CINCINNATI, Nov. 15, 2016 /PRNewswire/ -- 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 Forrester Research, Inc., a prominent independent research and advisory firm, named Vantiv as a Leader in the Forrester WaveTM: Global Commerce Payment Providers, Q4 2016 report.
"Vantiv balances superior support, product and developer capabilities for U.S. retailers," Forrester wrote in the report.
"Not only is it the second-largest payment acquirer in the U.S., but several clients commented on its excellent support and expertise compared to their previous solution providers. The company really shines when it comes to ease of integration and debit-routing capabilities due to its Vantiv Prime product and reporting solution, Vantiv IQ," according to the Forrester report.
Forrester used a 23-criteria evaluation to identify, analyze and score the 11 most significant U.S. merchant payment processing providers. It also used a combination of three data sources to assess the strengths and weaknesses of each solution: vendor surveys, product demonstrations and customer reference calls.
"We believe our ranking as a Leader in the Forrester Wave for payment processing is a validation of our strong commitment to product capability, developer focus and high levels of customer service," said Mark Heimbouch, chief operating officer at Vantiv. "Vantiv's strategy of providing a platform offering comprehensive omnichannel solutions, which is easy to integrate with, is clearly resonating in the marketplace, and now referenced in the Forrester report."
Forrester scored Vantiv the highest available score of 5.0 in the following criteria: Developer Integrations and Technology Partners.
Vantiv is highly focused on simplifying payments innovation for businesses, financial institutions and developers. The Vantiv One Network Experience (Vantiv O.N.E) provides software developers an easy, best-in-class destination for integrating payments into their applications for mobile, in-store and online processing. It provides a single destination for key integration tools, personalized payments expertise and a unique community of developers helping developers.
Vantiv, Inc. (NYSE: VNTV) is a leading payment processor differentiated by an integrated technology platform. Vantiv offers a comprehensive suite of traditional and innovative payment processing and technology solutions to merchants and financial institutions of all sizes, 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 second 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 channels and verticals, including integrated payments, eCommerce, and merchant bank. Visit us at the new www.vantiv.com, or follow us on Twitter, Facebook, LinkedIn, Google+ and YouTube.