Vantiv, Inc.: Vantiv Expands Mobile Check Deposit Capabilities for Financial Institutions

 

 
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 Simplify Implementation

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 deposit1," 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 AndroidTM devices, including native iPad® support with autorotation2. Blackberry functionally is also available with the Jeanie-branded app.

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 Google+.  
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1 Bain Customer Loyalty in Retail Banking, December 2012
2 iPad 2 or later

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