Market Overview

Vantiv, Inc. : Vantiv Expands Prepaid Functionality and Distribution Channels


 Vantiv News Release

 
 

Vantiv Expands Prepaid Functionality and Distribution Channels

Company Introduces New International, Bill Pay, Reload, Alert and Direct Deposit Features

Vantiv Expands Prepaid Distribution Through New Multi-Year Agreement with Dittman Incentive Marketing

Company to Showcase its Prepaid Advancements at the 8th Annual Prepaid Expo USA in Orlando, Fla.

Cincinnati - Feb. 27, 2013 - Vantiv, Inc. (NYSE: VNTV), a leading provider of payment processing services and related technology solutions for merchants and financial institutions of all sizes, announced today that it has introduced new functionality for its prepaid processing platform and has expanded its sales channels for small to mid-sized business customers through a new distribution partnership with Dittman Incentive Marketing.

"We continue to advance the capabilities of our prepaid programs to meet the evolving needs of our customers," said Bill Weingart, chief product officer at Vantiv. "Our new prepaid card capabilities provide even more functionality for customers, including international usage, bill pay, real-time alerts, direct deposit features, and the ability to reload them at thousands of Mastercard® rePower(TM) locations."

The new prepaid card capabilities complement an already robust Vantiv prepaid platform, which launched in early 2011. Like all Vantiv card programs, Vantiv's prepaid card products are safe and secure, utilizing comprehensive controls on fraud monitoring, and full cardholder customer service support. Design features and account activation are easily managed through Vantiv's secure management portal and 24/7/365 bilingual call center.

In addition to the expanded platform, Vantiv has also partnered with Dittman Incentive Marketing to help extend its sales and distribution of prepaid cards in the small to mid-sized business-to-business segment.

"By aligning with Dittman, we are able to reach even more businesses seeking prepaid solutions," said Weingart. "Dittman's focus on providing robust incentives, recognition, and rewards programs that help companies motivate sales people, employees, partners, and customers is a great way to use prepaid cards, and Vantiv is excited about the value we can provide together."

Dittman is a leading provider of web-based Incentive, Recognition and Reward programs that help companies increase loyalty and attract new business.

"Vantiv has quickly established itself in the prepaid segment," said Dave Dittman, executive vice president at Dittman.  "By combining Dittman's proprietary web-based ordering platform with Vantiv's robust fulfillment service, small and mid-sized business customers now have access to a first-class prepaid solution."

Vantiv will be showcasing its comprehensive suite of prepaid solutions at booth #106 at the 8th Annual Prepaid Expo USA in Orlando, Fla. from March 4-6, 2013. Ed Paciolla, vice president for prepaid products at Vantiv, will be a key panelist at the GPR: Engage Customers for the Reloadable Long Haul - Bubbling Opportunities for the Banks session on Tuesday, March 5th at 12:00 pm ET. The session will occur in ballrooms Celebration 9 and 10. More details about the Prepaid Expo USA can be found at iirusa.com/prepaid/welcome-page.xml.

For more information about Vantiv's prepaid programs, please visit vantiv.com/Products/Prepaid or on Twitter, Facebook, LinkedIn, Google+, and YouTube. To learn more about Dittman Incentive Marketing, please visit dittmanincentives.com.

CONTACT:
Andrew Ciafardini
Director of Public Relations for Vantiv
513.900.5308
andrew.ciafardini@vantiv.com

About Dittman Incentive Marketing
For more than 35 years, Dittman Incentive Marketing has been an award-winning, quality leader in providing incentives, recognition, and rewards programs to help companies realize immediate ROI in motivating sales people, employees, channel partners, customers, and consumers. Dittman's signature products and services include: TotalPRO® (Performance Recognition Online) - an incentive, recognition and rewards online software solution (SaaS), and Deluxe Group Incentive Travel. For more information, visit www.dittmanincentives.com.

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, mobile, prepaid and information solutions, and attractive industry verticals, such as business-to-business, government, healthcare and education. For more information, visit www.vantiv.com.

© Copyright Vantiv, LLC.  All rights reserved.  Vantiv, the Vantiv logo, and all other Vantiv product or service names and logos are registered trademarks or trademarks of Vantiv, LLC in the USA and other countries.  ® indicates USA registration.

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Source: Vantiv, Inc. via Thomson Reuters ONE

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