Stephanie Honan, APR (513) 534-6957
Fifth Third Bank

News Release

 

Popmoney Person-to-Person Payments Now Available at Fifth Third Bank
Bank customers can send money using
recipient’s email address or mobile phone number

9/14/11

Cincinnati – Fifth Third Bank announced today the availability of Popmoney® person-to-person payments service. Popmoney allows customers to securely send money from their existing Fifth Third savings or checking account to anyone using the recipient’s email address, mobile phone number or bank account number. The service is provided by CashEdge, a leading provider of Intelligent Money Movement® solutions for financial institutions, and is available through Fifth Third’s online banking platform at www.53.com.

"This service complements Fifth Third’s existing online money management services and is the latest in person-to-person payment functionality," said Larry McClanahan, vice president and director of Digital Delivery for Fifth Third Bank. "We are excited to offer this convenient payment option that easily integrates into our customers’ existing Fifth Third Bank accounts."

Popmoney enables customers to send funds directly from Fifth Third Internet Banking without using checks or cash. More information may be found at www.53.com/popmoney.

"We continue to see consumer demand and behavior shift toward online and mobile person-to-person payment alternatives," said Neil Platt, executive vice president and general manager, Banking & Payments, for CashEdge. "We applaud Fifth Third Bank for stepping up to meet this new demand, and are pleased to work with them to provide the Bank’s customers with this secure and simple-to-use service."

Fifth Third Bancorp (NASDAQ: FITB) is a diversified financial services company headquartered in Cincinnati, Ohio. The Company has $111 billion in assets and operates 15 affiliates with 1,314 full-service Banking Centers, including 103 Bank Mart® locations open seven days a week inside select grocery stores and 2,432 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 June 30, 2011, had $276 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® Global Select Market under the symbol "FITB." Equal Housing Lender. Member FDIC.