CINCINNATI, Dec. 21, 2010 /PRNewswire/ -- Fifth Third Processing Solutions is pleased to announce that two Colorado based financial institutions have signed processing contracts for ATM and debit card transaction processing, fraud protection and monitoring and debit marketing.
Legacy Bank, now headquartered in Wiley, Colorado, offers the services of a modern financial institution while maintaining the integrity of a community bank where decisions are made locally. Originally named The State Bank of Wiley, Legacy Bank is led by the third and fourth generations of family who founded the bank in 1907. Today, with more than $201 million in assets they serve customers from seven locations and offer five ATMs. Learn more at www.legacyib.com.
"Fifth Third Processing Solutions offers great expertise on the ever changing payments processing industry," commented Dave Esgar, President and CEO, Legacy Bank. "We were familiar with the Company through our association at IBC and were impressed with their technical knowledge and practical fee structure and commitment to delivering industry leading solutions."
Champion Bank, headquartered in Parker, Colorado, offers personal, business, and real estate banking services to the community. Known for "Banking the way it used to be," Champion Bank has in excess of $97 million in assets and operates from one location in Parker with one ATM. Learn more at www.thechampionbank.com.
"We are very excited about gaining the industry knowledge of Fifth Third Processing Solutions that will help us develop and refine our competitive product offerings," said Valerie Holden, Senior Vice President, Champion Bank.
Both Legacy Bank and Champion Bank are members of the Independent Bankers of Colorado (IBC) non-profit organization for which Fifth Third Processing Solutions is a Preferred Partner. According to Barbara Walker, Director, IBC, "One of the benefits of IBC is to introduce our Preferred Partners to our member banks. We are extremely pleased to see Fifth Third Processing Solutions partner with these two outstanding financial institutions."
"Fifth Third Processing Solutions is committed to providing our partners with the innovative, secure solutions available and we are extremely pleased to have been chosen by these two financial institutions to provide processing services," commented Royal Cole, President, Financial Institution Services at Fifth Third Processing Solutions. "Furthermore, our company has enjoyed a very close and proactive partnership with the IBC for more than a decade. For more than 40 years Fifth Third Processing Solutions has supported complex payment strategies with a full range of payment processing services to the largest and smallest clients alike."
Fifth Third Processing Solutions' product suite includes ATM terminal driving and monitoring, ATM and debit card transaction authorization and processing, credit issuing and processing services, national and regional gateway services, comprehensive ancillary services including fraud detection, card production, rewards programs and other consultative services.
The Mission of the Independent Bankers of Colorado is to enhance and promote strong, profitable, independent community banks; advance common legislative and regulatory concerns; provide a forum that promotes ideas, relationships and communication of common objectives. The non-profit organization has a mission to serve and promote the communities throughout Colorado. Learn more at www.ibcbanks.org.
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 (Nasdaq: 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 33.3 billion ATM and point of sale transactions and over $344 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 180,000 merchant and financial institution locations and 11,000 ATMs in 44 states and 11 countries. According to the Nilson Report (March 2010), the Company is the third largest U.S. merchant transaction acquirer. Learn more at www.FTPSLLC.com.
SOURCE Fifth Third Processing Solutions