Under the agreement, Fifth Third Bank will continue its partnership with MasterCard, issuing Credit and Debit MasterCard cards for both consumers and corporations.

"By extending the MasterCard relationship, Fifth Third Bank cardholders will continue to have access to reliable payment card products that are accepted all over the world," said Charles Drucker, president, Fifth Third Processing Solutions. "We are committed to offering industry-leading payment solutions that deliver real value to our customers."

Fifth Third, holding $119 billion in assets, and operating 16 affiliates with 1,311 full-service banking centers in the U.S., has been issuing MasterCard products since 1980.

"We value our long-standing partnership with Fifth Third Bank and look forward to helping them further grow their payment card business through innovative product offerings and valuable cardholder insights," said Chris McWilton, president, U.S. Markets, MasterCard Worldwide. "With MasterCard, Fifth Third Bank is well-positioned to meet the evolving payment demands of today's consumers and corporations."