July 22, 2016
Vantiv Inc., a provider of payment processing services and solutions, has been chosen by the California Bankers Association as its sole endorsed EFT processing partner. The CBA is one of the largest state banking trade associations in the United States.
Vantiv will offer CBA banks a suite of payment processing solutions that includes discounted ATM, credit and debit rates. Member banks also will have access to MobiMoney, a mobile app from Vantiv.
MobiMoney allows cardholders to turn cards on and off and receive instant mobile alerts for card activity. They can also restrict card use based on personal preferences such as geographic location, type of merchant, type of transaction and threshold amount.
"We selected Vantiv for our Endorsed Partner Program because of the scale and scope of its payment processing capabilities and proven track record of innovation," said Julianna Graham, senior vice president of strategic partners at the CBA. "We also received such positive feedback from referrals and users of the product in our due diligence review that it became an easy choice."