FIS (NYSE:FIS), the world's largest provider of banking and payments technology, today announced that Fifth Third Bank has deployed Payment Manager, FIS' industry-leading online bill payment and money movement solution, across its online retail channel.
Payment Manager provides Fifth Third Bank with a comprehensive online bill payment solution, one that supplies the flexibility and enhanced functionality required to meet its requirements for an improved digital customer experience. In deploying Payment Manager, Fifth Third Bank is able to provide its customers with enhanced functionality including eBills, electronic delivery of bill payments, balance worksheets for tracking funds and money movement features such as expedited payments. In addition, Payment Manager simplifies the process of bill payment for new users encouraging adoption of the service, while still providing the level of service expected by advanced users. Payment Manager is a leading online bill payment and money movement offering. FIS continues to lead the migration to more complete offerings as online bill payment evolves into a more comprehensive money movement offering.
Founded in 1858, Cincinnati-based Fifth Third Bank serves customers in 12 states through more than 1,300 locations. With assets of $115 billion, Fifth Third Bank has received numerous accolades, including being named one of the world's strongest banks by Bloomberg Markets magazine in May 2011. Fifth Third Bank was the highest ranking of only three U.S. banks to make the top 20.
"After a thorough evaluation of potential solutions, we selected FIS and the Payment Manager platform for our online bill payment needs," said Larry McClanahan, vice president, director of Digital Delivery for Fifth Third Bank. "Payment Manager's expansive functionality and flexible capabilities provide us with an opportunity to promote and grow money movement within the digital online channel - which is clearly aligned with our goal for online bill payment adoption growth."
"Fifth Third Bank's deployment of FIS' Payment Manager platform is a testament to the comprehensive breadth and capabilities of the solution," said Frank D'Angelo, executive vice president, FIS' Payment Solutions Group. "As a top financial institution, Fifth Third Bank requires the ability to serve a broad customer base while continuing to find new and innovative ways to attract and retain new customers. With Payment Manager's modern user interface and deep integration with online banking, Fifth Third Bank will provide complete money movement capabilities while utilizing the latest platform technology to deliver superior performance to its clients."