Introducing Fifth Third Processing Solutions eCommerce Plus™
Cincinnati, Ohio, March 22, 2011 – Fifth Third Processing Solutions is pleased to announce the introduction of its eCommerce Plus, a technology platform which allows online merchants to securely transact with authenticated payments and alternative payment brands. Along with traditional credit card acceptance, merchants can now offer customers multiple payment options such as PayPal™, Checkout by Amazon, Google Checkout™, and more, through one easily deployable interface.
Fifth Third Processing Solutions has partnered with CardinalCommerce Corporation, the world’s leading provider of payment brands, for alternative payments acceptance within the Fifth Third Processing Solutions eCommerce Plus technology.
As consumer usage of alternative payment brands continues to grow year-over-year, merchants using Fifth Third Processing Solutions eCommerce Plus will now have the ability to quickly and easily accept alternative payment brands in order to drive conversion through these secure, familiar-to-consumer checkout processes. “Cardinal is excited to work with Fifth Third Processing Solutions to offer its eCommerce Plus merchants all of the benefits of alternative payment brands,” said Michael A. Keresman, III, Chief Executive Officer, CardinalCommerce. “As a company that has seen the development and rising acceptance of alternative payment brands firsthand, we are proud to be part of a technology to help online merchants grow quickly, by capturing the most business possible.”
“Bringing innovative solutions to our merchant customers is a key focus of Fifth Third Processing Solutions’ business strategy. Our eCommerce Plus solution exemplifies our commitment to that innovation,” said Bill Weingart, Chief Product Officer, Fifth Third Processing Solutions. “With a partner like CardinalCommerce, we are able to adapt to new payment methods and deliver the functionality to our customers in rapid fashion.”
About CardinalCommerce Corporation
CardinalCommerce Corporation is the global leader in enabling authenticated payments, secure transactions and alternative payment brands for both eCommerce and mobile commerce.
The Cardinal Centinel® software platform enables payment brands, such as Verified by Visa, MasterCard® SecureCode™, Amazon Payments™, Bill2Phone™, Bill Me Later®, ClickandBuy®, Cred-Ex®, Ebates™, eBillme™, eLayaway™, Google™ Checkout, Green Dot® MoneyPak®, Mazooma™, Moneybookers, MyECheck, NACHA® Secure Vault Payments (SVP), NYCE® SafeDebit™, OneTouch Online Purchasing™, Paymate, PayPal™, paysafecard, RevolutionCard™, Rialto Pay℠, SafetyPay™, TeleCheck®, and Ukash™ , to a network of thousands of merchants and merchant service providers.
The Cardinal MAX™ mobile platform provides retailers, financial institutions and processors the ability to extend traditional commerce, marketing and banking into the mobile channel. Cardinal MAX™ Customers are able to safely and securely conduct business in the mobile space via SMS, mobile internet and mobile applications.
Cardinal’s 2IDENTIFI™ Platform enables a Financial Institution to authenticate Customers, for eCommerce and mobile transactions using Verified by Visa or MasterCard SecureCode, or for secure access to online banking applications. The complimentary 2IDmobile™ solution enables a customer’s mobile phone to become a token, creating a strong dynamic one-time use number for authentication, or can deliver the dynamic one-time number. CardinalCommerce is headquartered in Cleveland, Ohio. With facilities in the United States, Europe and Africa, Cardinal services a worldwide Customer base.
About Fifth Third Processing Solutions, LLC
Fifth Third Processing Solutions, LLC delivers innovative payment transaction processing and acceptance solutions to create and support complex payment strategies for merchants, businesses, and financial institutions around the world. A pioneer in card payment acceptance in the early 1970s, Fifth Third Processing Solutions is headquartered in Cincinnati, Ohio, and is a joint venture with Advent International and Fifth Third Bank, a subsidiary of Fifth Third Bancorp (FITB).
As a premier full service payment solutions provider, the Company provides servicing solutions and product engineering for financial institutions’ and retailers’ credit card, debit card, merchant and private label programs, processing over 11.4 billion ATM and point of sale transactions and over $378 billion in debit and credit card sales volume annually. Its subsidiary, NPC, is the largest provider of payment processing services exclusively focused on the small-to-medium merchant processing market. The Company supports over 408,000 merchant and financial institution locations and 11,000 ATMs in 44 states and 8 countries. According to the Nilson Report (March 2011), the Company is the third largest U.S. merchant transaction acquirer. Learn more at www.FTPSLLC.com.