Fifth Third Bank Joins Zelle Network℠
13 June 2017 - 11:28PM
Business Wire
Offers Safe, Fast and Simple Person-to-Person
Payments
Fifth Third Bank (Nasdaq: FITB) launches safe, fast and simple
person-to-person (P2P) payments this month, incorporating the
benefits and features of Zelle℠, a
revolutionary new P2P service from Early Warning. Beginning June
23, customers using the Fifth Third Mobile Banking app can send and
receive real-time payments for free using the recipient’s
registered mobile number or email address.
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Fifth Third Bank (Nasdaq: FITB) launches
safe, fast and simple person-to-person (P2P) payments this month,
incorporating the benefits and features of Zelle℠, a revolutionary
new P2P service from Early Warning. Beginning June 23, customers
using the Fifth Third Mobile Banking app can send and receive
real-time payments for free using the recipient’s registered mobile
number or email address. (Photo: Business Wire)
“Fifth Third is excited to be one of the first banks to extend
its digital P2P capabilities with Zelle,” said Greg Carmichael,
president and CEO of Fifth Third Bancorp. “Adding the Zelle fast
and secure features to our award-winning mobile app gives our
customers new freedom to bank when they want and how they
want.”
The P2P payment marketplace experienced dramatic growth in 2016,
reaching one-third of Americans and totaling nearly $500 billion in
transactions. Beginning this month, and continuing on a rolling
basis over the next 12 months, Zelle will become available in the
mobile banking apps of more than 30 participating financial
institutions.
“Customers want their payments to be fast and simple,” said
Melissa Stevens, Fifth Third’s chief digital officer and head of
omnichannel banking. “We aim to meet customers where they are and
integrate seamless and meaningful features for our customers. Zelle
offers great P2P service by giving our customers the features they
want without requiring them to leave the security of Fifth Third’s
app or internet banking site.”
“They don’t want to use a different app or have to remember a
separate set of passwords. Zelle offers the solution by giving
customers the features they want without requiring them to leave
the security of Fifth Third’s app.”
Accessing Zelle through Fifth Third is free and makes it easy to
pay others – whether dividing the cost of dinner or paying rent on
an apartment. When sending money, users can add a short message
(including emojis) and set alerts to keep track of their
transactions. Fifth Third also will offer the ability to use
voice-enabled functions to make Zelle payments.
“The addition of Fifth Third represents a significant milestone
as Early Warning continues to expand the Zelle Network, making
fast, safe payments accessible to almost anyone nationwide,” said
Lou Anne Alexander, group president, Payments at Early Warning.
“Fifth Third is a leader in innovation, and Earning Warning is
pleased to work together to provide Fifth Third customers with
access to fast P2P payments through Zelle.”
*Mobile Internet data charges may apply as well as text
messaging charges. 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 March 31, 2017, the
Company had $140 billion in assets and operated 1,155 full-service
Banking Centers and 2,471 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. As of March 31, 2017, Fifth Third also had
a 17.8 percent interest in Vantiv Holding, LLC. Fifth Third is
among the largest money managers in the Midwest and, as of March
31, 2017, had $323 billion in assets under care, of which it
managed $33 billion for individuals, corporations and
not-for-profit organizations through its Trust, Brokerage and
Insurance businesses. 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/20170613005867/en/
Fifth Third BankLaura Trujillo,
513-534-4361Laura.trujillo@53.com
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