How it started
History
In 1971, Fifth Third Bank formed Midwest Payment Systems (MPS) to provide Electronic Funds Transfer (EFT) services to financial institutions. In 1977, Jeanie, the nation's first shared online ATM network was developed and implemented.
In 2000, nine years after expanding to offer Merchant Services, MPS acquired Integrated Delivery Technologies, Inc. (IDTI), Cartel Network and ACI Merchant Services. In 2003, MPS adopted the name Fifth Third Processing Solutions.
In 2006, the firm acquired Card Management Corporation (CMC) to provide a broader range of processing services. Several years later, in 2009, Fifth Third Processing Solutions spun off from Fifth Third Bancorp and was launched as a joint venture between Advent International and Fifth Third Bank, a subsidiary of Fifth Third Bancorp.
By the end of 2010, the company had acquired TNB Card Services, National Processing Company (NPC) and certain assets of Springbok Services, Inc. Prepaid Platform. In June 2011, Fifth Third Processing Solutions assumed the Vantiv name.
The company adopted the name "Vantiv" in June 2011 as a step towards becoming a public company. Previously a joint venture between Advent International and Fifth Third Bancorp, Vantiv became a publicly traded company on March 22, 2012, listed on the NYSE under the ticker symbol "VNTV".
From Wikipedia’s article on Worldpay, shared under CC BY-SA 4.0.3