By general transaction purpose volume, Vantiv, Inc. is considered to be the third largest U.S. merchant transaction acquirer and the largest PIN Debit U.S. acquirer. The business is registered as a payment processing and technology solutions company.
Headquartered in Cincinnati, Ohio, the company offers its products and services to both merchants and financial institutions regardless of size. It is not just within the United States that the business conducts its trade as it also has operations in 8 other countries. There are more than 400,000 merchants and 12,000 automated teller machines (ATMs) that it supports. On an annual basis, it processes more than 16.9 billion transactions that amount to more than $611 billion.
Publicly traded on the New York Stock Exchange, Vantiv’s core products include loyalty programs, compliance, fraud and data security, debit, credit, check, prepaid, payment terminals and gateways, mobile services and advisory services. The company was once known as Fifth Third Processing Solutions before changing its corporate name to Vantiv, Inc. in 2011.