Fifth Third Processing Solutions Enters Hawaii with Two New Contracts
Two Hawaii-based credit unions sign for electronic funds transfer services
Fifth Third Processing Solutions is pleased to announce that two Hawaii-based credit unions have recently signed contracts for electronic fund transfer services, including gateway access, ATM driving and debit card processing. These processing contracts represent Fifth Third’s first in the state of Hawaii and include HONEA Federal Credit Union, based in Fort Shafter, Hawaii and serving primarily military members, and Ewa Federal Credit Union, which has operated in Ewa Beach, Hawaii since 1937.
Through its Financial Institutions Services group, Fifth Third now drives over 10,800 ATMs in 44 states and 11 countries.
“We are pleased to welcome two new clients and to add another state to our processing footprint,” said Angela Brown, president of Financial Institution Services for Fifth Third Processing Solutions. “We look forward to the opportunity to serve these credit union clients and their members with our first-rate products and services.”
Fifth Third Processing Solutions is a full-service payment solutions provider delivering innovative technology solutions to financial institutions and businesses. Fifth Third Processing Solutions offers ATM driving, debit card processing, card production services, private label and prepaid card programs to support the complex payment strategies of its clients. Annually Fifth Third processes over 28.4 billion ATM and POS transactions per year for more than 2,900 financial institutions and over 169,000 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. Through its wholly owned subsidiary, CMC, (www.cmcOne.com) Fifth Third also provides servicing solutions and product engineering for financial institutions and retailers for credit card, debit card, merchant and private label programs. Annually, Fifth Third processes $191.6 billion in credit card sales. According to The Nilson Report (March 2008), 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 $120 billion in assets, operates 16 affiliates with 1,307 full-service Banking Centers, including 92 Bank Mart(R) locations open seven days a week inside select grocery stores and 2,341 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 December 31, 2008, has $179 billion in assets under care, of which it managed $25 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 on the NASDAQ(R) National Global Select Market under the symbol "FITB."