18 August 2017
Find out more

Fifth Third wins Sovereign Bank payment processing contract

24 February 2004  |  1218 views  |  0

Sovereign Bank (NYSE:SOV) has chosen Fifth Third's (NASDAQ:FITB) electronic payment processing division, Fifth Third Bank Processing Solutions, to provide electronic funds transfer services, including network gateway access and ATM driving for nearly 1,000 Sovereign ATMs.

Sovereign Bank is one of the top 25 largest banking institutions in the United States, with approximately 535 community banking offices and about 8,400 team members in Pennsylvania, New Jersey, Connecticut, New Hampshire, New York, Rhode Island and Massachusetts.

"Fifth Third Bank Processing Solutions appealed to us for many reasons. They have a comprehensive set of technological capabilities, their sales and relationship management is making the conversion process efficient and their wide variety of products and services make me confident this will be a prosperous partnership," said Paul Waters, Executive Director of Transaction Services, Sovereign Bank.

"Fifth Third Bank Processing Solutions has the technology and stability to take Sovereign Bank's electronic payment processing to the next level," said Robert A. Sullivan, Executive Vice President, Fifth Third Bank. "Sovereign Bank is one of the nation's largest financial institutions - and one of the fastest growing. We are looking forward to a long, successful relationship and we consider it a great honor to have the opportunity to work with the company and provide the best electronic transaction processing available."

Comments: (0)

Comment on this story (membership required)

Related company news


Related blogs

Create a blog about this story (membership required)
visit www.dorsum.euvisit www.worldpaymentsreport.comvisit www.niceactimize.com

Top topics

Most viewed Most shared
Mobile contactless spending accelerating in UKMobile contactless spending accelerating i...
7566 views comments | 22 tweets | 23 linkedin
Norwegian banks and startups form fintech clusterNorwegian banks and startups form fintech...
7270 views comments | 19 tweets | 23 linkedin
hands typing furiouslyWhy Blockchain Might Not Be The Future For...
6006 views 1 | 5 tweets | 3 linkedin
RBS to bring Silicon Valley to EdinburghRBS to bring Silicon Valley to Edinburgh
5939 views comments | 10 tweets | 7 linkedin
Apple sidelined as Beijing transit system launches payments appApple sidelined as Beijing transit system...
5832 views comments | 11 tweets | 9 linkedin