Vantiv, Inc. : Vantiv Expands Prepaid Functionality and Distribution Channels
2013-02-27 23:52:26 -
Vantiv Expands Prepaid Functionality and Distribution Channels
Company Introduces New International, Bill Pay, Reload, Alert and Direct Deposit
Vantiv Expands Prepaid Distribution Through New Multi-Year Agreement with
Dittman Incentive Marketing
Company to Showcase its Prepaid Advancements at the 8(th) Annual Prepaid Expo
USA in Orlando, Fla.
Cincinnati - Feb. 27, 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 introduced new
functionality for its prepaid processing platform and has expanded its sales
channels for small to mid-sized business customers through a new distribution
partnership with Dittman Incentive Marketing.
"We continue to advance the capabilities of our prepaid programs to meet the
evolving needs of our customers," said Bill Weingart, chief product officer at
Vantiv. "Our new prepaid card capabilities provide even more functionality for
customers, including international usage, bill pay, real-time alerts, direct
deposit features, and the ability to reload them at thousands of Mastercard(®)
The new prepaid card capabilities complement an already robust Vantiv prepaid
platform, which launched in early 2011. Like all Vantiv card programs, Vantiv's
prepaid card products are safe and secure, utilizing comprehensive controls on
fraud monitoring, and full cardholder customer service support. Design features
and account activation are easily managed through Vantiv's secure management
portal and 24/7/365 bilingual call center.
In addition to the expanded platform, Vantiv has also partnered with Dittman
Incentive Marketing to help extend its sales and distribution of prepaid cards
in the small to mid-sized business-to-business segment.
"By aligning with Dittman, we are able to reach even more businesses seeking
prepaid solutions," said Weingart. "Dittman's focus on providing
incentives, recognition, and rewards programs that help companies motivate sales
people, employees, partners, and customers is a great way to use prepaid cards,
and Vantiv is excited about the value we can provide together."
Dittman is a leading provider of web-based Incentive, Recognition and Reward
programs that help companies increase loyalty and attract new business.
"Vantiv has quickly established itself in the prepaid segment," said Dave
Dittman, executive vice president at Dittman. "By combining Dittman's
proprietary web-based ordering platform with Vantiv's robust fulfillment
service, small and mid-sized business customers now have access to a first-class
Vantiv will be showcasing its comprehensive suite of prepaid solutions at booth
#106 at the 8(th) Annual Prepaid Expo USA in Orlando, Fla. from March
4-6, 2013. Ed Paciolla, vice president for prepaid products at Vantiv, will be a
key panelist at the GPR: Engage Customers for the Reloadable Long Haul -
Bubbling Opportunities for the Banks session on Tuesday, March 5(th) at 12:00 pm
ET. The session will occur in ballrooms Celebration 9 and 10. More details about
the Prepaid Expo USA can be found at iirusa.com/prepaid/welcome-page.xml.
For more information about Vantiv's prepaid programs, please visit
vantiv.com/Products/Prepaid or on Twitter, Facebook, LinkedIn, Google+, and
YouTube. To learn more about Dittman Incentive Marketing, please visit
Director of Public Relations for Vantiv
About Dittman Incentive Marketing
For more than 35 years, Dittman Incentive Marketing has been an award-winning,
quality leader in providing incentives, recognition, and rewards programs to
help companies realize immediate ROI in motivating sales people, employees,
channel partners, customers, and consumers. Dittman's signature products and
services include: TotalPRO® (Performance Recognition Online) - an incentive,
recognition and rewards online software solution (SaaS), and Deluxe Group
Incentive Travel. For more information, visit www.dittmanincentives.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
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Source: Vantiv, Inc. via Thomson Reuters ONE