Vantiv, Inc. : Vantiv, Inc.: Vantiv Expands Mobile Check Deposit Capabilities
for Financial Institutions
Vantiv News Release
Vantiv Expands Mobile Check Deposit Capabilities for Financial Institutions
Adds Custom Branding Functionality That Expands Customer Experience
Leverages Company's Powerful Jeanie^® Network and Check Clearing Standards to
Cincinnati - Feb. 14, 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 launched its
newest mobile check deposit solution that has the capability to be customized
with any financial institution brand. The new product provides financial
institutions an effective way to extend their brand presence and geographic
reach by making it fast and convenient for cardholders to deposit checks
anytime, anywhere. The introduction of the enhanced solution follows the
successful launch of Vantiv's Jeanie-branded app in April of 2012.
"Over forty percent of consumers say they want mobile check deposit^1," said
Royal Cole, president of financial institution services at Vantiv. "Now with
our new, custom branded solution, financial institutions can extend their
reach and provide customers even greater convenience with their own branded,
mobile deposit app."
Vantiv's mobile check deposit solution leverages the Company's powerful Jeanie
Network and utilizes check image standards, enabling the deposit app to work
with financial institutions' current check clearing and image archive systems
so that core integration is not required.
Financial institutions can brand the solution's mobile deposit app with their
own logo and colors and customize content elements. The app is available for
both iPhone^® and Android^TM devices, including native iPad^® support with
autorotation^2. Blackberry functionally is also available with the
Last year, Vantiv launched its mobile deposit solution nationwide after a
successful pilot program with Town & Country Bank in Salem, Mo. Since then,
Vantiv has experienced sustained, month-over-month, double digit-growth in
debit card enrollments.
To learn more about Vantiv's custom branded mobile check deposit, visit
info.vantiv.com/mobilecheckdeposit_overview. For more information about
Vantiv, please visit vantiv.com or on Twitter, Facebook, LinkedIn and
^1 Bain Customer Loyalty in Retail Banking, December 2012
^2 iPad 2 or later
Director of Public Relations for Vantiv
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
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(ii) they are solely responsible for the content, accuracy and originality of
information contained therein.
Source: Vantiv, Inc. via Thomson Reuters ONE
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