- Stephanie Honan 513.534.6957
Fifth Third Processing Solutions Renews Three Merchant Services Contracts
Fifth Third Processing Solutions is pleased to announce that the following retailers have renewed contracts for merchant processing services:
- Kohl’s Corporation has renewed its contract with Fifth Third for credit and debit card processing. Based in Menomonee Falls, Wisconsin, Kohl's is a family-focused, value-oriented specialty department store offering moderately priced, exclusive and national brand apparel, shoes, accessories, beauty and home products. Kohl's operates 817 stores in 45 states and offers the convenience of online shopping at www.kohls.com.
- Perfumania has renewed its contract with Fifth Third for credit card processing. Perfumania, the nation’s largest perfumery chain, is the leading specialty discount retailer of a wide range of brand name and designer fragrances with approximately 270 retail stores nationwide.
- SKECHERS USA, Inc., has renewed its contract with Fifth Third for credit, debit and gift card processing. The Manhattan Beach, California-based company is an award-winning global leader in the lifestyle footwear industry that designs, develops and markets lifestyle footwear that appeals to trend-savvy men, women and children. The company sells its SKECHERS brands to department and specialty stores across the country as well as through more than 130 company-owned and operated retail stores in high-traffic destinations such as New York’s Time Square and Universal CityWalk in Los Angeles. SKECHERS also sells its brand through 10 retail locations in Europe and two in Canada as well as on the web at www.skechers.com.
“Fifth Third has marked an historic year, signing 40 new and renewing 35 national merchant contracts,” said Donald Boeding, Fifth Third Processing Solutions senior vice president and general manager of Merchant Services. “As we look toward continued success in 2007 we remain committed to investing in the people, technology and systems necessary to effectively support the payment processing needs of the most sophisticated organizations.”
Fifth Third Bank Processing Solutions processes over 21 billion ATM and POS transactions per year for more than 2,300 financial institutions and over 142,110 retail locations worldwide, including the Armed Forces Financial Network (AFFN), First Niagara Financial Group, Sovereign Bank, The Kroger Co., AutoZone, Abercrombie & Fitch, Nordstrom, Inc. and The Finish Line. Annually, Fifth Third processes $148.1 billion in credit card sales. According to The Nilson Report (April 2006), Fifth Third Bank is the fourth largest bankcard acquirer.
Fifth Third Bancorp is a diversified financial services company headquartered in Cincinnati, Ohio. The Company has $100.7 billion in assets, operates 19 affiliates with 1,158 full-service Banking Centers, including 109 Bank Mart locations open seven days a week inside select grocery stores and 2,101 Jeanie ATMs in Ohio, Kentucky, Indiana, Michigan, Illinois, Florida, Tennessee, West Virginia, Pennsylvania and Missouri. Fifth Third operates five main businesses: Commercial Banking, Branch Banking, Consumer Lending, Investment Advisors and Fifth Third Processing Solutions. Fifth Third is among the largest money managers in the Midwest and, as of December 31, 2006, has $220 billion in assets under care, of which it managed $34 billion for individuals, corporations and not-for-profit organizations. Investor information and press releases can be viewed at www.53.com. Fifth Third's common stock is traded through the NASDAQÒ National Global Select Market System under the symbol "FITB." Member FDIC.