Vantiv turns its sights on small businesses

CINCINNATI — Vantiv is teaming up with NCR Corporation to offer small businesses innovative point-of-sale technology integrated with leading payments solutions.

Under the multi-year agreement, the companies will focus on developing exclusive solutions and expanding their innovative technology platforms to deliver personalized customer experiences that help smaller merchants compete more effectively against larger competitors.

To kick off the agreement, the companies have launched Vantiv Mobile Checkout powered by NCR Silver, which allows single shop and small chain owners the ability to efficiently manage their sales, inventory, marketing and customers. The solutions package includes all of the payment processing services, software and cloud-based back-office functions, and the necessary hardware peripherals that transform a business’ iPad into a turnkey mobile POS system.

“At Vantiv, we’ve been working to leverage the power and efficiency of our single-integrated processing platform to provide greater value to small and medium-sized businesses,” said Donald Boeding, president of merchant services at Vantiv. “Now with this new relationship, we will be able to quickly offer more small merchants powerful POS technology that balances affordability with critical functionality and mobility. Vantiv Mobile Checkout powered by NCR Silver is our first, joint effort as part of this new relationship.”

“Small and medium-sized merchants have to compete in an omni-channel world and face many of the same challenges as our larger customers,” said Christian Nahas, VP and GM of the NCR small and medium business team. “Our relationship with Vantiv is focused on ensuring that all merchants have access to the best technology at affordable prices in order to help differentiate themselves, connect with their customers and thrive.”

Vantiv is a leading provider of payment processing services and related technology solutions for merchants and financial institutions. It serves more than 1,300 financial institutions and nearly 400,000 merchant locations across the United States.

NCR Corporation is a global provider of consumer transaction technologies. With its software, hardware and portfolio of services, NCR enables more than 300 million transactions daily across the retail, financial, travel, hospitality, telecom and technology industries.