- Stacie Haas 513.579.5113
- Debra DeCourcy, APR 513.534.4153
Walgreen Co. Signs with Fifth Third Processing Solutions For Credit Card Processing Services
Fifth Third Processing Solutions is pleased to announce that Walgreens, the nation’s largest drugstore chain, has signed a new, multi-year contract for credit card processing services to all of its retail locations throughout the United States.
In addition to this credit card processing relationship, Fifth Third Processing Solutions provides debit and electronic benefits transfer (EBT) processing services to Walgreens and has done so since 1993.
“Fifth Third Processing Solutions is very pleased to earn the credit card processing business from Walgreens,” said Charles Drucker, president, Fifth Third Processing Solutions. “As a national company with nearly 6,000 retail locations, Walgreens was in need of a credit card processor with the expertise, resources and infrastructure to facilitate credit transactions for all of their customers. Our consultative processing approach differentiates Fifth Third from others in the industry, and it’s the reason why national retailers like Walgreens choose to team with us.” Drucker added that this contract makes Walgreens one of the company’s top five merchant processing relationships.
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 $100 billion in assets, operates 18 affiliates with 1,167 full-service Banking Centers, including 106 Bank Mart® locations open seven days a week inside select grocery stores and 2,132 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.”