News | July 22, 2013

Dillard's Renews Processing Relationship With Vantiv

Multi-Year Extension with One of the Nation's Largest Fashion Apparel & Home Furnishing Retailers Includes Credit, Pin Debit, eCommerce and Pay in Your Currency Processing
Vantiv, Inc., a leading provider of payment processing services and related technology solutions for merchants and financial institutions of all sizes, announced today that Dillard's, Inc. has extended its processing relationship with Vantiv with a new multi-year agreement for credit, PIN debit, eCommerce and Pay In Your Currency processing for 283 Dillard's locations, 18 clearance centers, and at Dillards.com.  Dillard's is one of the nation's largest fashion apparel and home furnishing retailers that focuses on delivering fashion and value to its shoppers complemented by exceptional customer care.

"We are proud to work with one of the largest apparel and home furnishing retailers in the United States," said Donald Boeding, president of merchant services at Vantiv. "The extension of our relationship with Dillard's highlights Vantiv's commient to strong customer service and to providing a secure and reliable payment experience for consumers across payment channels."

Vantiv's consultative approach to client service and its value added processing solutions provide Dillard's customized services that seamlessly support their point-of-sale and eCommerce processes and infrastructure.  Utilizing the Vantiv platform, Dillard's is able to process payments securely, quickly and efficiently, while letting customers pay with the credit or debit card of their choice both in store and online.

The comprehensive suite of payment solutions offered by Vantiv represents its continued invesents in its core processing platform, emerging technologies and strong execution capabilities, which expand choice and acceptance options for customers of Dillard's and other large retailers.

Vantiv processes for 8 of the top 25 retailers1 in the United States with volumes weighted towards non-discretionary, everyday spend categories, and is the largest PIN debit acquirer2 based on number of transactions in the U.S. For more information, visit vantiv.com .

1 By revenue in 2012
2 The Nilson Report, March 2013 Issue

About Dillard's
Dillard's, Inc. is one of the nation's largest fashion apparel and home furnishing retailers. The Company's stores operate with one name, Dillard's, and span 29 states. Dillard's stores offer a broad selection of merchandise, including products sourced and marketed under Dillard's exclusive brand names. For more information, visit www.dillards.com.

About Vantiv, Inc.
Vantiv, Inc. is a leading, integrated payment processor differentiated by a single, proprietary technology platform. Vantiv offers a comprehensive suite of traditional and innovative payment processing and technology solutions to merchants and financial institutions of all sizes in the U.S., enabling them to address their payment processing needs through a single provider. We build strong relationships with our customers, helping them become more efficient, more secure and more successful. Vantiv is the third largest merchant acquirer and the largest PIN debit acquirer based on number of transactions in the U.S. The company's growth strategy includes expanding further into high growth payment segments, such as ecommerce, payment facilitation (PayFac), mobile, prepaid and information solutions, and attractive industry verticals, such as petroleum, business-to-business, government, healthcare, gaming and education. For more information, visit www.vantiv.com.

Source: Vantiv, Inc.