Vantiv, a payment processing services and related technology provider, has entered into a multi-year agreement with Empower Federal Credit Union (FCU) to offer consolidated payment solutions, including merchant services and consumer card issuing products.
As part of the agreement, Vantiv will provide Empower FCU members with a range of payment solutions and services, including debit card and credit card processing.
These payment solutions will be offered with Vantiv Analytics, Europay/Mastercard/Visa (EMV or chip) card reissue, Apple Pay and MasterPass mobile solutions, prepaid cards, merchant services and rewards processing.
Additionally, Vantiv will provide a turnkey, integrated processing solution to Empower FCU to assist its commercial customers meet their business goals.
Empower FCU CEO John Wakefield said: "By consolidating merchant services and card issuing, Vantiv’s technology is a huge differentiator in this industry for a larger credit union because they understand both sides of the transaction."