Fifth Third wins MoneyPass processing contract
Genpass, Inc., manager of the MoneyPass EFT Network - the nation's fastest-growing surcharge-free network and second largest ATM driver in the U.S. announced today that Fifth Third Processing Solutions has signed an agreement to process MoneyPass transactions for its financial institution customers.
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Fifth Third Processing Solutions is a division of Fifth Third Bankcorp, of Cincinnati, Ohio, providing debit card processing and ATM terminal driving, along with other financial services.
"We are very pleased to reach agreement with Fifth Third Processing Solutions to accommodate the numerous requests from their financial institution customers to process MoneyPass transactions," stated Douglas Anderson, president of the MoneyPass surcharge-free ATM network. "Fifth Third is one of several major financial institution processors with whom we are developing processing solutions at the request of customers," continued Anderson. "We have literally hundreds of financial institutions who are just awaiting the link with their processors to begin bringing the benefits of a national surcharge-free network to their customers."