US-based credit card processor Vantiv has been selected by Financial Technology Solutions International (FTSI) to offer its services, including debit, credit and ATM processing, to the latter's 150 financial institution partners across the US.
FTSI delivers a complete range of branch solutions such as hardware, software, cash services, first-and second-line maintenance, security solutions and a host of consultative services.
As per terms of the agreement, FTSI will also offer Vantiv’s fraud protection and other services, including mobile banking technology to its current and prospective financial institution partners.
FTSI CEO Susan Napier said: “We chose Vantiv because they are a clear leader in the payments industry with 45 years of experience and expertise. Vantiv focuses solely on payments and offers best-in-class solutions that will help our financial institution clients to combat fraud and grow their portfolios."
Vantiv senior vice president and general manager of financial institution services Bill Hampton said: “FTSI partners will now be able to tap into Vantiv's strategy for optimizing card revenue through mobile payments, advisory services and in-depth analytics.
“We look forward to partnering with these banks and credit unions to provide deeper insights and intelligence into the dynamics of their customers' and members' payment activity."