Vantiv Launches Gaming Unit
Sept. 23, 2013
Cincinnati-based payments processor Vantiv late last week launched a comprehensive solution for merchants in the online gaming industry. The company said Vantiv Gaming Solutions will serve merchants in a $180 billion market that includes Internet gaming, fantasy sports, online lotteries, advanced deposit wagering and social gaming. Vantiv said it set up a standalone group to deal with gaming clients in response to an increasingly complex environment that has seen regulatory and legislative scrutiny ratchet up as quickly as the technology has advanced.
“Payments are the lifeblood of gaming,” said Joe Pappano, senior vice president and general manager of Vantiv Gaming Solutions. “We’ve worked for nearly five years to prepare for the significant expansion of payments requirements in the gaming industry.During this time we’ve built a comprehensive, fully integrated market solution, earned significant business relationships with some of the industry’s top gaming operators, and have become a leader in enabling online gaming payments.”