Vantiv Inc., a provider of payment processing services, has announced that it is the first U.S. acquirer to complete MasterCard testing requirements to process EMV transactions for MasterCard, Maestro and Cirrus brands at both ATM and point-of-sale locations. Vantiv also has been certified to process EMV transactions on the NCR APTRA Edge ATM software platform.

"We are proud to be the first U.S. acquirer to meet MasterCard's EMV requirements for these two key processing channels," said Carlos Lima, chief operating officer at Vantiv. "These efforts are a testament to our strengths in quickly implementing new payment technologies and compliance standards for our clients, which helps them stay ahead of the curve during industry transitions such as the EMV migration."

Vantiv will first deploy its EMV processing solution at People's United Bank in late April. At that time, cardholders in the Greater New York Area will be able to conduct EMV transactions at selected ATMs operated by the bank.

"Vantiv continues to be a proactive, consultative partner in meeting all our ATM processing needs," said Ted Josephson, first vice president of product management and development at People's United Bank. "Their work to help us meet this milestone ahead of schedule is representative of their agile execution capabilities."

Vantiv's network drives nearly 13,000 ATMs for financial institutions across the United States. 

Read more about EMV.