Vantiv, Inc. : Unified Grocers Extends Strategic Processing Relationship with
Vantiv News Release
Unified Grocers Extends Strategic Processing Relationship with Vantiv
Multi-Year Agreement Extends Alliance with the Largest Retailer-owned
Wholesale Grocery Cooperative in the Western United States.
CINCINNATI - April 2, 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 Unified Grocers has
extended its strategic processing relationship with Vantiv with a new
multi-year agreement for credit, debit, gift and EBT card processing.
"Vantiv continues to provide superior service and reliability in meeting our
customers' and members' evolving payments needs," said Sue Klug, senior vice
president, chief marketing officer at Unified Grocers. "Vantiv not only does
this through its cost-effective payments solutions, but by continually
identifying ways for our independent retailers to optimize the payments
process at checkout."
Unified Grocers is the largest retailer-owned wholesale grocery cooperative in
the Western United States and provides independent retailers the resources
needed to compete in today's supermarket industry. Unified is committed to
providing superior products and services to its customers and members, as well
as broad opportunities for its supplier partners.
"We are proud to work with Unified Grocers," said Donald Boeding, president of
merchant services at Vantiv. "Vantiv has considerable expertise serving the
grocery industry, and our renewed business with Unified is a testament to our
consultative service approach focused on helping clients navigate the complex
payments landscape. We appreciate the opportunity to continue our work with
Vantiv's integrated processing platform and single point of service provide
Unified Grocers robust functionality for meeting their payments needs. 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 Unified Grocers and other large merchants.
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.
To learn more about Unified Grocers, please visit www.unifiedgrocers.com. For
more information about Vantiv, please visit vantiv.com or on Facebook,
Twitter, LinkedIn, Google+, and YouTube.
^1 By Revenue in 2011
^2 The Nilson Report - March 2013
Director of Public Relations for Vantiv
323.264.5200 ext 4150
About Unified Grocers, Inc.
Founded in 1922, Unified Grocers is a retailer-owned wholesale grocery
distributor that supplies independent retailers throughout the western United
States. Unified and its subsidiaries, which generated approximately $3.8
billion in sales during fiscal 2012, offer independent retailers all the
resources they need to compete in the supermarket industry.
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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information contained therein.
Source: Vantiv, Inc. via Thomson Reuters ONE
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