Fifth Third Bank Offers Five Mobile Wallet Options
January 11 2017 - 8:00AM
Business Wire
Android Pay and Microsoft Wallet Added to
Further Enhance Consumer Choice
Fifth Third Bancorp (NASDAQ: FITB) is excited to be one of the
few U.S. banks to offer its customers the ability to use all five
major forms of mobile payments. These mobile wallets allow
customers to make in-store purchases from their eligible smartphone
devices at participating retailers.*
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Greg Carmichael, president and CEO of
Fifth Third Bancorp, said, "Fifth Third is pleased to be one of the
first banks to offer all five mobile payment options." (Photo:
Business Wire)
Fifth Third offers customers the option to make credit and debit
card payments via Apple Pay, Samsung Pay, MasterPass and the
recently added Android Pay and Microsoft Wallet.
“At a time when more consumers want to make mobile payments,
Fifth Third is pleased to be one of the first banks to offer all
five mobile payment options,” said Fifth Third Bancorp President
and CEO Greg Carmichael. “We are committed to providing secure and
convenient ways for our customers to bank when and how they
want.”
Americans made an estimated $27.67 billion in purchases on
smartphones in 2016, according to research firm eMarketer. That
amount, a 183-percent increase over 2015, is expected to double
again in 2017.
Fifth Third has seen the popularity of mobile payments grow
among its customers in the past few years. Since 2015, when Fifth
Third launched Apple Pay, mobile payments have increased by 133
percent among Fifth Third’s customers.
“Consumers are rapidly adopting mobile payments and we are
providing our customers with every option available on the market
today,” said Jimm Bell, director of Consumer and Small Business
Payments for Fifth Third Bancorp. “We want to make it simple and
secure for customers to pay with their phones.”
Security and privacy are at the core of each of these mobile
payment solutions. Each service uses advanced methods of payment
security, such as authorizing transactions with a one-time unique
dynamic security code or using a virtual account number to
represent account information.
*Mobile Internet data charges may apply. Contact your mobile
service provider for details.
About Fifth Third
Fifth Third Bancorp is a diversified financial services company
headquartered in Cincinnati, Ohio. As of September 30, 2016, the
Company had $143 billion in assets and operates 1,191 full-service
Banking Centers, including 94 Bank Mart® locations, most open seven
days a week, inside select grocery stores and 2,497 ATMs in Ohio,
Kentucky, Indiana, Michigan, Illinois, Florida, Tennessee, West
Virginia, Georgia and North Carolina. Fifth Third operates four
main businesses: Commercial Banking, Branch Banking, Consumer
Lending, and Wealth & Asset Management. Fifth Third also has an
18.3% interest in Vantiv Holding, LLC. Fifth Third is among the
largest money managers in the Midwest and, as of September 30,
2016, had $314 billion in assets under care, of which it managed
$27 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® Global Select Market under the symbol “FITB.” Fifth Third
Bank was established in 1858. Member FDIC, Equal Housing Lender
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version on businesswire.com: http://www.businesswire.com/news/home/20170111005168/en/
Fifth Third BancorpLaura Trujillo,
513-534-4361Laura.trujillo@53.com
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