AT&T* and Vantiv, Inc., a leading provider of payment processing services and related technology solutions, announced today the availability of new payment products that deliver highly secure, integrated and speedy on-the-spot mobile transactions to businesses of all sizes.
Mobile payments represent a market opportunity with significant upside as businesses implement new, more integrated ways to manage their operations and sell to customers. In fact, Forrester Research projects that U.S. mobile payments will reach $90 billion in 2017, representing a 48 percent compound annual growth rate from the $12.8 billion spent in 2012.**
The new solution supports key emerging sales and payment trends that include:
- Field service providers such as plumbers and heating and cooling technicians accepting card payments at customer homes, instead of calling in payments over the phone or mailing bills later.
- Restaurant owners offering a tablet-based, table-side payment option during their busy hours to speed table turnover.
- Retailers capturing and processing customers’ email addresses upon payment and running email marketing campaigns to achieve increased customer traffic.
Read more about the capabilities of Vantiv in the complete news release.
* AT&T products and services are provided or offered by subsidiaries and affiliates of AT&T Inc. under the AT&T brand and not by AT&T Inc.
** Forester Research, US Mobile Payments Forecast, 2013 To 2017