Fifth Third Processing Solutions
38 Fountain Square Plaza, Cincinnati, OH, 45263, United States
Overview
Vantiv, LLC is one of the largest providers of payment strategies and technology solutions for financial institutions and businesses worldwide. Formed in 1971 and most recently known as Fifth Third Processing Solutions, LLC, the Company builds strategic partnerships with its customers, helping them become more efficient, more secure and more successful. Headquartered in Cincinnati, Ohio, Vantiv, LLC is a joint venture between Advent International and Fifth Third Bank, a subsidiary of Fifth Third Bancorp (FITB). Vantiv, LLC supports more than 400,000 merchant and financial institution locations and 12,000 ATMs in 46 states and 8 countries. The company processes more than 11.4 billion ATM and POS transactions and nearly $400 billion in debit and credit sales volume annually. Its subsidiary, NPC, is the largest provider of payment processing services exclusively focused on the small-to-medium merchant processing market. According to the Nilson Report (March 2011), the Company is the largest PIN Debit U.S. acquirer and third largest U.S. merchant transaction acquirer ranked by general purpose transaction volume. For more information, visit www.vantiv.com.
- Total investments
- 1
- Lead investments
- 0
- Investments · 12mo
- 0
- Active investors
- 0
Sector focus
- E-Commerce
- Financial Services
- Mobile Payments
Investment portfolio
- IP Commerce
Participated · Equity · Sep 2011
IP Commerce’s flagship product, Commerce Sync, automates and provides interoperability between front- and back-office systems to simplify accounting for small businesses. The solution integrates with leading accounting software including QuickBooks and Xero. Commerce Sync is distributed through payments and commerce partners such as First Data, Square, Stripe and NCR and serves thousands of SMBs. In 2015 the product relieved small businesses of more than 300,000 hours of manual data entry. The company will use proceeds from the financing to expand its team and enhance Commerce Sync’s functionality to better serve its rapidly growing small-business customer base. IP Commerce is headquartered in Denver, Colorado. IP Commerce provides a Platform-as-a-Service that modularizes commerce requirements into a software stack, handling payments technology, security, underwriting risk, network connectivity, and integration. The platform enables application developers and service providers to create intelligent multi-channel commerce applications and payment workflows for retailers. The company says it has averaged 20% monthly growth for the past two years and expected to exceed a $3 billion TPV run rate in 2011. IP Commerce maintains partnerships with major financial institutions and software companies and is backed by investors including Meritage Funds, Venrock, TTV Capital, Fifth Third Processing Solutions, and Iron Gate Capital. The company plans to use the new funding to further enhance the capabilities within the IP Commerce Platform and drive application developer adoption. The platform is marketed as an OS for commerce to support mobile, eCommerce, self-service (unattended), back-office, and multi-channel applications.
Team
No current team members are available.