Vantiv was founded in 1971 as a division of Fifth Third Bank under the name Midwest Payment Systems (MPS). MPS was created to provide electronic fund transfer services to financial institutions.
The division grew by acquiring processing services companies such as TNB Card Services in 2010.
Midwest Payment Systems changed its name to Fifth Third Processing Solutions in 2009 and Vantiv in 2011.
Today Vantiv processes payments between customers and their banks. Clients are as diverse as grocers, top retail chains, and small to midsize credit unions and banks.
Vantiv trades publicly on the New York Stock Exchange under the ticker symbol VNTV, is #942 in the Fortune 1000, has 3,300 employees, and had $2.75 billion in revenue in 2014.
VantivVantiv was founded in 1971 as a division of Fifth Third Bank under the name Midwest Payment Systems (MPS). MPS was created to provide electronic fund transfer services to financial institutions.
The division grew by acquiring processing services companies such as TNB Card Services in 2010.
Midwest Payment Systems changed its name to Fifth Third Processing Solutions in 2009 and Vantiv in 2011.
History
Today Vantiv processes payments between customers and their banks. Clients are as diverse as grocers, top retail chains, and small to midsize credit unions and banks.
Vantiv trades publicly on the New York Stock Exchange under the ticker symbol VNTV, is #942 in the Fortune 1000, has 3,300 employees, and had $2.75 billion in revenue in 2014.
