Verizon is collaborating with Vantiv, an integrated payments processor company, to offer merchants a solution that will help them conduct business more effectively. The new solution is architected on the Android operating system and offers secure POS payment capabilities and business applications using Verizon's Private Application Store for Business. "Merchants and consumers are seeking greater mobility, control and timely access to data," said Bill Weingart, Chief Product Offer at Vantiv, in a press release. "We've teamed with Verizon to combine our payment and security expertise with Verizon's ability to tailor development of mobile technologies to address those needs." The Vantiv mobile payment solution serves merchants who require mobility, convenience and security. Additionally, the integration addresses many business needs through a value-added suite of applications including accounting, CRM, inventory, payroll and workforce management.