Vantiv and NCR to Bring Powerful Mobile Point-of-Sale Solutions to Small Businesses
Vantiv’s Broad Distribution Channels and NCR’s Innovative Technology Enables New Reach to the Five Million Merchant Addressable Market
Relationship Offers a Powerful Mobile Checkout Platform at New Level of Affordability
CINCINNATI, May 15, 2013 – Vantiv, Inc. (NYSE: VNTV) announced today a strategic relationship with NCR Corporation (NYSE: NCR), to bring innovative point-of-sale (POS) technology integrated with leading payments solutions to the small business market. The multi-year agreement will focus on developing exclusive new solutions and expanding both companies’ innovative technology platforms to deliver personalized customer experiences that help smaller merchants compete more effectively against larger competitors.
The new relationship begins with today’s introduction of Vantiv Mobile Checkout powered by NCR Silver. This easy-to-implement product provides single shop and small chain owners a complete solution that makes managing their sales, inventory, marketing and customers easier, everyday. The package(1) includes all of the payment processing services, software and cloud-based back-office functions, and the necessary hardware peripherals that transform a business’ own iPad® into a turnkey mobile POS system. Moreover, Vantiv is offering this full solution at an incredibly affordable introductory price.
“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.”
Research by McKinsey and Company shows that up to 50 percent(2) of small and medium-sized businesses are considering moving to a tablet POS or mobile POS system. With more than five million(3) small-to-medium sized businesses in the United States, the strategic relationship between Vantiv and NCR provides expanded reach and distribution capabilities that capitalize on this trend.
“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.”
Vantiv services nearly 400,000 merchant locations across the country and is the No. 1 PIN Debit processor and third largest overall acquirer in the United States by total number of transactions.(4)
To learn more about Vantiv Mobile Checkout, please visit www.vantiv.com/checkout. For more information about NCR Corporation or Vantiv, Inc., please visit their websites at ncr.com or vantiv.com. Information on Vantiv can also be found on Twitter, Facebook, LinkedIn, Google+ and YouTube.
1 The package includes the Receipt Printer for Vantiv Mobile Checkout, the Credit Card reader, the Cash Drawer, and the Swivel Stand for iPad. Apple devices are sold separately.
2 McKinsey Small Business Panel, June 2012
3 U.S. Census Data
4 The Nilson Report, March 2013
About NCR Corporation
NCR Corporation (NYSE: NCR) is the global leader in consumer transaction technologies, turning everyday interactions with businesses into exceptional experiences. With its software, hardware, and portfolio of services, NCR enables more than 300 million transactions daily across the retail, financial, travel, hospitality, telecom and technology industries. NCR solutions run the everyday transactions that make your life easier.
NCR is headquartered in Duluth, Georgia with over 26,000 employees and does business in 180 countries. NCR is a trademark of NCR Corporation in the United States and other countries.
iPad is a trademark of Apple Inc., registered in the U.S. and other countries.
About Vantiv, Inc.
Vantiv, Inc. (NYSE: VNTV) is a leading, integrated payment processor differentiated by a single, proprietary technology platform. Vantiv offers a comprehensive suite of traditional and innovative payment processing and technology solutions to merchants and financial institutions of all sizes in the U.S., 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 third 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 payment segments, such as ecommerce, payment facilitation (PayFacTM), mobile, prepaid and information solutions, and attractive industry verticals, such as petroleum, business-to-business, government, healthcare, gaming and education. For more information, visit www.vantiv.com.
© Copyright Vantiv, LLC. All rights reserved. Vantiv, the Vantiv logo, and all other Vantiv product or service names and logos are registered trademarks or trademarks of Vantiv, LLC in the USA and other countries. ® indicates USA registration.
NCR Corporation (NYSE: NCR) is a leader in transforming, connecting, and running technology platforms for self-directed banking, stores, and restaurants. NCR is headquartered in Atlanta, Georgia, with 35,000 employees globally. NCR is a trademark of NCR Corporation in the United States and other countries.
NCR VOYIX Corporation (NYSE: VYX) is a leading global provider of digital commerce solutions for the retail, restaurant and digital banking industries. NCR VOYIX transforms retail stores, restaurant systems and digital banking experiences with comprehensive, platform-led SaaS and services capabilities. NCR VOYIX is headquartered in Atlanta, Georgia, with approximately 16,000 employees in 35 countries across the globe.
This release contains forward-looking statements. Forward-looking statements use words such as “expect,” “anticipate,” “outlook,” “intend,” “plan,” “confident,” “believe,” “will,” “should,” “would,” “potential,” “positioning,” “proposed,” “planned,” “objective,” “likely,” “could,” “may,” and words of similar meaning, as well as other words or expressions referencing future events, conditions or circumstances. Statements that describe or relate to NCR’s or NCR VOYIX’s plans, goals, intentions, strategies, financial outlook, NCR’s or NCR VOYIX’s expectations regarding the Spin-Off, NCR’s or NCR VOYIX’s intention to consummate the offering and issue the Notes or the intended use of proceeds from the offering of the Notes and enter into the new senior secured credit facilities, and statements that do not relate to historical or current fact, are examples of forward-looking statements. Forward-looking statements are based on our current beliefs, expectations and assumptions, which may not prove to be accurate, and involve a number of known and unknown risks and uncertainties, many of which are out of the NCR’s and NCR VOYIX’s control. Forward-looking statements are not guarantees of future performance, and there are a number of important factors that could cause actual outcomes and results to differ materially from the results contemplated by such forward-looking statements. Additional information concerning these and other factors can be found in NCR and NCR VOYIX’s filings with the U.S. Securities and Exchange Commission, including NCR’s most recent annual report on Form 10-K, most recent quarterly report on Form 10-Q and current reports on Form 8-K and NCR VOYIX’s registration statement on Form 10, most recent quarterly report on Form 10-Q and current reports on Form 8-K. Any forward-looking statement speaks only as of the date on which it is made. Neither NCR nor NCR VOYIX undertake any obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Michael Nelson
NCR Corporation
678-808-6995
michael.nelson@ncr.com
Scott Sykes
NCR Corporation
scott.sykes@ncr.com