• Stephanie Honan 513.534.6957
Fifth Third Bank

News Release

 

Dillard’s, Inc. Signs with Fifth Third Processing Solutions for Credit and Debit Card Processing Services

9/30/08

Fifth Third Processing Solutions is pleased to announce that Dillard’s Inc., one of the nation's largest fashion apparel and home furnishing retailers, has signed a multi-year contract for credit and debit card processing services for its approximately 330 locations throughout the United States.

“Fifth Third is pleased to have been chosen by Dillard’s, and we are excited to enhance the Company’s quality product and service offering with our industry-leading processing tools,” said Donald Boeding, senior vice president and director of Merchant Services for Fifth Third Processing Solutions. “We certainly take pride in offering world class processing functionality and superior customer support and look forward to helping Dillard’s provide the best possible payment solutions to their valued customers.”

Fifth Third Processing Solutions processes over 26.7 billion ATM and POS transactions per year for more than 2,880 financial institutions and over 158,356 retail locations worldwide, including the Armed Forces Financial Network (AFFN), First Niagara Financial Group, Sovereign Bank, The Kroger Co., AutoZone, Abercrombie & Fitch and The Finish Line. Annually, Fifth Third processes $179.1 billion in credit card sales. According to The Nilson Report (March 2008), Fifth Third Bank is the fourth largest bankcard acquirer.

Dillard's, Inc. ranks among the nation's largest fashion apparel and home furnishings retailers with annual revenues exceeding $7.7 billion. The Company focuses on delivering maximum fashion and value to its shoppers by offering compelling apparel and home selections complemented by exceptional customer care. Dillard's stores offer a broad selection of merchandise and feature products from both national and exclusive brand sources. The Company operates approximately 330 Dillard's locations spanning 29 states, all with one nameplate - Dillard's.

Fifth Third Bancorp is a diversified financial services company headquartered in Cincinnati, Ohio. The Company has $115 billion in assets, operates 18 affiliates with 1,308 full-service Banking Centers, including 97 Bank Mart® locations open seven days a week inside select grocery stores and 2,329 ATMs in Ohio, Kentucky, Indiana, Michigan, Illinois, Florida, Tennessee, West Virginia, Pennsylvania, Missouri, Georgia and North Carolina. 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 June 30, 2008, has $207 billion in assets under care, of which it managed $31 billion for individuals, corporations and not-for-profit organizations. Investor information and press releases can be viewed at http://www.53.com . Fifth Third's common stock is traded on the NASDAQ(R) National Global Select Market under the symbol "FITB."