Fifth Third Bank to Launch the DTS® System
Treasury Management solution helps businesses with
multiple locations consolidate deposit reporting
Cincinnati – With businesses looking to streamline back-office operations and focus on their sales and customer service, Fifth Third Bank has a new tool to help its Commercial Banking clients maximize the efficiency of the deposit process.
Fifth Third Bank has teamed with International Financial Services, Inc., a leading company specializing in web-based solutions for financial and retail services, to launch its deposit tracking system called the DTS® System. The system is designed to help Treasury Management customers using the Bank’s Cash Vault services consolidate information from any location, track armored carriers and provide a total view of their business’ cash collection process.
"Fifth Third Bank is constantly exploring new ways to deliver innovative solutions that help our customers efficiently manage both payables and receivables and effectively optimize their working capital," said Jeff Ficke, senior vice president and director of Treasury Management for Fifth Third Bank. "The DTS system offers real-time analysis and solutions to businesses looking for ways to help simplify and improve their deposit processing, whether they have 10 stores or 10,000 stores."
Customers are able to track deposits as bags are prepared using online deposit tickets and then track packages as they are picked up by any armored carrier. Fifth Third Bank will process the deposits while providing statuses from receipt through verification with reasons for any adjustments.
Customers can view more than 40 different reports allowing corporate offices to track timeliness in deposit transactions, adjustments, employee performance, armored car performance and bank performance. All reports can be easily downloaded into a Microsoft Excel file for analysis and distribution.
As businesses look for banks to be more innovative in developing Treasury Management solutions, Fifth Third Bank delivers a consultative approach of working with Commercial Banking clients to help improve overall business operations. The DTS system is a component of an integrated receivables solution for cash, checks and cards designed to meet the needs of the retail sector. For more information about the Bank’s Treasury Management solutions, visit www.53.com/treasurymanagement.
Fifth Third Bancorp is a diversified financial services company headquartered in Cincinnati, Ohio. The Company has $110 billion in assets and operates 15 affiliates with 1,316 full-service Banking Centers, including 103 Bank Mart® locations open seven days a week inside select grocery stores and 2,444 ATMs in Ohio, Kentucky, Indiana, Michigan, Illinois, Florida, Tennessee, West Virginia, Pennsylvania, Missouri, Georgia and North Carolina. Fifth Third operates four main businesses: Commercial Banking, Branch Banking, Consumer Lending, and Investment Advisors. Fifth Third also has a 49% interest in Vantiv, LLC, formerly Fifth Third Processing Solutions, LLC. Fifth Third is among the largest money managers in the Midwest and, as of March 31, 2011, had $274 billion in assets under care, of which it managed $26 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® National Global Select Market under the symbol "FITB."
Fifth Third and Fifth Third Bank are registered service marks of Fifth Third Bancorp. Member FDIC