Empower Federal Credit Union achieves consolidated payment processing with Vantiv, Inc.
ARLINGTON, VA (April 27, 2015) — Empower Federal Credit Union (FCU), a full-service financial institution with more than $1.3 billion in assets, has signed a multi-year agreement with Vantiv, Inc., a NAFCU Services Preferred Partner, to offer a complete suite of payment processing solutions and related services for new and existing members.
“In addition to our own analysis, what really helped in our decision process was the knowledge that Vantiv was selected for the NAFCU Services Preferred Partner program,” said John D. Wakefield, President/CEO, Empower Federal Credit Union. “We knew that NAFCU had already completed an extensive evaluation process to approve Vantiv as an outstanding provider of products and services to the credit union community.”
This payment processing agreement includes debit and credit card processing, Vantiv Analytics, EMV or chip card reissue, Apple Pay and MasterPass mobile solutions, prepaid cards, merchant services, and rewards processing. Credit unions, like Empower FCU, gain expanded levels of data access and 24/7 support with Vantiv’s integrated solution. Vantiv’s technology goes further by providing credit unions of all sizes with vital analytics of transactional data to improve member service, enhance operations, and strengthen their competitive advantage.
“We are thrilled that Empower FCU has teamed with Vantiv, our Preferred Partner for debit and credit card processing, to achieve their goals of consolidating payment processing and realizing new levels of data access and utilization,” said Randy Salser, President, NAFCU Services Corporation.
To learn more about Vantiv’s integrated payment solutions for credit unions, please visit http://www.nafcu.org/vantiv/. For more information about Vantiv’s merchant services for financial institutions, visit www.vantiv.com/Products/Merchant-Services-for-Financial-Institutions.
About Empower Federal Credit Union
Empower Federal Credit Union is a full-service financial institution that provides savings, loan, and transaction services to members in Central New York. As a credit union, Empower is a financial cooperative and is not-for-profit. Locations and other information can be found at www.empowerfcu.com.
About Vantiv, Inc.
Vantiv, Inc. (NYSE: VNTV) is a leading payment processor differentiated by an integrated technology platform. Vantiv offers a comprehensive suite of traditional and innovative payment processing and technology solutions to merchants and financial institutions of all sizes, enabling them to address their payment processing needs through a single provider. For more information, visit www.vantiv.com.
About NAFCU Services Corporation
NAFCU Services Corporation is a wholly-owned subsidiary of the National Association of Federal Credit Unions (NAFCU). For 40 years, NAFCU Services has partnered with the industry’s leading providers to offer superior solutions to credit unions. With the NAFCU Services Preferred Partner Seal, we designate only those suppliers who are truly committed to credit unions, and who have undergone a rigorous evaluation process. For more information, visit www.nafcu.org/nafcuservices.