANTIV
Vantiv, Inc. (NYSE: VNTV) is a leading payment processor
differentiated by an integrated technology platform. Vantiv offers
a comprehensive suite of traditional and innovative payment
processing and technology solutions to merchants and financial
institutions of all sizes, 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 now the
largest merchant acquirer, and PIN debit acquirer based on number
of transactions in the U.S. The company's growth strategy includes
expanding further into high-growth channels and verticals,
including integrated payments, eCommerce, B2B payments, and
merchant banking. Visit us at www.vantiv.com, or follow us on
Twitter, Facebook, LinkedIn, Google+ and YouTube.
© 2017 Vantiv, LLC. All Rights Reserved. All trademarks, service
marks, and trade names referenced herein are the property of their
respective owners. Vantiv and other Vantiv products and services
mentioned herein as well as their respective logos are registered
trademarks or trademarks of Vantiv, LLC in the U.S. and other
countries.
CONTACTS
Adam
Kiefaber
Leader- Communications, Public Relations
513-900-5097
Adam.Kiefaber@vantiv.com
Ian Wissman
Corporate Communications
513-900-5897
Ian.Wissman@vantiv.com
View original content with
multimedia:http://www.prnewswire.com/news-releases/vantiv-announces-ecommerce-payments-and-security-extensions-for-magento-platforms-300487986.html
SOURCE Vantiv, Inc.