COLUMBUS, Ga.--(BUSINESS WIRE)--TSYS announced today that Fifth Third Bank has extended its payments services agreement through a multi-year contract renewal. The renewal includes the processing of Fifth Third Bank’s consumer and commercial credit card portfolios. “TSYS has been a valued partner of Fifth Third for more than a decade,” said Jon Groch, Fifth Third Bank director of Bankcard Services. “The company’s TS2 platform has enabled us to consistently deliver the broad range of products with increased flexibility and superior service that our customers have grown to expect from Fifth Third Bank.”
“It is exciting for us to work with an institution such as Fifth Third, whose spirit of innovation contributes to its highly-regarded reputation in the payments industry,” said M. Troy Woods, president and chief operating officer of TSYS. “It understands the power of our solutions and the extent of our team’s dedication to helping them deliver card programs designed to meet their customers’ needs.” Terms of the multi-year agreement were not released.
About Fifth Third
Fifth Third Bancorp is a diversified financial services company headquartered in Cincinnati, Ohio. The Company has $111 billion in assets, operates 16 affiliates with 1,309 full-service Banking Centers, including 103 Bank Mart® locations open seven days a week inside select grocery stores and 2,357 ATMs in Ohio, Kentucky, Indiana, Michigan, Illinois, Florida, Tennessee, West Virginia, Pennsylvania, Missouri, Georgia and North Carolina. Fifth Third operates four main businesses: Commercial Banking, Branch Banking, Consumer Lending, and Investment Advisors. Fifth Third also has a 49% interest in Fifth Third Processing Solutions, LLC. Fifth Third is among the largest money managers in the Midwest and, as of September 30, 2009, has $184 billion in assets under care, of which it managed $25 billion for individuals, corporations and not-for-profit organizations. Investor information and press releases can be viewed at www.53.com. Fifth Third's common stock is traded on the NASDAQ® National Global Select Market under the symbol "FITB." Member FDIC.
About TSYS
TSYS (NYSE: TSS) is one of the world’s largest companies for outsourced payment services, offering a broad range of issuer- and acquirer-processing technologies that support consumer-finance, credit, debit, healthcare, loyalty and prepaid services for financial institutions and retail companies in the Americas, EMEA and Asia-Pacific regions. For more information contact news@tsys.com or log on to www.tsys.com. TSYS routinely posts all important information on its website.
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