Revention Partners with Vantiv Inc. for EMV Solution
Vantiv’s payment platform provides point to point encryption of credit card data
December 8, 2015- Revention, a leader in providing custom point of sale solutions to the hospitality industry, partners with Vantiv, Inc. (NYSE: VNTV) to provide a secure EMV payment solution. Vantiv, Inc. is a leading provider of payment processing services and related technology solutions for merchants. Vantiv’s payment platform provides point to point encryption (P2PE) of credit card data, which greatly reduces the PCI compliancy requirements of merchants.
“Vantiv’s dedication to advancing technology and customer service were the primary factors behind Revention’s decision to enter into the partnership,” states Laura J. Gaudin, Director of Product Management, Revention. “A transition to a new payment solution does not come without challenges; from merchant education on new emerging payment options to software development, Vantiv has been a true partner throughout the entire process.”
The secure EMV payment solution also provides the merchants with the ability to process NFC contactless payments such as Apple Pay and Android Pay (formerly known as Google Wallet), as well as PIN debit cards.
“Since the EMV liability shift in October, the adoption rate of Revention’s new payment processing solution has been gaining momentum”, states Jesse Mund, Director of Sales, Revention. “We expect that by the end of Q1 2016, our customers will consider the EMV payment solution as a standard in point of sale functionality.”
“We are excited to partner with Revention as they serve both full service and quick serve restaurants with a very innovative approach. They have a common view of the open ecosystem and have a passion for delivering secure payment technologies to SMB’s. Their adoption of Vantiv’s integrated technology and model will significantly benefit their clients,” said Matt Downs, Senior Vice President of Vantiv Integrated Payments.
Revention is the leading developer of complete, customizable restaurant and entertainment management solutions designed to streamline the way hospitality concepts do business. Revention’s offerings include point of sale solutions, HungerRush™ integrated online ordering, and Revention Enterprise. Revention provides a complete solution that includes customized installation, training, technical support and much more. For additional information, go to www.revention.com
About Vantiv, Inc.
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 the second 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 channels and verticals, including integrated payments, ecommerce, and merchant bank.