Time New York: Tue 21 Nov 05:11 am  |  Save 15% on H&R Block Online

  
caticonslite_bm_alt

Vantiv & Visa Roll Out Product for Small, Medium Businesses

Zacks

Integrated payment processor Vantiv, Inc. VNTV and Visa, Inc. V have launched a new product called FastAccess Funding. This product is meant for the small and medium-sized businesses in the United States. As the name implies, the product will take care of the funding need of these merchants by considerably reducing the time to get access to their funds after sales are made.

Visa will use its Visa Direct functionality, to serve the merchants. Visa Direct is a simple, fast, and secure real-time payments platform.

The product will be a big breather for the merchants as the decrease in waiting time to access funds will reduce their working capital requirement.

Till now, merchants had to wait for a number of days to receive funds. This service helps merchants with quick and consistent access to their daily settlement, thereby enabling them to focus on growing their business without worrying for daily cash requirements.


This product is an extension of Vantiv’s new push-to-card platform. The merchants will receive settlement payout in minutes to their debit card once funded.

This product will make Vantiv the first major merchant acquirer to speed up the merchant settlement process and offer faster disbursements to their clients. Vantiv and Visa perceive a high growth potential in this market since one-third of U.S. small businesses are faced with funding challenges.

Vantiv’s shares have returned 35% in a year, significantly outperforming the industry’s gain of just 26.5%.

U.S. small to medium-sized businesses (SMBs) form a major and critical part of the country’s economy. Both companies have long been striving to deepen its presence in the growing SME market.

Vantiv carries a Zacks Rank #2 (Buy). Some other top-ranked stocks from the same space are Green Dot Corp. GDOT sporting a Zacks Rank #1 (Strong Buy) and Western Union Co. WU, with the same Zacks Rank as Vantiv. You can see the complete list of today’s Zacks #1 Rank stocks here.

Green Dot has been witnessing upward estimate revisions for the last 60 days. In one year, the company’s share price has risen more than 99%.

Western Union has witnessed upward estimate revisions for the last 60 days. It beat estimates in two of the last four quarters, with an average positive surprise of 4%.

Looking for Stocks with Skyrocketing Upside?

Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.

Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.

See the pot trades we're targeting>>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

To read this article on Zacks.com click here.

Zacks Investment Research
<-- You can share this post with your network,
or give us your opinion and leave a comment.
Be sure to check our RSS feeds for updates.