KEMBA Roanoke Federal Credit Union Signs with Fifth Third Processing Solutions11 April 2005
"Fifth Third Processing Solutions was able to aggregate all of our ATM and Debit card production, processing and on-going transaction support into its one-stop shop," said Woody Windley, CPA, Operations Manager, KEMBA Roanoke Federal Credit Union. "We are excited to partner with the Processing Solutions team, and for our customers to benefit from Fifth Third’s reputable strength and stability."
Fifth Third Bank Senior Vice President Paul Brunner, adds, "Fifth Third is pleased to chosen as KEMBA’s strategic business partner. Our tools and services will provide KEMBA with increased processing capabilities and efficiency needed to compete as a full-service financial institution."
Fifth Third Bank Processing Solutions processes over 12 billion ATM and POS transactions per year for more than 1,350 financial institutions and over 135,000 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 $100 billion in credit card sales. According to The Nilson Report ( April 2004 ), 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 $94.5 billion in assets, operates 17 affiliates with 1,092 full-service Banking Centers, including 129 Bank Mart® locations open seven days a week inside select grocery stores and 1,988 Jeanie® ATMs in Ohio, Kentucky, Indiana, Michigan, Illinois, Florida, Tennessee, West Virginia and Pennsylvania. The financial strength of Fifth Third’s Ohio and Michigan banks continues to be recognized by rating agencies with deposit ratings of AA- and Aa1 from Standard & Poor’s and Moody’s, respectively. Additionally, Fifth Third Bancorp continues to maintain among the highest short-term ratings available at A-1 and Prime-1 and is recognized by Moody’s with one of the highest senior debt ratings for any U.S. bank holding company of Aa2. Fifth Third operates four main businesses: Retail, Commercial, Investment Advisors and Fifth Third Processing Solutions. Investor information and press releases can be viewed at www.53.com. Fifth Third’s common stock is traded through the NASDAQ® National Market System under the symbol "FITB." Member FDIC.
Contact:
Stephanie L. Hagen
513.534.6957
Source:
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