Vantiv Inc is a Delaware corporation and was incorporated on March 25, 2009. The Company is an payment processor differentiated by an integrated technology platform. Its distribution includes multiple sales channels, such as its direct and indirect sales forces and referral partner relationships, which provides it with a growing and diverse client base of merchants and financial institutions. The Company offers a suite of payment processing services that enable its clients to meet their payment processing needs through a single provider, including in omni-channel environments that span point-of-sale, ecommerce and mobile devices. It enables merchants of all sizes to accept and process credit, debit and prepaid payments and provide them supporting value-added services, such as security solutions and fraud management, information solutions, and interchange management. It also provides mission critical payment services to financial institutions, such as card issuer processing, payment network processing, fraud protection, card production, prepaid program management, ATM driving and network gateway and switching services that utilize its proprietary Jeanie PIN debit payment network. The Company has a diversified merchant client base including 800,000 merchant locations across the United States. It provides merchants with credit, debit and prepaid payment processing services. It gives the ability to accept and process Visa, MasterCard, American Express, Discover and PIN debit network card transactions originated at the point of sale as well as for ecommerce and mobile transactions. This service includes all aspects of card processing, including authorization & settlement, customer service, chargeback and retrieval processing & network fee and interchange management. It also offers value-added services that help its clients operate and manage their businesses including omni-channel acceptance, prepaid services and gift card solutions. It also provides security solutions such as point-to-point encryption and tokenization both at the point of sale and for ecommerce transactions. The Company's financial institution client base is also generally well diversified and includes 1,400 financial institutions, including regional banks, community banks, credit unions and regional PIN debit networks. It provides integrated card issuer processing, payment network processing and value-added services to its financial institutions clients. It process and service credit, debit, ATM and prepaid transactions. It process and provides statement production, collections and inbound/outbound call centers. Its card processing solution includes processing and other services such as card portfolio analytics, program and support, fraud and security management and chargeback and dispute services. It also offers processing for specialized accounts, such as business cards, home equity lines of credit and health savings accounts. It provides authorization support in the form of online or batch settlement, as well as real-time transaction research capability and archiving and daily and monthly cardholder reports for statistical analysis. It provides additional services to its financial institution clients that complement its issuing and processing services. These services include fraud protection, card production, prepaid cards, ATM driving, portfolio optimization, data analytics and card program marketing. It also provides network gateway and switching services that utilize its Jeanie PIN network. The Jeanie network offers real-time electronic payment, network bill payment, single point settlement, shared deposit taking and customer select PINs. The Jeanie network includes 7,600 ATMs, 26 million cardholders and 710 member financial institution clients. The Company's integrated technology platform provides its merchant and financial institution clients with differentiated payment processing solutions and provides with strategic and operational benefits.
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