Vantiv, Inc. (NYSE: VNTV), a leading provider of payment processing services and related technology solutions for merchants and financial institutions of all sizes, announced today that Anheuser-Busch Employees' Credit Union (ABECU) has selected Vantiv for debit and credit processing services under a multi-year agreement.
With more than $1.4 billion in assets, ABECU is a full-service financial institution offering a wide variety of products and services to its members nationwide and around the world both online and at its 27 U.S. locations.
"Our members expect the latest debit and credit products, and Vantiv helps us meet that need," said Ron Kampwerth, senior vice president at Anheuser-Busch Employees' Credit Union. "Not only does Vantiv make it easier to issue the latest cards and programs, but it does so with a single point of customer service. This superior level of support allows us to focus on deepening relationships with our members."
Vantiv takes the complexity out of debit and credit card issuing through its easy to implement technology and account management tools so that financial institutions can focus on expanding customer relationships and the growth of their portfolios. Vantiv also helps maximize cardholder touch points with its state-of-the-art mobile and online account access, and customized cards. The company's 24-hour contact center provides around the clock support for cardholders who have questions or need assistance.
"Vantiv is proud to work with one of the leading credit unions in the United States," said Royal Cole, president, financial institution services at Vantiv. "Anheuser-Busch Employees' Credit Union is focused on helping their members achieve financial success, and we are pleased to be part of this effort. Our consultative service approach helps financial institutions like ABECU to navigate the evolving payments landscape and to capitalize on emerging trends."