Sprint and Vantiv Launch Tablet-Based Point-of-Sale
New solution enables inventory tracking, business analytics, email marketing and more
OVERLAND PARK, Kan. & CINCINNATI (BUSINESS WIRE), November 05, 2013 - Sprint (NYSE:S) and Vantiv, Inc. (NYSE: VNTV) today announced the launch of an innovative tablet-based, cloud-connected point-of-sale (POS) system. Vantiv Mobile Checkout, powered by NCR Silver, helps make it easier and more affordable for businesses to transition away from traditional cash registers and manual processes to the latest integrated technology. Vantiv Mobile Checkout, available through the Sprint business sales channel, empowers business owners to track sales and profitability, analyze and report on customer trends, manage inventory, market to customers and process sales on site or on location with secure payment processing.
This all-in-one solution includes the tablet, wireless connectivity, encrypted credit card reader, tablet stand, cash drawer and countertop receipt printer. Scanners, Bluetooth printers and other retail accessories are also available.
Vantiv Mobile Checkout enables businesses to:
“Our retail customers have been asking for a secure, integrated tablet-based point-of-sale system,” said Ben Vos-vice president, Emerging Solutions Group, Sprint. “Together with Vantiv, we are delivering a robust mobile tablet-based POS solution that’s very affordable and rich with capabilities. Our goal is to seamlessly integrate the latest in storefront technology to help retailers provide their customers with a unique experience while also receiving valuable data key to critical decision making.”
Vantiv Mobile Checkout’s affordable startup cost, encrypted transactions and simple financing, gives businesses of all sizes access to a mobile point of sale solution that will let them sell in more places. Use the POS solution at the checkout desk or on the sales floor and use the card reader at tent and sidewalk sales, remote outdoor kiosks and in a customer’s home or business, which is necessary for field service employees.
Research by McKinsey and Company shows that up to 50 percent1 of small and medium-sized businesses are using or considering moving to a tablet POS or mobile POS system. With more than five million2 small to medium-sized businesses in the United States, the strategic relationship between Sprint and Vantiv provides expanded reach and distribution capabilities that capitalize on this trend.
“We are excited to be able to bring leading, integrated and innovative payment solutions to small businesses with Sprint,” said Elizabeth Rector-senior vice president and general manager of mobile and ecommerce, Vantiv. “Sprint’s business distribution network is a perfect way to reach more small businesses and we look forward to helping them be even more effective with Vantiv Mobile Checkout.”
Vantiv services approximately 400,000 merchant locations across the country and is the No. 1 PIN debit processor and third largest overall acquirer in the United States by total number of transactions3.
Sprint Network Vision
To support the growing need for data, Sprint is rolling out a new network designed to provide faster data speeds, improved quality and easier connectivity. Sprint expects customers to benefit with better wireless signal strength and fewer drops/blocks. Sprint introduced its all-new 4G LTE network in 2012 and now offers service in 230 markets. For the most up-to-date information, please visit www.sprint.com/coverage.
About Sprint Emerging & Wholesale Solutions
Sprint Emerging & Wholesale Solutions provides platform solutions serving a broad range of industries and customers in more than 165 countries. These include Machine-to-Machine (M2M), connected transportation and traditional wholesale. Sprint’s M2M leadership has earned prestigious third-party validation, including Connected World’s 2013 CW 100 list of the most important and influential providers of M2M services for the ninth straight year. The Sprint VelocitySM in-vehicle connected services solution received Pipeline magazine’s 2013 Innovation Award for Innovation in Connectivity, the 2013 Telematics Update Industry Newcomer of the Year Award and M2M Evolution magazine’s 2012 Product of the Year Award. According to Informa Telecoms & Media, Sprint is ranked second among the top 10 telecom operators in the worldwide automotive market. Sprint Integrated Insurance Solutions received the Frost & Sullivan 2013 North American Customer Value Enhancement Award in usage-based insurance. To learn more about Sprint’s M2M offerings, visit www.sprint.com/m2m and www.twitter.com/sprintm2m.
Sprint (NYSE:S) offers a comprehensive range of wireless and wireline communications services bringing the freedom of mobility to consumers, businesses and government users. Sprint served more than 54 million customers at the end of the third quarter of 2013 and is widely recognized for developing, engineering and deploying innovative technologies, including the first wireless 4G service from a national carrier in the United States; offering industry-leading mobile data services, leading prepaid brands including Virgin Mobile USA, Boost Mobile and Assurance Wireless; instant national and international push-to-talk capabilities; and a global Tier 1 Internet backbone. The American Customer Satisfaction Index rated Sprint as the most improved company in customer satisfaction, across all 47 industries, during the last five years. You can learn more and visit Sprint at www.sprint.com or www.facebook.com/sprint and www.twitter.com/sprint.
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 (PayFacTM), 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.
1 McKinsey Small Business Panel, June 2012
2 U.S. Census Data
3 The Nilson Report, March 2013