More and more, U.S. financial institutions are bearing the brunt of cybercriminals’ efforts to violate consumers’ financial data. In a space with as many moving parts as a Swiss watch, Vantiv’s latest work sets out an actionable list of security priorities, and identifies options for helping to take some of the guesswork out of fraud.
Click here to access Vantiv’s latest white paper.
About Vantiv
Vantiv has been providing innovative payment processing solutions for over 40 years. The secret to our longevity? Understanding our customers’ needs and challenges, and providing great service and cutting-edge technology to make their businesses more convenient and successful. We’re proud or our heritage.
Following are a few highlights from our past 40 years:
1970 to 1990:
- Developed offline ATM Network.
- Fifth Third Bank forms Midwest Payments Systems (MPS) to provide Electronic Funds Transfer (EFT) services to financial institutions.
- Launched the Jeanie® network – the first online shared ATM network in the United States.
- Bankcard processing volume hits $1 billion.
1990s:
- MPS processing volume grows to $2 billion while bank market share was less than 1% and Fifth Third ranked 25th in the nation.
- MPS expands to offer Merchant Services.
- Signed country’s largest grocery store chain as a merchant processing customer.
- Signed the country’s largest retail store chain as a merchant processing customer.
- Introduced online chargeback imaging and scanning process.
2000 to 2005:
- Integrated Delivery Technologies, Inc. (IDTI) and Cartel Network acquired.
- ACI Merchant Services acquired. Bankcard volume $46 billion – ranked 7th in the nation.
- MPS driving over 8,000 ATMs and is processing for over 80,000 merchant locations.
- Premier IssueSM Gift Card program launched.
- Name changes from Midwest Payment Systems to Fifth Third Processing Solutions, reflecting growing national presence and capabilities.
- Fifth Third Processing Solutions processing for over 120,000 merchant locations, driving ATMs in France, Germany, Iceland, Great Britain, United States, Netherlands, Cuba, Honduras, Indonesia, Italy, Japan, Korea, Russia, and Taiwan.
2006 to 2010:
- Purchased Card Management Corporation (CMC) headquartered in Evansville, IN.
- Stored Value Card platform expanded to include health savings accounts, disposable gift cards, and reloadable card programs.
- Now processing 11.2 billion transactions annually with a network transaction response time of .59 seconds.
- Acquired TNB Card Services based in Dallas, TX; acquired National Processing Company (NPC) based in Louisville, KY; acquired certain assets of Springbok Services, Inc. Prepaid Platform based in Englewood, CO.
2011:
- Fifth Third Processing Solutions becomes Vantiv, adopting new branding on June 15, 2011 Vantiv relocates from the Fifth Third Center in downtown Cincinnati to a free-standing headquarters in Symmes Township (north Cincinnati).
- In November 2011, Vantiv filed paperwork with the SEC in preparation for an initial public offering.
2012:
- Vantiv, Inc. became a publicly-traded company on March 22, 2012, listed on the NYSE under the ticker symbol “VNTV”.
