Earlier this year Vantiv and Worldpay joined forces to become a global leader of integrated omni-commerce payments. As they progress through the beginning of next year, you will see the Vantiv name, logo and references transition to Worldpay.
Vantiv agreed to acquire Worldpay (NYSE: WP) for $10.4 billion using cash and stock for Worldpay shares. The combined company is valued at $28.8 billion and creates the world's largest payment processor, handling a combined $1.5 trillion worth of transactions a year.
Cincinnati, Ohio will become the company's global and corporate headquarters and London, U.K. will become its international headquarters.
iRely has used Vantiv as its credit card processing partner in i21 for the past several years. We look forward to working with Worldpay and offering their vast services to our customers.