Last week, Vantiv Inc. secured a significant card processing deal. And the payments industry barely noticed. It should have. Vantiv, based in Cincinnati, scored the processing business of Papa John’s International Inc., the fourth-largest pizza store chain in the nation. But Vantiv didn’t just secure the payments volume in its 3,300 stores.Read More
Post Tagged with: "Vantiv"
American Express today dispelled market rumors that it would expand its OptBlue program. The program, launched in May 2014, allows merchants who charge less than $1 million a year through American Express, to use one of 18 merchant processors to secure a lower discount rate. Market participants tell Bank InnovationRead More
If you invested in the S&P 500 at the start of 2015, by the end of trading today, you would have enjoyed a return of … 1.04%. Yeah, not impressive. But had you invested in the portfolio of fintech stocks Bank Innovation tracks, you would have scored a return of 39%. Yeah,Read More
Once again, Litle & Co. is the fastest payment processor in the world.
Litle & Co. is the world’s fastest payment processor — again. The Vantiv-owned company has topped the rankings every month of 2014, according to the GatewayIndex from Spreedly and Shopify. Litle processed transactions in 0.7 seconds on average in May. The slowest company tracked by the index for May was Melbourne-based Pin, which took anRead More
Which merchant processor puts through payments fastest? The winner last month was Litle & Co., the Vantiv company. Litle also was fastest in January 2014. Processing speed matters because it is a marker of investment and technical prowess on the part of the payment processor. Here are the 53 fastestRead More
Payments processor Square announced Friday that it will discontinue its monthly flat-rate pricing option in February 2014 and move all its customers to a 2.75%-per-swipe fee. This appears to be part of a strategy to bring larger merchants into the service. It’s actually 2.75% but less for higher volume merchants — more onRead More