More than 100 banks in the state belong to CBA, which is considered one of the largest state banking trade associations and is a long-standing partner of Finovate. CBA member banks have access to Vantiv’s payment processing solutions for credit and debit card payments, as well as ATMs. The banks can also take advantage of Vantiv’s MobiMoney mobile app that promotes safe spending habits among cardholders by allowing them to turn cards on and off, sending them alerts, and enabling them to set parameters around geographic location, merchant type, and transaction amount.
Julianna Graham, SVP of strategic partners at the CBA said that CBA selected Vantiv because of the “scale and scope” of its services, as well as its “proven track record of innovation.”
At FinovateFall 2014 Vantiv launched TriPOS, a payment integration platform solution that is compatible with multiple hardware devices and connects to all authorization providers. In May, Vantiv won the awards for Best Processor, Judge’s Choice, and Consumer Choice in the 2016 CNP Awards. Vantiv, which went public in 2012, will announce its second quarter 2016 financial results on July 28.