AT&T, Inc. and Vantiv, Inc. announced the availability of new payment products that deliver highly secure, integrated and speedy on-the-spot mobile transactions to businesses of all sizes. Mobile payments represent a market opportunity with significant upside as businesses implement new, more integrated ways to manage their operations and sell to customers. In fact, Forrester Research projects that U.S. mobile payment will reach $90 billion in 2017, representing a 48% compound annual growth rate from the $12.8 billion spent in 2012.

The new solution supports key emerging sales and payment trends that include: Field service providers such as plumbers and heating and cooling technicians accepting card payments at customer homes, instead of calling in payments over the phone or mailing bills later; Restaurant owners offering a tablet-based, table-side payment option during their busy hours to speed table turnover; Retailers capturing and processing customers' email addresses upon payment and running email marketing campaigns to achieve increased customer traffic. Vantiv Mobile Accept from AT&T is an easy-to-use mobile app that utilizes a card reader to allow businesses to quickly swipe credit, debit or prepaid cards for processing on a smartphone or tablet in a highly secure manner. Vantiv Mobile Checkout from AT&T is a tablet-based, cloud-connected payment solution that allows businesses to process payments, and access their business data from virtually anywhere.

It includes an optional cash drawer, countertop receipt printer, tablet stand and encrypted card reader.