CINCINNATI, April 21, 2017 /PRNewswire/ -- Vantiv,Inc. (NYSE: VNTV), a leading provider of payment processing and related technology solutions for financial institutions and merchants, announced today a new partnership with the Colorado-based On Tap Credit Union™, (formerly Coors Credit Union), for ATM, Debit and Credit Card payments processing. Along with card payments, Vantiv will also provide its leading fraud solutions, card marketing and loyalty services to On Tap and its members. The partnership is expected to go live in September 2017.
On Tap Credit Union, a $235 million financial cooperative launched its new brand in January with an aim to become the beer enthusiasts' credit union of choice in Colorado. On Tap has a 63-year history working with current and former MillerCoors, Molson Coors and CoorsTek employees, and is dedicated to quality, attention to detail, and commitment to the community. Now the credit union has expanded its membership base and with this new partnership, Vantiv will provide industry-leading services to these members and others along the front range of Colorado.
"Vantiv's superior technology, access to data insights and best-in-class marketing, along with a proven track record of growth has made the partnership an easy decision," said Tracie Wilcox president and chief executive officer of On Tap Credit Union. "We are expanding our market reach, improving convenience, and bringing much-needed fraud and security services to our community. We believe we have found a partner who both understands and embraces our goals."
Members of On Tap Credit Union will now be able to use Vantiv's world-class services to customize their payment cards to their individual spending habits and provide real-time alerts for transactions. In addition, Vantiv will provide unmatched card marketing support, regular risk management guidance and data training to the On Tap team to give them deeper insights into the payment ecosystem and their overall card portfolio.
"With this new partnership, On Tap will be able to market to new segments of the community and offer secure processing, fraud controls and new innovative card processing capabilities," said Bill Hampton, senior vice president and general manager of Financial Institution Services at Vantiv. "On Tap is recognized for providing customized financial solutions to its members, and our services and solutions will take that effort even further."
Vantiv works with more than 700 credit unions of all sizes as part of its financial institutions business, focusing on enhancing security, technology, and the member experience. To learn more, please visit www.Vantiv.com/financialinstitutions.
ABOUT ON TAP CREDIT UNION
Formerly Coors Credit Union, On Tap Credit Union is a full-service cooperative financial institution serving people living and working in Jefferson, Denver, Boulder and Larimer counties. Founded in 1954, the credit union has $235 million in assets and more than 20,000 members, who are also owners of the organization. On Tap Credit Union provides personal consultation and financial products including vehicle, mortgage and home equity loans, credit cards, insurance, savings and investment products, and financial guidance, as well as business services including commercial lending. For more information, please visit www.OnTapCU.org.
Vantiv, Inc. (NYSE: VNTV) is a leading payment processor differentiated by an integrated technology platform. Vantiv offers a comprehensive suite of traditional and innovative payment processing and technology solutions to merchants and financial institutions of all sizes, 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 now the largest merchant acquirer and PIN debit acquirer based on number of transactions in the U.S. The company's growth strategy includes expanding further into high-growth channels and verticals, including integrated payments, eCommerce, and merchant bank. Visit us at www.vantiv.com, or follow us on Twitter, Facebook, LinkedIn, Google+ and YouTube.
© 2017 Vantiv, LLC. All Rights Reserved. All trademarks, service marks and trade names referenced herein are the property of their respective owners. Vantiv and other Vantiv products and services mentioned herein as well as their respective logos are registered trademarks or trademarks of Vantiv, LLC in the U.S. and other countries.
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SOURCE Vantiv, Inc.