Vantiv is developing comprehensive eCommerce payments and security extensions for the Magento 1 and Magento 2 platforms from Magento Commerce, the worldwide leader in cloud digital commerce innovation.
These integrations, part of a new relationship between the two firms by which Vantiv has become a member of the Magento Commerce Xcelerate Partner Program as a Select Technology Partner, will help Magento merchants – especially those that employ the increasingly widespread subscription, or recurring payment, business model – to maximize customer lifetime value and increase revenue.
In addition to traditional credit and debit card processing, gift cards, mobile wallets (Apple Pay and Android Pay), alternative payment methods (eCheck and PayPal), Level 1, Level 2, and Level 3 card processing, and international payment options, Vantiv’s Magento extensions will include the following value-added services and supplementary payments capabilities: Vantiv Recovery (Account Updating and Authorization Recycling), Vantiv Recurring Engine, Vantiv Issuer Insights, Vantiv iQ for eCommerce, Vantiv eProtect, Vantiv Fraud Toolkit, and Tokenization.
Vantiv’s extension for Magento M2 is available now from the Magento Marketplace, while the M1 platform extension is planned for release later this fall.
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.