Vantiv Signs Bank of Commerce

CINCINNATI, June 23, 2011 /PRNewswire/ -- Vantiv is pleased to announce that Wyoming-based Bank of Commerce (BOC) has signed a contract with the company for comprehensive electronic transaction processing services. With more than $100 million in assets and three ATMs, the Bank is known as "Carbon County's Only Home-Owned Bank."

Vantiv will provide single-sourced services that include Debit Portfolio Management, Prewards, debit processing and ATM driving. Prewards is a unique merchant funded rewards program which customers will find very beneficial.  It is a simple, easy way for customers to be rewarded automatically through the use of their BOC Debit Card.

"Our relationship with Vantiv enables us to deliver the best, most convenient banking experience possible to our customers," commented Ruby Ogden, Senior Vice President, Bank of Commerce. "Vantiv continues to provide their processing partners new and creative ways that we can grow our customer relationships and further complement our financial service solutions."

Dave Johnson, Executive Director of the Wyoming Bankers Association (WBA) added, "The WBA constantly monitors the banking scene, watchful for new ideas and approaches to help our financial institution members respond to an ever-changing environment.  Vantiv, as a preferred provider for the Association, is proactively engaged in delivering leading edge solutions that benefit our financial institution members."

Vantiv's product suite also includes ATM terminal driving and monitoring, ATM and debit card transaction authorization and processing, credit issuing and processing services, national and regional gateway services and comprehensive ancillary services, including fraud detection, card production, rewards programs and other consultative services.

"We are pleased that Bank of Commerce has become one of our valued processing partners and are excited to help them grow their business," said Royal Cole, President, Financial Institution Services, at Vantiv.  

Bank of Commerce continues to be led by its original president.  Additionally, all six directors on the Board of Directors are local residents.  Bank customers enjoy full service banking in a family atmosphere served by mostly long-term employees of the Bank.  To learn more visit www.bocrawlins.com.

About Wyoming Bankers Association

The Wyoming Bankers Association (WBA) is the professional and trade association for Wyoming's commercial and savings banks. Established in 1908, the Wyoming Bankers Association serves, represents and advocates the interests of its members, enhancing their ability to be preeminent providers of financial services. The Bank/Savings Bank Membership in the Wyoming Bankers Association consists of 99% of the banks/savings banks in the State of Wyoming.

About Vantiv

Vantiv, LLC is one of the largest providers of payment strategies and technology solutions for financial institutions and businesses worldwide. Formed in 1971 and most recently known as Fifth Third Processing Solutions, LLC, the Company builds strategic partnerships with its customers, helping them become more efficient, more secure and more successful.  Headquartered in Cincinnati, Ohio, Vantiv, LLC is a joint venture between Advent International and Fifth Third Bank, a subsidiary of Fifth Third Bancorp (FITB).

Vantiv, LLC supports more than 400,000 merchant and financial institution locations and 12,000 ATMs in 46 states and 8 countries. The company processes more than 11.4 billion ATM and POS transactions and nearly $400 billion in debit and credit sales volume annually.  Its subsidiary, NPC, is the largest provider of payment processing services exclusively focused on the small-to-medium merchant processing market. According to the Nilson Report (March 2011), the Company is the largest PIN Debit U.S. acquirer and third largest U.S. merchant transaction acquirer ranked by general purpose transaction volume. For more information, visit www.vantiv.com.

CONTACT:
Lynn M. Rhoads,
Senior Vice President
Communications Director
513.900.4942
[email protected]

SOURCE Vantiv