Vantiv is first US acquirer to meet MasterCard EMV requirements

vantiv

Meeting MasterCard EMV requirements

Vantiv, Inc.  has announced that it was the first U.S. acquirer to complete MasterCard’s testing requirements to process EMV transactions for MasterCard, Maestro and Cirrus brands at both ATM and at the point-of-sale locations.

Vantiv’s network drives nearly 13,000 ATMs for financial institutions across the United States, many of whom operate mixed-vendor fleets comprised of ATMs from NCR and other manufacturers. 

“We are proud to be the first U.S. acquirer to meet MasterCard’s EMV requirements for these two key processing channels,” said Carlos Lima, chief operating officer at Vantiv. “These efforts are a testament to our strengths in quickly implementing new payment technologies and compliance standards for our clients, which helps them stay ahead of the curve during industry transitions such as the EMV migration.”

Along with meeting MasterCard’s EMV processing requirements, Vantiv has also been certified to process EMV transactions on the NCR APTRA(TM) Edge ATM software platform.

Beginning in late April, Vantiv will deploy its EMV processing solution at People’s United Bank. At that time, cardholders in the Greater New York Area will be able to conduct EMV transactions at selected ATMs operated by the bank.  People’s United Bank will be the first Vantiv client to provide EMV acceptance for their cardholders.

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