AT&T and Vantiv, Inc., a provider of payment processing services and related technology solutions, have announced the availability of new payment products that deliver highly secure, integrated and speedy on-the-spot mobile transactions to businesses of all sizes.
Mobile payments represent a market opportunity with significant upside as businesses implement new, more integrated ways to manage their operations and sell to customers. In fact, Forrester Research projects that U.S. mobile payments will reach $90 billion in 2017, representing a 48 percent compound annual growth rate from the $12.8 billion spent in 2012.
The new solution supports key emerging sales and payment trends that include:
- Field service providers such as plumbers and heating and cooling technicians accepting card payments at customer homes, instead of calling in payments over the phone or mailing bills later.
- Restaurant owners offering a tablet-based, table-side payment option during their busy hours to speed table turnover.
- Retailers capturing and processing customers’ email addresses upon payment and running email marketing campaigns to achieve increased customer traffic.
“Mobile devices and platforms continue to revolutionize the business of selling,” said Mike Troiano, Vice President, Advance Mobility Solutions, AT&T Business Solutions. “Vantiv mobile payment solutions from AT&T can empower businesses of all sizes to seize the mobility opportunity. This is the latest example of AT&T’s commitment to deliver the most advanced mobile ecosystem in the industry for our customers.”
With the nation’s most reliable 4G LTE networkand a nationwide sales force serving more than 3 million U.S. business customers, AT&T can help businesses adopt the tools necessary to facilitate mobile payments through its vast retail, sales and support network.
“Working with AT&T is a perfect way to offer businesses a one-stop-shop for integrated mobile products,” said Elizabeth Rector, Senior Vice President and General Manager for eCommerce and Mobile at Vantiv. “AT&T’s sales force and its retail locations create a powerful new distribution channel for Vantiv’s mobile products to reach the millions of businesses who need this important functionality. Together with AT&T, we can help businesses stay ahead of the technology curve, be more efficient and effective and operate their companies anytime, and nearly anywhere.’
