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Vantiv to provide debit and credit processing services for ABECU

Anheuser-Busch Employees' Credit Union (ABECU), a US full-service financial institution, has chosen Vantiv to offer debit and credit processing services under a multi-year agreement.

The agreement will enable the credit union, which has over $1.4bn in assets, to offer improved products and services to its members across the country and globally, both online and through its 27 branch offices.

Anheuser-Busch Employees’ Credit Union senior vice president Ron Kampwerth said that the company has selected the services of Vantiv to fulfill the expectation of its members for the latest debit and credit products.

"Not only does Vantiv make it easier to issue the latest cards and programs, but it does so with a single point of customer service," Kampwerth added.

Leveraging its easy to implement technology and account management tools, Vantiv decreases the complexity in debit and credit card issuing process, thus allowing financial organizations to concentrate on enhancing customer relationships and boost growth of their portfolios.

The company assists in maximizing cardholder touch points through its modern mobile and online account access, and customized cards, while the working contact center provides support to cardholders.

Vantiv, a payment processor, provides an inclusive suite of traditional and modern payment processing and technology services to merchants and financial institutions of all sizes in the US, to meet their payment processing requirements through a single provider.