Market Overview

Vantiv, Dillard's Announce Renewal of Processing Relationship

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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 Dillard's, Inc. (NYSE: DDS) has extended its processing relationship with Vantiv with a new multi-year agreement for credit, PIN debit, eCommerce and Pay In Your Currency^® processing for 283 Dillard's locations, 18 clearance centers, and at Dillards.com.  Dillard's is one of the nation's largest fashion apparel and home furnishing retailers that focuses on delivering fashion and value to its shoppers complemented by exceptional customer care.

"We are proud to work with one of the largest apparel and home furnishing retailers in the United States," said Donald Boeding, president of merchant services at Vantiv. "The extension of our relationship with Dillard's highlights Vantiv's commitment to strong customer service and to providing a secure and reliable payment experience for consumers across payment channels."

Vantiv's consultative approach to client service and its value added processing solutions provide Dillard's customized services that seamlessly support their point-of-sale and eCommerce processes and infrastructure.  Utilizing the Vantiv platform, Dillard's is able to process payments securely, quickly and efficiently, while letting customers pay with the credit or debit card of their choice both in store and online.

The comprehensive suite of payment solutions offered by Vantiv represents its continued investments in its core processing platform, emerging technologies and strong execution capabilities, which expand choice and acceptance options for customers of Dillard's and other large retailers.

Vantiv processes for 8 of the top 25 retailers^1 in the United States with volumes weighted towards non-discretionary, everyday spend categories, and is the largest PIN debit acquirer^2 based on number of transactions in the U.S. For more information about Vantiv, please visit vantiv.com or on Twitter, Facebook, LinkedIn, Google+ and YouTube.

Posted-In: News Contracts

 

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