CINCINNATI--(BUSINESS WIRE)--Fifth Third Bank (NASDAQ: FITB) announced today that its customers will have access to fast, simple and secure digital payments across devices. Fifth Third Masterpass, developed with Mastercard, enables customers to shop online, in app and now, in-store with Android devices.
“Fifth Third Bank is excited to offer Fifth Third Masterpass – one of the first bank digital wallets in the marketplace that allow in-store mobile payments and online check-out capabilities,” said Randy Koporc, head of Payments and Commerce Solutions for Fifth Third Bank. “By offering digital payment solutions, we are able to provide our customers safe and convenient ways to pay using their mobile device.”
From buying groceries to splitting the check and paying right at a restaurant table, Fifth Third Masterpass simplifies the checkout experience across a wide array of retailers. Fifth Third customers that use Android devices will be the first to use this service at more than one million contactless payment systems in the U.S. Fifth Third Masterpass is also accepted at hundreds of thousands of merchants for online and in-app payments.
Fifth Third Masterpass stores all payment information, including card details, shipping information and payment preferences in one convenient, secure place. It leverages the most advanced methods of payment security available today, including tokenization, which ensures information is protected.
To learn more about Fifth Third Masterpass, visit: www.53.com/masterpass
About Fifth Third Bank
Fifth Third Bancorp is a diversified financial services company headquartered in Cincinnati, Ohio. The Company has $142 billion in assets and operates 1,241 full-service Banking Centers, including 95 Bank Mart® locations, most open seven days a week, inside select grocery stores and over 2,500 ATMs in Ohio, Kentucky, Indiana, Michigan, Illinois, Florida, Tennessee, West Virginia, Pennsylvania, Georgia and North Carolina. Fifth Third operates four main businesses: Commercial Banking, Branch Banking, Consumer Lending, and Investment Advisors. 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 March 31, 2016, had $303 billion in assets under care, of which it managed $26 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.
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