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DOCUMENT AND ENTITY INFORMATION	3 Months Ended
DOCUMENT AND ENTITY INFORMATION	Mar. 31, 2014 shares
Document and Entity Information [Line Items]
Entity Registrant Name	Vantiv, Inc.
Entity Central Index Key	0001533932
Document Type	10-Q
Document Period End Date	Mar. 31, 2014
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Current Reporting Status	Yes
Entity Filer Category	Large Accelerated Filer
Document Fiscal Year Focus	2014
Document Fiscal Period Focus	Q1
Class A Common Stock
Document and Entity Information [Line Items]
Entity Common Stock, Shares Outstanding (in shares)	140,275,073
Class B Common Stock
Document and Entity Information [Line Items]
Entity Common Stock, Shares Outstanding (in shares)	48,822,826

CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	3 Months Ended
CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	Mar. 31, 2014	Mar. 31, 2013
Revenue:
External customers	$ 518,312	$ 479,159
Related party revenues	19,266	18,807
Total revenue	537,578	497,966
Network fees and other costs	249,046	225,065
Sales and marketing	78,444	75,976
Other operating costs	60,369	50,560
General and administrative	32,606	31,099
Depreciation and amortization	49,846	43,296
Income from operations	67,267	71,970
Interest expense—net	(10,554)	(9,694)
Income before applicable income taxes	56,713	62,276
Income tax expense	15,622	17,811
Net income	41,091	44,465
Less: Net income attributable to non-controlling interests	(12,955)	(18,346)
Net income attributable to Vantiv, Inc.	$ 28,136	$ 26,119
Class A Common Stock
Net income per share attributable to Vantiv, Inc. Class A common stock:
Basic (in dollars per share)	$ 0.20	$ 0.19
Diluted (in dollars per share)	$ 0.18	$ 0.18
Shares used in computing net income per share of Class A common stock:
Basic (in shares)	138,228,839	137,084,276
Diluted (in shares)	198,949,977	214,584,791

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Statement of Comprehensive Income [Abstract]
Net income	$ 41,091	$ 44,465
Other comprehensive income (loss), net of tax:
Loss on cash flow hedges	(1,653)	0
Comprehensive income	39,438	44,465
Less: Comprehensive income attributable to non-controlling interests	(12,379)	(18,346)
Comprehensive income attributable to Vantiv, Inc.	$ 27,059	$ 26,119

CONSOLIDATED STATEMENTS OF FINANCIAL POSITION - USD ($) $ in Thousands	Mar. 31, 2014	Dec. 31, 2013
Current assets:
Cash and cash equivalents	$ 136,968	$ 171,427
Accounts receivable—net	473,229	472,196
Related party receivable	5,160	5,155
Settlement assets	522,485	127,144
Prepaid expenses	20,424	18,059
Other	9,586	13,932
Total current assets	1,167,852	807,913
Customer incentives	36,608	30,808
Property, equipment and software—net	216,918	217,333
Intangible assets—net	780,735	795,332
Goodwill	1,943,613	1,943,613
Deferred taxes	359,096	362,785
Other assets	30,102	31,769
Total assets	4,534,924	4,189,553
Current liabilities:
Accounts payable and accrued expenses	209,296	233,383
Related party payable	1,789	2,381
Settlement obligations	722,925	333,649
Current portion of note payable to related party	17,621	17,621
Current portion of note payable	74,879	74,879
Current portion of tax receivable agreement obligations to related parties	22,649	8,639
Deferred income	10,001	9,053
Current maturities of capital lease obligations	4,347	4,326
Other	1,382	1,382
Total current liabilities	1,064,889	685,313
Long-term liabilities:
Note payable to related party	321,588	325,993
Note payable	1,374,187	1,392,757
Tax receivable agreement obligations to related parties	528,412	551,061
Capital lease obligations	10,855	12,044
Deferred taxes	42,263	37,963
Other	7,605	8,100
Total long-term liabilities	2,284,910	2,327,918
Total liabilities	3,349,799	3,013,231
Commitments and contingencies (See Note 4 - Commitments, Contingencies and Guarantees)
Equity:
Preferred stock, $0.00001 par value; 10,000,000 shares authorized; no shares issued and outstanding	0	0
Paid-in capital	587,623	597,730
Retained earnings	231,202	203,066
Accumulated other comprehensive (loss) income	(813)	264
Treasury stock, at cost; 2,026,335 shares at March 31, 2014 and 1,606,664 shares at December 31, 2013	(46,419)	(33,130)
Total Vantiv, Inc. equity	771,594	767,931
Non-controlling interests	413,531	408,391
Total equity	1,185,125	1,176,322
Total liabilities and equity	4,534,924	4,189,553
Class A Common Stock
Equity:
Class A common stock, $0.00001 par value; 890,000,000 shares authorized; 140,275,073 shares outstanding at March 31, 2014; 141,758,681 shares outstanding at December 31, 2013, Class B common stock, no par value; 100,000,000 shares authorized; 48,822,826 shares issued and outstanding at March 31, 2014; 48,822,826 shares issued and outstanding at December 31, 2013	1	1
Class B Common Stock
Equity:
Class A common stock, $0.00001 par value; 890,000,000 shares authorized; 140,275,073 shares outstanding at March 31, 2014; 141,758,681 shares outstanding at December 31, 2013, Class B common stock, no par value; 100,000,000 shares authorized; 48,822,826 shares issued and outstanding at March 31, 2014; 48,822,826 shares issued and outstanding at December 31, 2013	$ 0	$ 0

CONSOLIDATED STATEMENTS OF FINANCIAL POSITION (Parenthetical) - $ / shares	Mar. 31, 2014	Dec. 31, 2013
Preferred stock, par value (in dollars per share)	$ 0.00001	$ 0.00001
Preferred stock, shares authorized (in shares)	10,000,000	10,000,000
Preferred stock, shares issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0
Treasury stock, shares (in shares)	2,026,335	1,606,664
Class A Common Stock
Common stock, par value (in dollars per share)	$ 0.00001	$ 0.00001
Common stock, shares authorized (in shares)	890,000,000	890,000,000
Common stock, shares outstanding (in shares)	140,275,073	141,758,681
Class B Common Stock
Common stock, shares authorized (in shares)	100,000,000	100,000,000
Common stock, shares issued (in shares)	48,822,826	48,822,826
Common stock, shares outstanding (in shares)	48,822,826	48,822,826

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Operating Activities:
Net income	$ 41,091	$ 44,465
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization expense	49,846	43,296
Amortization of customer incentives	1,894	2,475
Amortization of debt issuance costs	1,170	1,001
Share-based compensation expense	8,939	6,740
Change in operating assets and liabilities:
Accounts receivable and related party receivable	(1,038)	(4,344)
Net settlement assets and obligations	(6,065)	76,253
Customer incentives	(3,873)	(5,815)
Prepaid and other assets	1,524	(6,232)
Accounts payable and accrued expenses	(9,148)	(4,516)
Payable to related party	(592)	1,080
Other liabilities	948	2,049
Net cash provided by operating activities	84,696	156,452
Investing Activities:
Purchases of property and equipment	(28,941)	(12,342)
Acquisition of customer portfolios and related assets	(17,394)	(32)
Purchase of investments	0	(124)
Net cash used in investing activities	(46,335)	(12,498)
Financing Activities:
Proceeds from exercise of Class A common stock options	236	0
Repayment of debt and capital lease obligations	(24,607)	(56,681)
Repurchase of Class A common stock	(34,366)	0
Repurchase of Class A common stock (to satisfy tax withholding obligations)	(13,289)	(9,402)
Payments under tax receivable agreements	(8,639)	0
Tax benefit from employee share-based compensation	7,845	3,607
Distribution to non-controlling interests	0	(6,796)
Net cash used in financing activities	(72,820)	(69,272)
Net (decrease) increase in cash and cash equivalents	(34,459)	74,682
Cash and cash equivalents—Beginning of period	171,427	67,058
Cash and cash equivalents—End of period	136,968	141,740
Cash Payments:
Interest	9,518	8,570
Taxes	$ 12,756	$ 13,465

CONSOLIDATED STATEMENTS OF EQUITY - USD ($) $ in Thousands	Total	Treasury Stock	Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive (Loss) Income	Non-Controlling Interests	Class A Common Stock	Class A Common Stock Common Stock	Class B Common Stock	Class B Common Stock Common Stock
Balance at Dec. 31, 2012	$ 1,444,235	$ (17,906)	$ 766,337	$ 69,494	$ 0	$ 626,309		$ 1		$ 0
Balance (in shares) at Dec. 31, 2012		978,000						142,244,000		70,219,000
Increase (Decrease) in Stockholders' Equity
Net income	44,465			26,119		18,346
Tax benefit from employee share-based compensation	3,607		3,607
Repurchase of Class A common stock (to satisfy tax withholding obligation)	(9,402)	$ (9,402)
Repurchase of Class A common stock (to satisfy tax withholding obligation) (in shares)		(437,000)						(437,000)
Distribution to non-controlling interests	(6,796)					(6,796)
Share-based compensation	6,740		4,505			2,235
Forfeitures of restricted stock awards (in shares)								(307,000)
Balance at Mar. 31, 2013	1,482,849	$ (27,308)	774,449	95,613	0	640,094		$ 1		$ 0
Balance (in shares) at Mar. 31, 2013		1,415,000						141,500,000	70,219,136	70,219,000
Balance at Dec. 31, 2013	1,176,322	$ (33,130)	597,730	203,066	264	408,391		$ 1		$ 0
Balance (in shares) at Dec. 31, 2013		1,607,000					141,758,681	141,759,000	48,822,826	48,823,000
Increase (Decrease) in Stockholders' Equity
Net income	41,091			28,136		12,955
Stock Issued During Period, Value, Stock Options Exercised	236		236
Issuance of Class A common stock under employee stock plans, net of forfeitures								44,000
Tax benefit from employee share-based compensation	7,845		7,845
Repurchase of Class A common stock (to satisfy tax withholding obligation)	(13,289)	$ (13,289)
Repurchase of Class A common stock (to satisfy tax withholding obligation) (in shares)		(419,000)						(419,000)
Stock Repurchased and Retired During Period, Value	$ (34,366)		(34,366)
Stock Repurchased and Retired During Period, Shares	(1,108,700)							(1,109,000)
Unrealized loss on hedging activities, net of tax	$ (1,653)				(1,077)	(576)
Share-based compensation	8,939		6,637			2,302
Reallocation of non-controlling interests of Vantiv Holding due to change in ownership			9,541			(9,541)
Balance at Mar. 31, 2014	$ 1,185,125	$ (46,419)	$ 587,623	$ 231,202	$ (813)	$ 413,531		$ 1		$ 0
Balance (in shares) at Mar. 31, 2014		2,026,000					140,275,073	140,275,000	48,822,826	48,823,000

BASIS OF PRESENTATION

3 Months Ended

Mar. 31, 2014

Organization, Consolidation and Presentation of Financial Statements [Abstract]

BASIS OF PRESENTATION

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Description of Business

Vantiv, Inc., a Delaware corporation, is a holding company that conducts its operations through its majority-owned subsidiary, Vantiv Holding, LLC ("Vantiv Holding"). Vantiv, Inc. and Vantiv Holding are referred to collectively as the "Company," "Vantiv," "we," "us" or "our," unless the context requires otherwise.

The Company provides electronic payment processing services to merchants and financial institutions throughout the United States of America. The Company markets its services through diverse distribution channels, including national, regional and mid-market sales teams, third-party reseller clients and a telesales operation. The Company also has relationships with a broad range of merchant banks; technology partners, which include independent software vendors, value-added resellers and payment facilitators; independent sales organizations ("ISOs") and trade associations as well as arrangements with core processors.

Segments

The Company’s segments consist of the Merchant Services segment and the Financial Institution Services segment. The Company’s Chief Executive Officer, who is the chief operating decision maker ("CODM"), evaluates the performance and allocates resources based on the operating results of each segment. Below is a summary of each segment:

•

Merchant Services—Provides merchant acquiring and payment processing services to large national merchants, regional and small-to-mid sized businesses. Merchant services are sold to small to large businesses through diverse distribution channels. Merchant Services includes all aspects of card processing including authorization and settlement, customer service, chargeback and retrieval processing and interchange management.

•

Financial Institution Services—Provides card issuer processing, payment network processing, fraud protection, card production, prepaid program management, automated teller machine ("ATM") driving and network gateway and switching services that utilize the Company’s proprietary Jeanie debit payment network to a diverse set of financial institutions, including regional banks, community banks, credit unions and regional personal identification number ("PIN") networks. Financial Institution Services also provides statement production, collections and inbound/outbound call centers for credit transactions, and other services such as credit card portfolio analytics, program strategy and support, fraud and security management and chargeback and dispute services.

Secondary Offering and Share Repurchases

In October 2013, the Company's board of directors authorized a program to repurchase up to $137 million of the Company's Class A common stock. During the three months ended March 31, 2014, approximately 1.1 million shares were repurchased for $34.4 million, which completed the repurchases under this authorization.

In February 2014, the Company's board of directors authorized a program to repurchase up to an additional $300 million of the Company's Class A common stock. No shares have been repurchased under this authorization.

In March 2014, a secondary offering took place in which Advent International Corporation sold its remaining 18.8 million shares of Vantiv Class A common stock. The Company did not receive any proceeds from the sale.

Basis of Presentation and Consolidation

The accompanying consolidated financial statements include those of Vantiv, Inc. and all subsidiaries thereof, including its majority-owned subsidiary, Vantiv Holding, LLC. The accompanying consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America ("U.S. GAAP") and should be read in conjunction with the Company's 2013 audited financial statements and notes thereto included in the Company's Annual Report on Form 10-K. The accompanying consolidated financial statements are unaudited; however, in the opinion of management they include all normal recurring adjustments necessary for a fair presentation of the Company's financial position, results of operations and cash flows for the periods presented. Results of operations reported for interim periods are not necessarily indicative of results for the entire year. All intercompany balances and transactions have been eliminated.

As of March 31, 2014, Vantiv, Inc. and Fifth Third Bank ("Fifth Third") owned interests in Vantiv Holding of 74.18% and 25.82%, respectively (see Note 5 - Controlling and Non-controlling Interests in Vantiv Holding for changes in non-controlling interests).

The Company accounts for non-controlling interests in accordance with Accounting Standards Codification ("ASC") 810, Consolidation. Non-controlling interests represent the minority shareholders’ share of net income or loss of and equity in Vantiv Holding. Net income attributable to non-controlling interests does not include expenses incurred directly by Vantiv, Inc., including income tax expense attributable to Vantiv, Inc. All of the Company’s non-controlling interests are presented after Vantiv Holding income tax expense in the accompanying consolidated statements of income as "Net income attributable to non-controlling interests." Non-controlling interests are presented as a component of equity in the accompanying consolidated statements of financial position.

Sponsorship

In order to provide electronic payment processing services, Visa, MasterCard and other payment networks require sponsorship of non-financial institutions by a member clearing bank. In June 2009, the Company entered into a ten-year agreement with Fifth Third (the "Sponsoring Member"), to provide sponsorship services to the Company. The Company also has agreements with certain other banks that provide sponsorship into the card networks.

Use of Estimates

The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amount of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from those estimates

- Definition

The entire disclosure for organization, consolidation and basis of presentation of financial statements disclosure.

+ References

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+ Details

SUMMARY OF SIGNIFICANT ACCOUNTING AND REPORTING POLICIES

3 Months Ended

Mar. 31, 2014

Accounting Policies [Abstract]

SUMMARY OF SIGNIFICANT ACCOUNTING AND REPORTING POLICIES

Revenue Recognition

The Company has contractual agreements with its clients that set forth the general terms and conditions of the relationship including line item pricing, payment terms and contract duration. Revenues are recognized as earned (i.e., for transaction based fees, when the underlying transaction is processed) in conjunction with ASC 605, Revenue Recognition. ASC 605, Revenue Recognition, establishes guidance as to when revenue is realized or realizable and earned by using the following criteria: (1) persuasive evidence of an arrangement exists; (2) delivery has occurred or services have been rendered; (3) the seller’s price is fixed or determinable; and (4) collectibility is reasonably assured.

The Company follows guidance provided in ASC 605-45, Principal Agent Considerations. ASC 605-45, Principal Agent Considerations, states that whether a company should recognize revenue based on the gross amount billed to a customer or the net amount retained is a matter of judgment that depends on the facts and circumstances of the arrangement and that certain factors should be considered in the evaluation. The Company recognizes processing revenues net of interchange fees, which are assessed to the Company’s merchant customers on all processed transactions. Interchange rates are not controlled by the Company, which effectively acts as a clearing house collecting and remitting interchange fee settlement on behalf of issuing banks, debit networks, credit card associations and its processing customers. All other revenue is reported on a gross basis, as the Company contracts directly with the end customer, assumes the risk of loss and has pricing flexibility.

The Company generates revenue primarily by processing electronic payment transactions. Set forth below is a description of the Company’s revenue by segment.

Merchant Services

The Company’s Merchant Services segment revenue is primarily derived from processing credit and debit card transactions. Merchant Services revenue is primarily comprised of fees charged to businesses, net of interchange fees, for payment processing services, including authorization, capture, clearing, settlement and information reporting of electronic transactions. The fees charged consist of either a percentage of the dollar volume of the transaction or a fixed fee, or both, and are recognized at the time of the transaction. Merchant Services revenue also includes a number of revenue items that are incurred by the Company and are reimbursable as the costs are passed through to and paid by the Company’s clients. These items primarily consist of Visa, MasterCard and other payment network fees. In addition, for sales through ISOs and certain other referral sources in which the Company is the primary party to the contract with the merchant, the Company records the full amount of the fees collected from the merchant as revenue. Merchant Services segment revenue also includes revenue from ancillary services such as fraud management, equipment sales and terminal rent. Merchant Services revenue is recognized as services are performed.

Financial Institution Services

The Company’s Financial Institution Services segment revenues are primarily derived from debit, credit and ATM card transaction processing, ATM driving and support, and PIN debit processing services. Financial Institution Services revenue associated with processing transactions includes per transaction and account related fees, card production fees and fees generated from the Company’s Jeanie network. Financial Institution Services revenue related to card transaction processing is recognized when consumers use their client-issued cards to make purchases. Financial Institution Services also generates revenue through other services, including statement production, collections and inbound/outbound call centers for credit transactions and other services such as credit card portfolio analytics, program strategy and support, fraud and security management and chargeback and dispute services. Financial Institution Services revenue is recognized as services are performed.

Financial Institution Services provides certain services to Fifth Third. Revenues related to these services are included in the accompanying consolidated statements of income as related party revenues.

Expenses

Set forth below is a brief description of the components of the Company’s expenses:


•	Network fees and other costs consists of certain expenses incurred by the Company in connection with providing processing services to its clients, including Visa and MasterCard network association fees, payment network fees, third party processing expenses, telecommunication charges, postage and card production costs.


•	Sales and marketing expense primarily consists of salaries and benefits paid to sales personnel, sales management and other sales and marketing personnel, residual payments made to ISOs, technology partners, merchant banks and other third party partners and advertising and promotional costs.


•	Other operating costs primarily consist of salaries and benefits paid to operational and IT personnel, costs associated with operating the Company’s technology platform and data centers, information technology costs for processing transactions, product development costs, software consulting fees and maintenance costs.


•	General and administrative expenses primarily consist of salaries and benefits paid to executive management and administrative employees, including finance, human resources, product development, legal and risk management, share-based compensation costs, equipment and occupancy costs and consulting costs.

Share-Based Compensation

The Company expenses employee share-based payments under ASC 718, Compensation—Stock Compensation, which requires compensation cost for the grant-date fair value of share-based payments to be recognized over the requisite service period. The Company estimates the grant date fair value of the share-based awards issued in the form of options using the Black-Scholes option pricing model. The fair value of restricted stock awards and performance awards is measured based on the market price of the Company’s stock on the grant date. For the three months ended March 31, 2014 and 2013 total share-based compensation expense was $8.9 million and $6.7 million, respectively.

Earnings Per Share

Basic earnings per share is computed by dividing net income attributable to Vantiv, Inc. by the weighted average shares outstanding during the period. Diluted earnings per share is computed by dividing net income attributable to Vantiv, Inc., adjusted as necessary for the impact of potentially dilutive securities, by the weighted-average shares outstanding during the period and the impact of securities that would have a dilutive effect on earnings per share. See Note 7 - Net Income Per Share for further discussion.

Income Taxes

Vantiv, Inc. is taxed as a C corporation for U.S. income tax purposes and is therefore subject to both federal and state taxation at a corporate level.

Income taxes are computed in accordance with ASC 740, Income Taxes, and reflect the net tax effects of temporary differences between the financial reporting carrying amounts of assets and liabilities and the corresponding income tax amounts. The Company has deferred tax assets and liabilities and maintains valuation allowances where it is more likely than not that all or a portion of deferred tax assets will not be realized. To the extent the Company determines that it will not realize the benefit of some or all of its deferred tax assets, such deferred tax assets will be adjusted through the Company’s provision for income taxes in the period in which this determination is made. As of March 31, 2014 and December 31, 2013 the Company had recorded no valuation allowances against deferred tax assets.

The Company's consolidated interim effective tax rate is based upon expected annual income from operations, statutory tax rates and tax laws in the various jurisdictions in which the Company operates. Significant or unusual items, including adjustments to accruals for tax uncertainties, are recognized in the quarter in which the related event occurs.

The Company's effective tax rates were 27.5% and 28.6%, respectively, for the three months ended March 31, 2014 and 2013. The effective tax rate for each period reflects the impact of the Company's non-controlling interests.

Cash and Cash Equivalents

Investments with original maturities of three months or less (that are readily convertible to cash) are considered to be cash equivalents and are stated at cost, which approximates fair value. Cash equivalents consist primarily of overnight EuroDollar sweep accounts which are maintained at reputable financial institutions with high credit quality and therefore are considered to bear minimal credit risk.

Accounts Receivable—net

Accounts receivable primarily represent processing revenues earned but not collected. For a majority of its customers, the Company has the authority to debit the client’s bank accounts through the Federal Reserve’s Automated Clearing House; as such, collectibility is reasonably assured. The Company records a reserve for doubtful accounts when it is probable that the accounts receivable will not be collected. The Company reviews historical loss experience and the financial position of its customers when estimating the allowance. As of March 31, 2014 and December 31, 2013, the allowance for doubtful accounts was not material to the Company’s consolidated statements of financial position.

Customer Incentives

Customer incentives represent signing bonuses paid to customers. Customer incentives are paid in connection with the acquisition or renewal of customer contracts, and are therefore deferred and amortized using the straight-line method based on the contractual agreement. Related amortization is recorded as contra-revenue.

Property, Equipment and Software—net

Property, equipment and software consists of the Company’s corporate headquarters facility, furniture and equipment, software and leasehold improvements. These assets are depreciated on a straight-line basis over their respective useful lives, which are 15 to 40 years for the Company’s corporate headquarters facility and related improvements, 2 to 10 years for furniture and equipment, 3 to 5 years for software and 3 to 10 years for leasehold improvements or the lesser of the estimated useful life of the improvement or the term of lease. Also included in property, equipment and software is work in progress consisting of costs associated with software developed for internal use which has not yet been placed in service.

The Company capitalizes certain costs related to computer software developed for internal use and amortizes such costs on a straight-line basis over an estimated useful life of 3 to 5 years. Research and development costs incurred prior to establishing technological feasibility are charged to operations as such costs are incurred. Once technological feasibility has been established, costs are capitalized until the software is placed in service. Accumulated depreciation as March 31, 2014 and December 31, 2013 was $153.9 million and $137.4 million, respectively.

Goodwill and Intangible Assets

In accordance with ASC 350, Intangibles—Goodwill and Other, the Company tests goodwill for impairment for each reporting unit on an annual basis, or when events occur or circumstances indicate the fair value of a reporting unit is below its carrying value. If the fair value of a reporting unit is less than its carrying value, an impairment loss is recorded to the extent that fair value of the goodwill within the reporting unit is less than its carrying value. The Company performed its most recent annual goodwill impairment test for all reporting units as of July 31, 2013 using market data and discounted cash flow analyses. Based on this analysis, it was determined that the fair value of all reporting units was substantially in excess of the carrying value. There have been no other events or changes in circumstances subsequent to the testing date that would indicate impairment of these reporting units as of March 31, 2014.

Intangible assets consist primarily of acquired customer relationships amortized over their estimated useful lives and an indefinite lived trade name not subject to amortization. The Company reviews the acquired customer relationships for possible impairment whenever events or changes in circumstances indicate that carrying amounts may not be recoverable. As of March 31, 2014, there have been no such events or circumstances that would indicate potential impairment. The indefinite lived trade name is tested for impairment annually. The Company performed its most recent annual trade name impairment test as of July 31, 2013, which indicated there was no impairment. There have been no other events or changes in circumstances subsequent to the testing date that would indicate impairment of the trade name as of March 31, 2014.

Settlement Assets and Obligations

Settlement assets and obligations result from Financial Institution Services when funds are transferred from or received by the Company prior to receiving or paying funds to a different entity. This timing difference results in a settlement asset or obligation. The amounts are generally collected or paid the following business day.

The settlement assets and obligations recorded by Merchant Services represent intermediary balances due to differences between the amount the Sponsoring Member receives from the card associations and the amount funded to the merchants. Such differences arise from timing differences, interchange expenses, merchant reserves and exception items. In addition, certain card associations limit the Company from accessing or controlling merchant settlement funds and, instead, require that these funds be controlled by the Sponsoring Member. The Company follows a net settlement process whereby, if the settlement received from the card associations precedes the funding obligation to the merchant, the Company temporarily records a corresponding liability. Conversely, if the funding obligation to the merchant precedes the settlement from the card associations, the amount of the net receivable position is recorded by the Company, or in some cases, the Sponsoring Member may cover the position with its own funds in which case a receivable position is not recorded by the Company.

Derivatives

The Company accounts for derivatives in accordance with ASC 815, Derivatives and Hedging. This guidance establishes accounting and reporting for derivative instruments, including certain derivative instruments embedded in other contracts, and for hedging activities. All derivatives, whether designated in hedging relationships or not, are required to be recorded on the statement of financial position at fair value. If the derivative is designated as a fair value hedge, the changes in the fair value of the derivative and the hedged item will be recognized in earnings. If the derivative is designated as a cash flow hedge, the effective portion of the change in the fair value of the derivative will be recorded in accumulated other comprehensive income ("AOCI") and will be recognized in the statement of income when the hedged item affects earnings. The Company does not enter into derivative financial instruments for speculative purposes.

Tax Receivable Agreements

As of March 31, 2014, the Company is party to two tax receivable agreements ("TRAs") with Fifth Third, which were executed in connection with its initial public offering ("IPO"). One provides for the payment by the Company to Fifth Third of 85% of the amount of cash savings, if any, in U.S. federal, state, local and foreign income tax that the Company actually realizes as a result of the increases in tax basis that may result from the purchase of Vantiv Holding units from Fifth Third or from the future exchange of units by Fifth Third for cash or shares of the Company's Class A common stock, as well as the tax benefits attributable to payments made under such tax receivable agreement. Any actual increase in tax basis, as well as the amount and timing of any payments under the agreement, will vary depending upon a number of factors, including the timing of exchanges, the price of shares of the Company's Class A common stock at the time of the exchange, the extent to which such exchanges are taxable, and the amount and timing of the Company's income. The other tax receivable agreement provides for the payment by the Company to Fifth Third of 85% of the amount of cash savings according to Fifth Third's respective ownership interests in Vantiv Holding immediately prior to the Company's IPO, if any, in U.S. federal, state, local and foreign income tax that National Processing Company ("NPC") actually realizes as a result of its use of its net operating losses ("NOLs") and other tax attributes.

Payments under the TRAs are only required to the extent the Company realizes cash savings as a result of the underlying tax attributes. For each of the TRAs discussed above, the cash savings realized by the Company are computed by comparing the Company's actual income tax liability to the amount of such taxes the Company would have been required to pay had there been no increase to the tax basis of the assets of Vantiv Holding as a result of the purchase or exchange of Vantiv Holding units and had there been no tax benefit as a result of the NOLs and other tax attributes at NPC. As such, obligations recorded pursuant to the TRAs are based on estimates of future taxable income and future tax rates. The Company will retain the benefit of the remaining 15% of these tax savings.

The timing and/or amount of aggregate payments due under the TRAs may vary based on a number of factors, including the amount and timing of the taxable income the Company generates in the future and the tax rate then applicable, the use of loss carryovers and amortizable basis. The first contractually obligated payment under the TRA obligations of approximately $8.6 million was paid in January 2014. Subsequent to this TRA payment, as of March 31, 2014, $22.6 million is the balance of the current portion of tax receivable agreement obligations to related parties on the accompanying statement of financial position. The term of the TRAs will continue until all such tax benefits have been utilized or expired, unless the Company exercises its right to terminate the TRA for an amount based on the agreed payments remaining to be made under the agreement.

INTANGIBLE ASSETS

3 Months Ended

Mar. 31, 2014

Intangible Assets, Net (Excluding Goodwill) [Abstract]

INTANGIBLE ASSETS

As of March 31, 2014 and December 31, 2013, the Company's intangible assets consisted of the following (in thousands):



	March 31, 2014		December 31, 2013
Customer relationship intangible assets	$	1,232,904	$	1,234,042
Trade name - indefinite lived	41,000		41,000
Trade name - finite lived	500		500
Customer portfolios and related assets	45,140		26,422
	1,319,544		1,301,964

Less accumulated amortization on:
Customer relationship intangible assets	526,132		496,906
Trade name - finite lived	333		208
Customer portfolios and related assets	12,344		9,518
	538,809		506,632
	$	780,735	$	795,332

During the three months ended March 31, 2014, the Company acquired approximately $18.7 million of customer portfolios and related assets, which are being amortized over a weighted average useful life of 3.2 years. Amortization expense on intangible assets for the three months ended March 31, 2014 and 2013 was $33.3 million and $31.4 million, respectively.

The estimated amortization expense of intangible assets for the next five years is as follows (in thousands):



Nine months ending December 31, 2014	$	100,008
2015	126,171
2016	119,904
2017	114,315
2018	110,484
2019	107,263

DERIVATIVES AND HEDGING ACTIVITIES

3 Months Ended

Mar. 31, 2014

Derivative Instruments and Hedging Activities Disclosure [Abstract]

DERIVATIVES AND HEDGING ACTIVITIES

Risk Management Objective of Using Derivatives

The Company enters into derivative financial instruments to manage differences in the amount, timing and duration of its known or expected cash payments related to its variable-rate debt. As of March 31, 2014 and December 31, 2013, the Company’s derivative instruments consisted of interest rate swaps, which hedged the variable rate debt by converting floating-rate payments to fixed-rate payments. These swaps are designated as cash flow hedges for accounting purposes.

Accounting for Derivative Instruments

The Company recognizes derivatives in other non-current assets or liabilities in the accompanying consolidated statements of financial position at their fair values. Refer to Note 6 - Fair Value Measurements for a detailed discussion of the fair value of its derivatives. The Company designates its interest rate swaps as cash flow hedges of forecasted interest rate payments related to its variable-rate debt.

The Company formally documents all relationships between hedging instruments and underlying hedged transactions, as well as its risk management objective and strategy for undertaking hedge transactions. This process includes linking all derivatives that are designated as cash flow hedges to forecasted transactions. A formal assessment of hedge effectiveness is performed both at inception of the hedge and on an ongoing basis to determine whether the hedge is highly effective in offsetting changes in cash flows of the underlying hedged item. Hedge effectiveness is assessed using a regression analysis. If it is determined that a derivative ceases to be highly effective during the term of the hedge, the Company will discontinue hedge accounting for such derivative.

The Company’s interest rate swaps qualify for hedge accounting under ASC 815, Derivatives and Hedging. Therefore, the effective portion of changes in fair value were recorded in AOCI and will be reclassified into earnings in the same period during which the hedged transactions affected earnings.

Cash Flow Hedges of Interest Rate Risk

The Company's objectives in using interest rate derivatives are to add stability to interest expense and to manage its exposure to interest rate movements. To accomplish these objectives, the Company uses interest rate swaps as part of its interest rate risk management strategy. As of March 31, 2014, the Company had 16 outstanding interest rate swaps with a combined notional balance of $1.4 billion (amortizing to $1.1 billion) covering an exposure period from June 2013 through June 2017 that were designated as cash flow hedges of interest rate risk. Fifth Third is the counterparty to 5 of the 16 outstanding interest rate swaps with notional balances ranging from $318.8 million to $262.5 million.

The Company does not offset derivative positions in the accompanying consolidated financial statements. The table below presents the fair value of the Company’s derivative financial instruments designated as cash flow hedges included within the accompanying consolidated statements of financial position (in thousands):



	Consolidated Statement of Financial Position Location	March 31, 2014		December 31, 2013
Interest rate swaps	Other long-term assets	$	3,441	$	4,545
Interest rate swaps	Other long-term liabilities	$	5,047	$	3,728

Any ineffectiveness associated with such derivative instruments is recorded immediately as interest expense in the accompanying consolidated statements of income. As of March 31, 2014, the Company estimates that $3.3 million will be reclassified from AOCI as an increase to interest expense during the next 12 months.

The table below presents the effect of the Company’s interest rate swaps on the accompanying consolidated statements of income for the three months ended March 31, 2014 (in thousands). During the three months ended March 31, 2013 there was no derivative activity.



	Three Months Ended March 31,
	2014
Derivatives in cash flow hedging relationships:
Amount of loss recognized in other comprehensive income (effective portion)	$	(2,599	)
Amount of loss reclassified from AOCI into earnings (effective portion)	(335		)
Amount of loss recognized in earnings (1)	(158		)


(1)	Amount represents ineffectiveness and is recorded as a component of interest expense-net in the accompanying consolidated statement of income.

Credit Risk Related Contingent Features

The Company has agreements with each of its derivative counterparties that contain a provision where if the Company defaults on any of its indebtedness, then the Company could also be declared in default on its derivative obligations.

As of March 31, 2014, the fair value of derivatives in a net liability position, which includes accrued interest but excludes any adjustment for nonperformance risk, related to these agreements was $3.2 million. As of March 31, 2014, the Company has not posted any collateral related to these agreements. If the Company had breached any of these provisions at March 31, 2014, it could have been required to settle its obligations under the agreements at their termination value of $3.2 million.

- Definition

The entire disclosure for derivative instruments and hedging activities including, but not limited to, risk management strategies, non-hedging derivative instruments, assets, liabilities, revenue and expenses, and methodologies and assumptions used in determining the amounts.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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-Section 45
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Reference 2: http://www.xbrl.org/2003/role/presentationRef
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Reference 3: http://www.xbrl.org/2003/role/presentationRef
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Reference 14: http://www.xbrl.org/2003/role/presentationRef
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+ Details

COMMITMENTS, CONTINGENCIES AND GUARANTEES	3 Months Ended
COMMITMENTS, CONTINGENCIES AND GUARANTEES	Mar. 31, 2014
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS, CONTINGENCIES AND GUARANTEES	COMMITMENTS, CONTINGENCIES AND GUARANTEES Legal Reserve From time to time, the Company is involved in various litigation matters arising in the ordinary course of its business. While it is impossible to ascertain the ultimate resolution or range of financial liability with respect to these contingent matters, management believes none of these matters, either individually or in the aggregate, would have a material effect upon the Company’s consolidated financial statements.

CONTROLLING AND NON-CONTROLLING INTERESTS IN VANTIV HOLDING

3 Months Ended

Mar. 31, 2014

Noncontrolling Interest [Abstract]

CONTROLLING AND NON-CONTROLLING INTERESTS IN VANTIV HOLDING

As discussed in Note 1 - Basis of Presentation and Summary of Significant Accounting Policies, Vantiv, Inc. owns a controlling interest in Vantiv Holding, and therefore consolidates the financial results of Vantiv Holding and records non-controlling interest for the economic interests in Vantiv Holding held by Fifth Third.

As of March 31, 2014, Vantiv, Inc.’s interest in Vantiv Holding was 74.18%. Changes in units and related ownership interest in Vantiv Holding are summarized as follows:



	Vantiv, Inc.		Fifth Third		Total
As of December 31, 2013	141,758,681		48,822,826		190,581,507
% of ownership	74.38	%	25.62	%
Share repurchases	(1,108,700	)	—		(1,108,700	)
Equity plan activity (a)	(374,908	)	—		(374,908	)
As of March 31, 2014	140,275,073		48,822,826		189,097,899
% of ownership	74.18	%	25.82	%


(a)	Includes stock issued under equity plans, repurchase of Class A common stock to satisfy employee tax withholding obligations and forfeitures of restricted Class A common stock awards.

As a result of the changes in ownership interests in Vantiv Holding, an adjustment of $9.5 million has been recognized during the three months ended March 31, 2014 in order to reflect the portion of net assets of Vantiv Holding attributable to non-controlling unit holders based on ownership interests in Vantiv Holding since the end of 2013.

The table below provides a reconciliation of net income attributable to non-controlling interests based on relative ownership interests in Vantiv Holding as discussed above (in thousands):



	Three Months Ended March, 31
	2014		2013
Net income	$	41,091	$	44,465
Items not allocable to non-controlling interests:
Vantiv, Inc. income tax expense (a)	9,192		10,842
Vantiv Holding net income	50,283		55,307
Net income attributable to non-controlling interests (b)	$	12,955	$	18,346

(a) Represents income tax expense related to Vantiv, Inc.

(b) Net income attributable to non-controlling interests reflects the allocation of Vantiv Holding’s net income based on the proportionate ownership interests in Vantiv Holding held by the non-controlling unitholders. The net income attributable to non-controlling unitholders reflects the changes in ownership interests summarized in the table above.

FAIR VALUE MEASUREMENTS

3 Months Ended

Mar. 31, 2014

Fair Value Disclosures [Abstract]

FAIR VALUE MEASUREMENTS

Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The Company uses the hierarchy prescribed in ASC 820, Fair Value Measurement, based upon the available inputs to the valuation and the degree to which they are observable or not observable in the market. The three levels in the hierarchy are as follows:


•	Level 1 Inputs—Quoted prices (unadjusted) for identical assets or liabilities in active markets that are accessible as of the measurement date.


•	Level 2 Inputs—Inputs other than quoted prices within Level 1 that are observable either directly or indirectly, including but not limited to quoted prices in markets that are not active, quoted prices in active markets for similar assets or liabilities and observable inputs other than quoted prices such as interest rates or yield curves.


•	Level 3 Inputs—Unobservable inputs reflecting the Company’s own assumptions about the assumptions that market participants would use in pricing the asset or liability, including assumptions about risk.

The following table summarizes assets and liabilities measured at fair value on a recurring basis as of March 31, 2014 and December 31, 2013 (in thousands):



	March 31, 2014						December 31, 2013
	Fair Value Measurements Using
	Level 1		Level 2		Level 3		Level 1		Level 2		Level 3
Assets:
Interest rate swaps	$	—	$	3,441	$	—	$	—	$	4,545	$	—
Liabilities:
Interest rate swaps	$	—	$	5,047	$	—	$	—	$	3,728	$	—

Interest Rate Swaps

The Company uses interest rate swaps to manage interest rate risk. The fair value of interest rate swaps are determined using the market standard methodology of netting the discounted future fixed cash receipts (or payments) and the discounted expected variable cash payments (or receipts). The variable cash payments (or receipts) are based on the expectation of future interest rates (forward curves) derived from observed market interest rate curves. In addition, to comply with the provisions of ASC 820, Fair Value Measurements, credit valuation adjustments, which consider the impact of any credit enhancements to the contracts, are incorporated in the fair values to account for potential nonperformance risk. In adjusting the fair value of its interest rate swaps for the effect of nonperformance risk, the Company has considered any applicable credit enhancements such as collateral postings, thresholds, mutual puts, and guarantees.

Although the Company determined that the majority of the inputs used to value its interest rate swaps fell within Level 2 of the fair value hierarchy, the credit valuation adjustments associated with its interest rate swaps utilized Level 3 inputs, such as estimates of current credit spreads to evaluate the likelihood of default by itself and its counterparties. However, as of March 31, 2014 and December 31, 2013, the Company assessed the significance of the impact of the credit valuation adjustments on the overall valuation of its interest rate swaps and determined that the credit valuation adjustment was not significant to the overall valuation of its interest rate swaps. As a result, the Company classified its interest rate swap valuations in Level 2 of the fair value hierarchy. See Note 3 - Derivatives and Hedging Activities for further discussion of the Company’s interest rate swaps.

The following table summarizes carrying amounts and estimated fair values for financial assets and liabilities, excluding assets and liabilities measured at fair value on a recurring basis, as of March 31, 2014 and December 31, 2013 (in thousands):



	March 31, 2014				December 31, 2013
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
Assets:
Cash and cash equivalents	$	136,968	$	136,968	$	171,427	$	171,427
Liabilities:
Note payable	1,788,275		1,794,379		1,811,250		1,815,459

Due to the short-term nature of cash and cash equivalents, the carrying value approximates fair value. Cash and cash equivalents are classified in Level 1 of the fair value hierarchy. The fair value of the Company’s note payable was estimated based on rates currently available to the Company for bank loans with similar terms and maturities and is classified in Level 2 of the fair value hierarchy.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

NET INCOME PER SHARE

3 Months Ended

Mar. 31, 2014

Earnings Per Share [Abstract]

NET INCOME PER SHARE

Basic net income per share is calculated by dividing net income attributable to Vantiv, Inc. by the weighted-average shares of Class A common stock outstanding during the period.

Diluted net income per share is calculated assuming that Vantiv Holding is a wholly-owned subsidiary of Vantiv, Inc., therefore eliminating the impact of non-controlling interests. As such, due to the Company's structure as a C corporation and Vantiv Holding's structure as a pass-through entity for tax purposes, the numerator in the calculation of diluted net income per share is adjusted accordingly to reflect the Company's income tax expense assuming the conversion of the non-controlling interest into Class A common stock. The denominator is adjusted to include the weighted-average shares of Class A common stock outstanding assuming conversion of the Class B units of Vantiv Holding held by the non-controlling interest on an "if-converted" basis. As of March 31, 2014 and 2013, there were approximately 48.8 million and 70.2 million Class B units outstanding, respectively.

In addition to the Class B units discussed above, potentially dilutive securities during the three months ended March 31, 2014 and 2013 included restricted stock awards, the warrant held by Fifth Third which allows for the purchase of Class C units of Vantiv Holding, stock options and performance share units. During the three months ended March 31, 2014 and 2013 approximately 633,000 and 218,000, respectively, performance share units have been excluded as the applicable performance metrics had not been met as of the reporting date. Approximately 673,000 stock options were excluded for the three months ended March 31, 2013 as they were anti-dilutive during the period.

The shares of Class B common stock do not share in the earnings or losses of the Company and are therefore not participating securities. Accordingly, basic and diluted net income per share of Class B common stock has not been presented.

The following table sets forth the computation of basic and diluted net income per share (in thousands, except share data):



	Three Months Ended March 31,
	2014		2013
Basic:
Net income attributable to Vantiv, Inc.	$	28,136	$	26,119
Shares used in computing basic net income per share:
Weighted-average Class A common shares	138,228,839		137,084,276
Basic net income per share	$	0.20	$	0.19
Diluted:
Consolidated income before applicable income taxes	$	56,713	$	62,276
Income tax expense excluding impact of non-controlling interest	20,700		23,976
Net income attributable to Vantiv, Inc.	36,013		38,300
Shares used in computing diluted net income per share:
Weighted-average Class A common shares	138,228,839		137,084,276
Weighted-average Class B units of Vantiv Holding	48,822,826		70,219,136
Warrant	10,007,028		5,301,711
Restricted stock awards	1,826,035		1,979,668
Stock options	65,249		—
Diluted weighted-average shares outstanding	198,949,977		214,584,791
Diluted net income per share	$	0.18	$	0.18

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

3 Months Ended

Mar. 31, 2014

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

The activity of the components of accumulated other comprehensive income (loss) related to cash flow hedging activities for the three months ended March 31, 2014 is presented below (in thousands). During the three months ended March 31, 2013, there were no components of AOCI.



				Total Other Comprehensive Income (Loss)
	AOCI Beginning Balance			Pretax Activity			Tax Effect			Net Activity			Attributable to non-controlling interests			Attributable to Vantiv, Inc.			AOCI Ending Balance
Three months ended March 31, 2014
Net change in fair value recorded in accumulated OCI	$	(5	)	$	(2,599	)	$	704		$	(1,895	)	$	663		$	(1,232	)	$	(1,237	)
Net realized loss reclassified into earnings (a)	269			335			(93		)	242			(87		)	155			424
Net change	$	264		$	(2,264	)	$	611		$	(1,653	)	$	576		$	(1,077	)	$	(813	)

(a) The reclassification adjustment on cash flow hedge derivatives affected the following lines in the accompanying consolidated statements of income:



OCI Component		Affected line in the accompanying consolidated statements of income
Pretax activity		Interest expense-net
Tax effect		Income tax expense
OCI Attributable to non-controlling interests		Net income attributable to non-controlling interests

- Definition

The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income.

+ References

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-Article 4

Reference 15: http://www.xbrl.org/2003/role/presentationRef
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+ Details

SEGMENT INFORMATION

3 Months Ended

Mar. 31, 2014

Segment Reporting [Abstract]

SEGMENT INFORMATION

Segment operating results are presented below (in thousands). The results reflect revenues and expenses directly related to each segment. The Company does not evaluate performance or allocate resources based on segment asset data, and therefore such information is not presented.

Segment profit reflects total revenue less network fees and other costs and sales and marketing costs of the segment. The Company’s CODM evaluates this metric in analyzing the results of operations for each segment.



	Three Months Ended March 31, 2014
	Merchant Services		Financial Institution Services		Total
Total revenue	$	418,766	$	118,812	$	537,578
Network fees and other costs	213,440		35,606		249,046
Sales and marketing	71,751		6,693		78,444
Segment profit	$	133,575	$	76,513	$	210,088



	Three Months Ended March 31, 2013
	Merchant Services		Financial Institution Services		Total
Total revenue	$	385,584	$	112,382	$	497,966
Network fees and other costs	193,996		31,069		225,065
Sales and marketing	70,150		5,826		75,976
Segment profit	$	121,438	$	75,487	$	196,925

A reconciliation of total segment profit to the Company’s income before applicable income taxes is as follows (in thousands):



	Three Months Ended March 31,
	2014			2013
Total segment profit	$	210,088		$	196,925
Less: Other operating costs	(60,369		)	(50,560		)
Less: General and administrative	(32,606		)	(31,099		)
Less: Depreciation and amortization	(49,846		)	(43,296		)
Less: Interest expense—net	(10,554		)	(9,694		)
Income before applicable income taxes	$	56,713		$	62,276

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
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+ Details

SUMMARY OF SIGNIFICANT ACCOUNTING AND REPORTING POLICIES (Policies)

3 Months Ended

Mar. 31, 2014

Accounting Policies [Abstract]

Principles of Consolidation

Basis of Presentation and Consolidation

Use of Estimates

Segments

•

Revenue Recognition

The Company generates revenue primarily by processing electronic payment transactions. Set forth below is a description of the Company’s revenue by segment.

Merchant Services

Financial Institution Services

Expenses

Set forth below is a brief description of the components of the Company’s expenses:


•	Network fees and other costs consists of certain expenses incurred by the Company in connection with providing processing services to its clients, including Visa and MasterCard network association fees, payment network fees, third party processing expenses, telecommunication charges, postage and card production costs.


•	Sales and marketing expense primarily consists of salaries and benefits paid to sales personnel, sales management and other sales and marketing personnel, residual payments made to ISOs, technology partners, merchant banks and other third party partners and advertising and promotional costs.


•	Other operating costs primarily consist of salaries and benefits paid to operational and IT personnel, costs associated with operating the Company’s technology platform and data centers, information technology costs for processing transactions, product development costs, software consulting fees and maintenance costs.


•	General and administrative expenses primarily consist of salaries and benefits paid to executive management and administrative employees, including finance, human resources, product development, legal and risk management, share-based compensation costs, equipment and occupancy costs and consulting costs.

Share-Based Compensation

Earnings Per Share

Income Taxes

Vantiv, Inc. is taxed as a C corporation for U.S. income tax purposes and is therefore subject to both federal and state taxation at a corporate level.

Cash and Cash Equivalents

Accounts Receivable—net

Customer Incentives

Property and Equipment—net

Property, Equipment and Software—net

Goodwill and Intangible Assets

Settlement Assets and Obligations

Derivatives

Tax Receivable Agreements

INTANGIBLE ASSETS (Tables)

3 Months Ended

Mar. 31, 2014

Intangible Assets, Net (Excluding Goodwill) [Abstract]

Schedule of intangible assets

As of March 31, 2014 and December 31, 2013, the Company's intangible assets consisted of the following (in thousands):



	March 31, 2014		December 31, 2013
Customer relationship intangible assets	$	1,232,904	$	1,234,042
Trade name - indefinite lived	41,000		41,000
Trade name - finite lived	500		500
Customer portfolios and related assets	45,140		26,422
	1,319,544		1,301,964

Less accumulated amortization on:
Customer relationship intangible assets	526,132		496,906
Trade name - finite lived	333		208
Customer portfolios and related assets	12,344		9,518
	538,809		506,632
	$	780,735	$	795,332

Schedule of expected amortization expense

The estimated amortization expense of intangible assets for the next five years is as follows (in thousands):



Nine months ending December 31, 2014	$	100,008
2015	126,171
2016	119,904
2017	114,315
2018	110,484
2019	107,263

DERIVATIVES AND HEDGING ACTIVITIES (Tables)

3 Months Ended

Mar. 31, 2014

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of fair value of derivative instruments

The table below presents the fair value of the Company’s derivative financial instruments designated as cash flow hedges included within the accompanying consolidated statements of financial position (in thousands):



	Consolidated Statement of Financial Position Location	March 31, 2014		December 31, 2013
Interest rate swaps	Other long-term assets	$	3,441	$	4,545
Interest rate swaps	Other long-term liabilities	$	5,047	$	3,728

Schedule of effect of the Company's interest rate swaps on the consolidated statements of income



	Three Months Ended March 31,
	2014
Derivatives in cash flow hedging relationships:
Amount of loss recognized in other comprehensive income (effective portion)	$	(2,599	)
Amount of loss reclassified from AOCI into earnings (effective portion)	(335		)
Amount of loss recognized in earnings (1)	(158		)


(1)	Amount represents ineffectiveness and is recorded as a component of interest expense-net in the accompanying consolidated statement of income.

CONTROLLING AND NON-CONTROLLING INTERESTS IN VANTIV HOLDING (Tables)

3 Months Ended

Mar. 31, 2014

Noncontrolling Interest [Abstract]

Schedule of changes in units and related ownership interest

Changes in units and related ownership interest in Vantiv Holding are summarized as follows:



	Vantiv, Inc.		Fifth Third		Total
As of December 31, 2013	141,758,681		48,822,826		190,581,507
% of ownership	74.38	%	25.62	%
Share repurchases	(1,108,700	)	—		(1,108,700	)
Equity plan activity (a)	(374,908	)	—		(374,908	)
As of March 31, 2014	140,275,073		48,822,826		189,097,899
% of ownership	74.18	%	25.82	%


(a)	Includes stock issued under equity plans, repurchase of Class A common stock to satisfy employee tax withholding obligations and forfeitures of restricted Class A common stock awards

Schedule of reconciliation of net income attributable to non-controlling interest

The table below provides a reconciliation of net income attributable to non-controlling interests based on relative ownership interests in Vantiv Holding as discussed above (in thousands):



	Three Months Ended March, 31
	2014		2013
Net income	$	41,091	$	44,465
Items not allocable to non-controlling interests:
Vantiv, Inc. income tax expense (a)	9,192		10,842
Vantiv Holding net income	50,283		55,307
Net income attributable to non-controlling interests (b)	$	12,955	$	18,346

(a) Represents income tax expense related to Vantiv, Inc.

FAIR VALUE MEASUREMENTS (Tables)

3 Months Ended

Mar. 31, 2014

Fair Value Disclosures [Abstract]

Schedule of assets and liabilities measured at fair value on recurring basis

The following table summarizes assets and liabilities measured at fair value on a recurring basis as of March 31, 2014 and December 31, 2013 (in thousands):



	March 31, 2014						December 31, 2013
	Fair Value Measurements Using
	Level 1		Level 2		Level 3		Level 1		Level 2		Level 3
Assets:
Interest rate swaps	$	—	$	3,441	$	—	$	—	$	4,545	$	—
Liabilities:
Interest rate swaps	$	—	$	5,047	$	—	$	—	$	3,728	$	—

Schedule of carrying amounts and estimated fair values for assets and liabilities, excluding assets and liabilities measured at fair value on a recurring basis



	March 31, 2014				December 31, 2013
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
Assets:
Cash and cash equivalents	$	136,968	$	136,968	$	171,427	$	171,427
Liabilities:
Note payable	1,788,275		1,794,379		1,811,250		1,815,459

NET INCOME PER SHARE (Tables)

3 Months Ended

Mar. 31, 2014

Earnings Per Share [Abstract]

Schedule of computation of basic and diluted net income per share

The following table sets forth the computation of basic and diluted net income per share (in thousands, except share data):



	Three Months Ended March 31,
	2014		2013
Basic:
Net income attributable to Vantiv, Inc.	$	28,136	$	26,119
Shares used in computing basic net income per share:
Weighted-average Class A common shares	138,228,839		137,084,276
Basic net income per share	$	0.20	$	0.19
Diluted:
Consolidated income before applicable income taxes	$	56,713	$	62,276
Income tax expense excluding impact of non-controlling interest	20,700		23,976
Net income attributable to Vantiv, Inc.	36,013		38,300
Shares used in computing diluted net income per share:
Weighted-average Class A common shares	138,228,839		137,084,276
Weighted-average Class B units of Vantiv Holding	48,822,826		70,219,136
Warrant	10,007,028		5,301,711
Restricted stock awards	1,826,035		1,979,668
Stock options	65,249		—
Diluted weighted-average shares outstanding	198,949,977		214,584,791
Diluted net income per share	$	0.18	$	0.18

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables)

3 Months Ended

Mar. 31, 2014

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

Schedule of activity of the components of accumulated other comprehensive income (loss)



				Total Other Comprehensive Income (Loss)
	AOCI Beginning Balance			Pretax Activity			Tax Effect			Net Activity			Attributable to non-controlling interests			Attributable to Vantiv, Inc.			AOCI Ending Balance
Three months ended March 31, 2014
Net change in fair value recorded in accumulated OCI	$	(5	)	$	(2,599	)	$	704		$	(1,895	)	$	663		$	(1,232	)	$	(1,237	)
Net realized loss reclassified into earnings (a)	269			335			(93		)	242			(87		)	155			424
Net change	$	264		$	(2,264	)	$	611		$	(1,653	)	$	576		$	(1,077	)	$	(813	)

(a) The reclassification adjustment on cash flow hedge derivatives affected the following lines in the accompanying consolidated statements of income:



OCI Component		Affected line in the accompanying consolidated statements of income
Pretax activity		Interest expense-net
Tax effect		Income tax expense
OCI Attributable to non-controlling interests		Net income attributable to non-controlling interests

SEGMENT INFORMATION (Tables)

3 Months Ended

Mar. 31, 2014

Segment Reporting [Abstract]

Schedule of results of operations for each segment



	Three Months Ended March 31, 2014
	Merchant Services		Financial Institution Services		Total
Total revenue	$	418,766	$	118,812	$	537,578
Network fees and other costs	213,440		35,606		249,046
Sales and marketing	71,751		6,693		78,444
Segment profit	$	133,575	$	76,513	$	210,088



	Three Months Ended March 31, 2013
	Merchant Services		Financial Institution Services		Total
Total revenue	$	385,584	$	112,382	$	497,966
Network fees and other costs	193,996		31,069		225,065
Sales and marketing	70,150		5,826		75,976
Segment profit	$	121,438	$	75,487	$	196,925

Schedule of reconciliation of total segment profit to the company's income before applicable income taxes

A reconciliation of total segment profit to the Company’s income before applicable income taxes is as follows (in thousands):



	Three Months Ended March 31,
	2014			2013
Total segment profit	$	210,088		$	196,925
Less: Other operating costs	(60,369		)	(50,560		)
Less: General and administrative	(32,606		)	(31,099		)
Less: Depreciation and amortization	(49,846		)	(43,296		)
Less: Interest expense—net	(10,554		)	(9,694		)
Income before applicable income taxes	$	56,713		$	62,276

BASIS OF PRESENTATION (Details) - USD ($) $ in Thousands		3 Months Ended
BASIS OF PRESENTATION (Details) - USD ($) $ in Thousands	Mar. 10, 2014	Mar. 31, 2014	Dec. 31, 2013
Nature of Business [Line Items]
Stock Repurchase Program, Authorized Amount		$ 300,000	$ 137,000
Stock Repurchased and Retired During Period, Shares		1,108,700
Stock Repurchased and Retired During Period, Value		$ 34,366
Paid-in Capital
Nature of Business [Line Items]
Stock Repurchased and Retired During Period, Value		$ 34,366
Class A Common Stock \| Common stock
Nature of Business [Line Items]
Stock Repurchased and Retired During Period, Shares		1,109,000
Advent \| Class A Common Stock
Nature of Business [Line Items]
Shares of Stock sold by Selling Shareholders in Secondary Offering Issued to Underwriters	18,800,000
Vantiv Holding \| Class A Common Stock
Nature of Business [Line Items]
Stock Repurchased and Retired During Period, Shares		1,108,700

BASIS OF PRESENTATION (Details 2)	1 Months Ended
BASIS OF PRESENTATION (Details 2)	Jun. 30, 2009	Mar. 31, 2014	Dec. 31, 2013
Sponsorship agreement
Sponsorship agreement term	10 years
Vantiv Holding \| Fifth Third
Principles of consolidation
Ownership percentage by noncontrolling owners		25.82%	25.62%
Vantiv, Inc. \| Vantiv, Inc.
Principles of consolidation
Ownership percentage by parent		74.18%	74.38%

SUMMARY OF SIGNIFICANT ACCOUNTING AND REPORTING POLICIES (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2014	Dec. 31, 2013
Property, Plant and Equipment [Line Items]
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment	$ 153.9	$ 137.4
Building and improvements \| Minimum
Property, Plant and Equipment [Line Items]
Estimated Useful Life	15 years
Building and improvements \| Maximum
Property, Plant and Equipment [Line Items]
Estimated Useful Life	40 years
Furniture and equipment \| Minimum
Property, Plant and Equipment [Line Items]
Estimated Useful Life	2 years
Furniture and equipment \| Maximum
Property, Plant and Equipment [Line Items]
Estimated Useful Life	10 years
Software \| Minimum
Property, Plant and Equipment [Line Items]
Estimated Useful Life	3 years
Software \| Maximum
Property, Plant and Equipment [Line Items]
Estimated Useful Life	5 years
Leasehold improvements \| Minimum
Property, Plant and Equipment [Line Items]
Estimated Useful Life	3 years
Leasehold improvements \| Maximum
Property, Plant and Equipment [Line Items]
Estimated Useful Life	10 years
Software development \| Minimum
Property, Plant and Equipment [Line Items]
Estimated Useful Life	3 years
Software development \| Maximum
Property, Plant and Equipment [Line Items]
Estimated Useful Life	5 years

SUMMARY OF SIGNIFICANT ACCOUNTING AND REPORTING POLICIES Accounting Policies Information (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2014 USD ($)	Mar. 31, 2013 USD ($)	Dec. 31, 2013 USD ($)
Accounting Policies, Details [Line Items]
Share-based Compensation Expense	$ 8,900	$ 6,700
Effective tax rate	27.50%	28.60%
Payments under tax receivable agreements	$ 8,639	$ 0
Current portion of tax receivable agreement obligations to related parties	$ 22,649		$ 8,639
Vantiv Holding
Accounting Policies, Details [Line Items]
Number Of Tax Receivable Agreements Executed With Pre IPO Investors Of Subsidiary	2
Fifth Third
Accounting Policies, Details [Line Items]
Payments to pre-IPO investors as percentage of cash saving in income tax	85.00%
Tax Receivable Agreement, Cash Savings Percent	15.00%

INTANGIBLE ASSETS - Intangible Assets (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013	Dec. 31, 2013
Finite-Lived Intangible Assets, Net [Abstract]
Finite-Lived and Indefinite-Lived Intangible Assets, Gross	$ 1,319,544		$ 1,301,964
Finite-Lived Intangible Assets, Accumulated Amortization	538,809		506,632
Intangible Assets, Net (Excluding Goodwill)	780,735		795,332
Amortization expense on intangible assets	33,300	$ 31,400
Estimated amortization expense of intangible assets for the next five years
Remainder of Fiscal Year	100,008
2015	126,171
2016	119,904
2017	114,315
2018	110,484
2019	107,263
Customer relationship intangible assets
Finite-Lived Intangible Assets, Net [Abstract]
Finite-Lived Intangible Assets, Gross	1,232,904		1,234,042
Finite-Lived Intangible Assets, Accumulated Amortization	526,132		496,906
Trade name
Finite-Lived Intangible Assets, Net [Abstract]
Finite-Lived Intangible Assets, Gross	500		500
Finite-Lived Intangible Assets, Accumulated Amortization	333		208
Customer portfolios and related assets
Finite-Lived and Indefinite-lived Intangible Assets [Line Items]
Finite-lived Intangible Assets Acquired	$ 18,700
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	3 years 2 months 13 days
Finite-Lived Intangible Assets, Net [Abstract]
Finite-Lived Intangible Assets, Gross	$ 45,140		26,422
Finite-Lived Intangible Assets, Accumulated Amortization	12,344		9,518
Trade name
Finite-Lived Intangible Assets, Net [Abstract]
Indefinite-Lived Trade Names	$ 41,000		$ 41,000

DERIVATIVES AND HEDGING ACTIVITIES (Details) $ in Thousands	3 Months Ended
DERIVATIVES AND HEDGING ACTIVITIES (Details) $ in Thousands	Mar. 31, 2014 USD ($) swap	Dec. 31, 2013 USD ($)
Cash Flow Hedges of Interest Rate Risk
Derivative, Number of Instruments Held \| swap	16
Notional Amount	$ 1,400,000
Notional Amount of Amortized Interest Rate Cash Flow Hedge Derivatives	1,100,000
Cash Flow Hedge Gain (Loss) to be Reclassified within Twelve Months	3,300
Derivative, Net Liability Position, Aggregate Fair Value	3,200
Fair value of the Company's derivative financial instruments designated as cash flow hedges
Interest Rate Cash Flow Hedge Asset at Fair Value	3,441	$ 4,545
Interest Rate Cash Flow Hedge Liability at Fair Value	5,047	$ 3,728
Derivatives in cash flow hedging relationships:
Amount of gain (loss) recognized in OCI (effective portion)	(2,599)
Amount of loss reclassified from accumulated OCI into earnings (effective portion)	(335)
Gain (Loss) on Interest Rate Cash Flow Hedge Ineffectiveness	$ (158)
Fifth Third
Cash Flow Hedges of Interest Rate Risk
Derivative, Number of Instruments Held \| swap	5
Maximum \| Fifth Third
Cash Flow Hedges of Interest Rate Risk
Notional Amount	$ 318,800
Minimum \| Fifth Third
Cash Flow Hedges of Interest Rate Risk
Notional Amount	$ 262,500

CONTROLLING AND NON-CONTROLLING INTERESTS IN VANTIV HOLDING (Details) - USD ($)
$ in Thousands

3 Months Ended

Mar. 31, 2014

Mar. 31, 2013

Current year transactions:

Stock Repurchased and Retired During Period, Shares

(1,108,700)

Net income

$ 41,091

$ 44,465

Items not allocable to non-controlling interests:

Vantiv, Inc. income tax expense

15,622

17,811

Net income attributable to non-controlling interests

12,955

18,346

Vantiv, Inc.

Items not allocable to non-controlling interests:

Vantiv, Inc. income tax expense

^[1]

$ 9,192

10,842

Vantiv, Inc. | Vantiv, Inc.

Changes in units and related ownership interest

Balance (in shares)

141,758,681

Opening percentage of ownership by parent

74.38%

Current year transactions:

Stock Repurchased and Retired During Period, Shares

(1,108,700)

Equity plan activity (in shares)

^[2]

(374,908)

Closing percentage of ownership by parent

74.18%

Vantiv Holding

Changes in units and related ownership interest

Balance (in shares)

190,581,507

Current year transactions:

Equity plan activity (in shares)

^[2]

(374,908)

Balance (in shares)

189,097,899

Adjustment to net assets attributable to non-controlling interest as a result of change in ownership interest

$ 9,500

Items not allocable to non-controlling interests:

Net income attributable to Vantiv Holding

50,283

55,307

Net income attributable to non-controlling interests

$ 12,955

$ 18,346

Vantiv Holding | Fifth Third

Changes in units and related ownership interest

Balance (in shares)

48,822,826

Opening percentage of ownership, non-controlling interest

25.62%

Current year transactions:

Closing percentage of ownership, non-controlling interest

25.82%

Class A Common Stock

Changes in units and related ownership interest

Balance (in shares)

141,758,681

Current year transactions:

Balance (in shares)

140,275,073

Class A Common Stock | Vantiv, Inc. | Vantiv, Inc.

Current year transactions:

Balance (in shares)

140,275,073

Class A Common Stock | Vantiv Holding

Current year transactions:

Stock Repurchased and Retired During Period, Shares

(1,108,700)

Class B Common Stock

Changes in units and related ownership interest

Balance (in shares)

48,822,826

Current year transactions:

Balance (in shares)

48,822,826

70,219,136

Class B Common Stock | Vantiv Holding | Fifth Third

Current year transactions:

Balance (in shares)

48,822,826

[1]	Net income attributable to non-controlling interests reflects the allocation of Vantiv Holding’s net income based on the proportionate ownership interests in Vantiv Holding held by the non-controlling unitholders. The net income attributable to non-controlling unitholders reflects the changes in ownership interests summarized in the table above.
[2]	Includes stock issued under equity plans, repurchase of Class A common stock to satisfy employee tax withholding obligations and forfeitures of restricted Class A common stock awards.

FAIR VALUE MEASUREMENTS (Details) - USD ($) $ in Thousands	Mar. 31, 2014	Dec. 31, 2013
Assets:
Interest Rate Cash Flow Hedge Asset at Fair Value	$ 3,441	$ 4,545
Liabilities:
Interest Rate Cash Flow Hedge Liability at Fair Value	5,047	3,728
Recurring basis \| Level 1 \| Interest rate swaps
Assets:
Interest Rate Cash Flow Hedge Asset at Fair Value	0	0
Liabilities:
Interest Rate Cash Flow Hedge Liability at Fair Value	0	0
Recurring basis \| Level 2 \| Interest rate swaps
Assets:
Interest Rate Cash Flow Hedge Asset at Fair Value	3,441	4,545
Liabilities:
Interest Rate Cash Flow Hedge Liability at Fair Value	5,047	3,728
Recurring basis \| Level 3 \| Interest rate swaps
Assets:
Interest Rate Cash Flow Hedge Asset at Fair Value	0	0
Liabilities:
Interest Rate Cash Flow Hedge Liability at Fair Value	$ 0	$ 0

FAIR VALUE MEASUREMENTS (Details 2) - Non-recurring basis - USD ($) $ in Thousands	Mar. 31, 2014	Dec. 31, 2013
Carrying Amount
Assets:
Cash and cash equivalents	$ 136,968	$ 171,427
Liabilites:
Note payable	1,788,275	1,811,250
Fair Value
Assets:
Cash and cash equivalents	136,968	171,427
Liabilites:
Note payable	$ 1,794,379	$ 1,815,459

NET INCOME PER SHARE (Narrative) (Details) - shares	3 Months Ended
NET INCOME PER SHARE (Narrative) (Details) - shares	Mar. 31, 2014	Mar. 31, 2013	Dec. 31, 2013
Performance Share Units
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Number of stock awards excluded from computation of diluted EPS (in shares)	633,000	218,000
Employee Stock Option
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Number of stock awards excluded from computation of diluted EPS (in shares)		673,000
Class B Common Stock
Earnings Per Share [Abstract]
Common Stock, Shares, Outstanding	48,822,826	70,219,136	48,822,826

NET INCOME PER SHARE (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Basic:
Net income attributable to Vantiv, Inc.	$ 28,136	$ 26,119
Diluted:
Consolidated income before applicable income taxes	56,713	62,276
Income tax expense excluding impact of non-controlling interest	$ 20,700	$ 23,976
Class A Common Stock
Shares used in computing basic net income per share:
Weighted-average Class A common shares (in shares)	138,228,839	137,084,276
Basic net income per share (in dollars per share)	$ 0.20	$ 0.19
Diluted:
Net income attributable to Vantiv, Inc.	$ 36,013	$ 38,300
Shares used in computing diluted net income per share:
Weighted-average shares (in shares)	138,228,839	137,084,276
Warrant (in shares)	10,007,028	5,301,711
Diluted weighted-average shares outstanding (in shares)	198,949,977	214,584,791
Diluted net income per share (in dollars per share)	$ 0.18	$ 0.18
Class A Common Stock \| Restricted Stock
Shares used in computing diluted net income per share:
Class A common stock equivalents included in the computation of diluted net income per share	1,826,035	1,979,668
Class A Common Stock \| Employee Stock Option
Shares used in computing diluted net income per share:
Class A common stock equivalents included in the computation of diluted net income per share	65,249	0
Class B Common Stock
Shares used in computing diluted net income per share:
Weighted-average shares (in shares)	48,822,826	70,219,136

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Accumulated Other Comprehensive Income (Loss), Net of Tax	$ 264
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, before Tax	(2,599)
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, Tax	704
Unrealized gain (loss) on cash flow hedges	(1,895)
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, before Tax	335
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Tax	(93)
Cash flow hedge reclassification adjustment	242
Pretax activity	(2,264)
Tax effect	611
Net activity	(1,653)	$ 0
Comprehensive (Income) Loss, Net of Tax, Attributable to Noncontrolling Interest	(12,379)	(18,346)
Comprehensive income attributable to Vantiv, Inc.	27,059	$ 26,119
Accumulated Other Comprehensive Income (Loss), Net of Tax	(813)
Accumulated Net Gain (Loss) from Cash Flow Hedges
Accumulated Other Comprehensive Income (Loss), Net of Tax	(5)
Accumulated Other Comprehensive Income (Loss), Net of Tax	(1,237)
Reclassification out of Accumulated Other Comprehensive Income [Member]
Accumulated Other Comprehensive Income (Loss), Net of Tax	269
Accumulated Other Comprehensive Income (Loss), Net of Tax	424
Non-Controlling Interests
Other Comprehensive Income (Loss), Unrealized Gain (Loss), Net of Tax	663
Other Comprehensive Income (Loss) Reclassification Adjustment, Net of Tax	(87)
Comprehensive (Income) Loss, Net of Tax, Attributable to Noncontrolling Interest	576
Vantiv, Inc.
Other Comprehensive Income (Loss), Unrealized Gain (Loss), Net of Tax	(1,232)
Other Comprehensive Income (Loss) Reclassification Adjustment, Net of Tax	155
Comprehensive income attributable to Vantiv, Inc.	$ (1,077)

SEGMENT INFORMATION (Details) - USD ($) $ in Thousands	3 Months Ended
SEGMENT INFORMATION (Details) - USD ($) $ in Thousands	Mar. 31, 2014	Mar. 31, 2013
Result of operation for each segment
Total revenue	$ 537,578	$ 497,966
Network fees and other costs	249,046	225,065
Sales and marketing	78,444	75,976
Segment profit	210,088	196,925
Merchant Services
Result of operation for each segment
Total revenue	418,766	385,584
Network fees and other costs	213,440	193,996
Sales and marketing	71,751	70,150
Segment profit	133,575	121,438
Financial Institution Services
Result of operation for each segment
Total revenue	118,812	112,382
Network fees and other costs	35,606	31,069
Sales and marketing	6,693	5,826
Segment profit	$ 76,513	$ 75,487

SEGMENT INFORMATION (Details 2) - USD ($) $ in Thousands	3 Months Ended
SEGMENT INFORMATION (Details 2) - USD ($) $ in Thousands	Mar. 31, 2014	Mar. 31, 2013
Reconciliation of total segment profit to the company's (loss) income before applicable income taxes
Total segment profit	$ 210,088	$ 196,925
Less: Other operating costs	(60,369)	(50,560)
Less: General and administrative	(32,606)	(31,099)
Less: Depreciation and amortization	(49,846)	(43,296)
Less: Interest expense—net	(10,554)	(9,694)
Income before applicable income taxes	$ 56,713	$ 62,276