AT&T to Support Mobile Credit Card Payments by Vantiv
Published on: 14th Jan 2014
USA based AT T says that it has signed a deal to support mobile credit card payments with Vantiv.
The companies will offer two services -- on a virtual checkout application designed to run on tablets, and the other a credit-card scanner for use with smartphones.
Explaining the service, AT&T cited a report from Forrester Research that 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.
"AT&T's sales force and its retail locations create a powerful new distribution channel for Vantiv's mobile products to reach the millions of businesses who need this important functionality." said Elizabeth Rector, Senior Vice President and General Manager for eCommerce and Mobile at Vantiv.