Fifth Third Bank 2008 Annual Report Download - page 13

Download and view the complete annual report

Please find page 13 of the 2008 Fifth Third Bank annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 120

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120

fifth thirD bancorp 2008 annual report
fifth thirD bancorp 11 2008 annual report
FiFTh ThiRD
PROcESSing SOLUTiOnS
Delivering unmatcheD proDuct anD service coverage
Business Description
For over 30 years, Fifth Third Processing Solutions
has been a premier source of payment acceptance
services for leading businesses nationwide, providing
electronic funds transfer (EFT), debit, credit and
merchant transaction processing for the Bank and
its merchant and nancial institutions customers.
Fifth Third Processing Solutions provides its clients
with the highest quality transaction processing
solutions available through a complete global
payments solution. Our fully owned and operated
processing platforms, payment consultants, and
management and development teams continue to
create new technology to offer unmatched exibility
and customization in order to fulll our clients’
current and future needs. Fifth Third Processing
Solutions provides its clients with a one-point
connection to deliver fully redundant, end-to-end
credit, PIN debit, electronic funds transfer and gift
card/stored value processing. Fifth Third Processing
Solutions also manages Fifth Third’s debit and
credit card issuing businesses and operates the
Jeanie® ATM and point-of-sale networks.
Customer Focus
Fifth Third Processing Solutions operates three
primary businesses — Merchant Services, Financial
Institutions Services and Card Services. Fifth Third’s
Merchant Services Group provides card acceptance
solutions to the nation’s top retailers and businesses.
Our exible system architecture and processing
features are capable of meeting the requirements
of any business. In addition to acquiring solutions,
Fifth Third Processing Solutions offers exible
proprietary/private label programs, co-branding
programs and agent bank credit card programs.
Our Financial Institution and Card Services groups
combine to provide a complete global payments
solution delivered with a consultative approach.
Clients are offered a full array of capabilities
including correspondent banking services,
automated teller machine processing, network
gateway access, fraud and image services and
international banking.
Strategy
Fifth Third is able to leverage our signicant market
position and distribution capabilities to assist
existing franchise customers and gain new ones.
We are creating a more effective cross-selling and
product-bundling platform to strengthen current
customer relationships and capture the complete
processing business from new customers. We are
able to demonstrate exceptional value by levera-
ging our in-house expertise and working with clients
to help them efciently manage their merchant
and EFT businesses, while our scale enables us to
be highly price-competitive.

• $850 million total revenue
• 28.4 billion ATM and point of sale transactions
• $291.6 billion annual debit and credit card volume
• 51.5 million gift card transactions processed
• 49 million debit cards supported
• 169,400 merchant locations
• 11,000 automated teller machines supported in
43 states and 11 countries
• 3,000 financial institution clients
• 1,420 correspondent banking relationships