Vantiv, Inc. announced today a strategic relationship with NCR Corporation, to bring mobile point-of-sale (POS) and payments solutions to the small business market.
Vantiv services nearly 400,000 merchant locations across the US and is the No. 1 PIN Debit processor and third largest overall acquirer in the United States by total number of transactions. Research by McKinsey and Company shows that up to 50 percent of the more than five million small-to-medium sized businesses in the US are considering moving to a tablet POS or mobile POS system.
The new relationship begins with the introduction of Vantiv Mobile Checkout powered by NCR Silver. The package includes all of the payment processing services, software and cloud-based back-office functions, and the necessary hardware peripherals.
“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, vice president and general manager 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.”
