Vantiv, Inc. (NYSE: VNTV), a leading provider of payment processing services and technology for merchants and financial institutions of all sizes, today announced it has achieved Oracle Validated Integration of the company’s eCommerce services with Oracle E-Business Suite 12.2.
To achieve Oracle Validated Integration, Oracle partners like Vantiv are required to meet a stringent set of requirements that are based on the needs and priorities of the customers.
According to Greg Worch, head of eCommerce at Vantiv, “Our integration with Oracle E-Business Suite makes it easy for the thousands of Oracle E-Business Suite customers to securely accept credit and debit card payments while protecting their brand. Benefits to customers include lower processing costs with a direct processor connection and no gateway fee, reduced PCI DSS scope, and support for business-to-business Level II and Level III card processing, which allows organizations to qualify for lower interchange rates.”
“Achieving Oracle Validated Integration provides our customers with assurance that the integration between Vantiv’s eCommerce services and Oracle e-Business Suite is functionally sound and performs as tested,” said David Hicks, vice president, Worldwide ISV, OEM, and Java Business Development at Oracle. “For solutions deployed on-premises, in the cloud, or both, Oracle Validated Integration applies a strict technical review and test process that helps to reduce deployment risk and improves the user experience of the partner’s integrated offering.”