Capital One Bank today announced a long-term agreement with Vantiv, Inc. (NYSE: VNTV), a leading provider of payment processing services and related technology solutions for merchants and financial institutions of all sizes, to provide its full suite of payment solutions to the bank’s new and existing Merchant Services customers located throughout the United States.
“Capital One is committed to providing the most innovative technologies to our business customers,” said Colleen Taylor, executive vice president, head of Treasury Management and Enterprise Payments, Capital One Bank. “By partnering with Vantiv, our clients will now benefit from Vantiv’s industry-leading payment tools and services, which are designed to help them focus on what they do best - running and growing their businesses.”
Capital One Bank’s Merchant Services program delivers solutions that enable long-term business sustainability and growth. Through this new relationship with Vantiv, Capital One’s Merchant Services customers will benefit from industry leading payment solutions and services, as well as advanced security products and reporting tools, while maintaining access to Capital One’s treasury management and merchant ACH transaction services.
“Our new partnership with Capital One expands upon our long relationship of serving their banking customers with debit, ATM services and merchant processing,” said Stephanie Ferris, senior vice president and general manager, Vantiv. “Vantiv has been processing payments for more than forty years, and we look forward to a seamless transition for Capital One’s customers, as we become the provider of next generation payment solutions for their merchant services clients.”