Under the terms of the acquisition, Litle & Co. will become a subsidiary of Vantiv and will maintain its location in the same location.
By purchasing Litle & Co, Vantiv will be able to expand its e-commerce capabilities and its customer base of online merchants. The transaction is expected to close in late 2012, pending regulatory approvals and customary closing conditions.
Vantiv (formerly Fifth Third Processing Solutions) was founded in 1971. Vantivs product suite includes ATM terminal driving and monitoring, ATM and debit card transaction authorisation and processing, credit issuing and processing services, national and regional gateway services, ancillary services including fraud detection, card production and other consultative services.
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