LLC delivers innovative payment transaction processing and acceptance solutions
"We are fully committed to helping our clients differentiate themselves from their competitors by delivering the technology solutions they need to grow their businesses," commented Charles Drucker, President and CEO of Fifth Third Processing Solutions. "This acquisition is especially exciting because it further complements our existing product offerings and enables us to offer our clients a reloadable prepaid program that utilizes a consolidated transaction infrastructure, which will help them to holistically maximize efficiencies across their company. Our 3,000 financial institution clients will be able to process these transactions using the same connection they have with us today, which will give them speed-to-market advantages in under-penetrated markets such as the unbanked segment. In addition, our merchant clients will be able to offer a proven reloadable card alternative to their customers, using the same single processing platform they use today with us. We are proud to continue and expand our resources to our valued clients!"
In conjunction with the acquisition, key employees responsible for Springbok's processing platform development have joined Fifth Third Processing Solutions.
Fifth Third Processing Solutions, LLC delivers innovative payment transaction processing and acceptance solutions to create and support complex payment strategies for merchants, businesses, and financial institutions around the world. A pioneer in card payment acceptance in the early 1970s, Fifth Third Processing Solutions is headquartered in Cincinnati, Ohio and is a joint venture with Advent International and Fifth Third Bank, a subsidiary of Fifth Third Bancorp (FITB).
