- Stephanie Honan 513.534.6957
Christopher & Banks and OfficeMax Sign with Fifth Third Processing Solutions
Fifth Third Processing Solutions is pleased to announce that the following retailers have signed new contracts for merchant processing services:
- Christopher & Banks, a Minneapolis-based specialty retailer of women's clothing, has signed a Merchant Services contract with Fifth Third for credit and gift card processing. The Company operates 788 stores in 44 states under the names Christopher & Banks, C.J. Banks and Acorn.
- OfficeMax Incorporated is a leader in both business-to-business and retail office products, providing office supplies and paper, print and document services, technology products and solutions, and furniture to large, medium and small businesses and consumers. OfficeMax serves customers through direct sales, catalogs, Internet and more than 900 superstores. The company has signed a Merchant Services contract with Fifth Third for credit and debit card processing.
“Fifth Third is pleased to serve such reputable retailers like Christopher & Banks and OfficeMax with our industry-leading processing tools,” said Donald Boeding, Fifth Third Processing Solutions senior vice president and general manager of Merchant Services. “We draw on our resources, infrastructure and expansive product suite to support the holistic needs of our customers, helping them maximize efficiencies, while extending convenient payment options to their valued customers.”
Fifth Third Processing Solutions processes over 21 billion ATM and POS transactions per year for more than 2,300 financial institutions and over 143,947 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 (March 2007), 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 $99.8 billion in assets, operates 18 affiliates with 1,161 full-service Banking Centers, including 109 Bank Mart® locations open seven days a week inside select grocery stores and 2,104 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 March 31, 2007, has $225 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 NASDAQ® National Global Select Market System under the symbol “FITB.”