VSCHOOLZ Selects Fifth Third Processing Solutions for Card Acceptance Solutions

Jun 22, 2010, 09:00 ET from Fifth Third Processing Solutions

JUPITER, Fla., June 22 /PRNewswire/ -- Through a new strategic relationship, VSCHOOLZ, Inc will integrate Fifth Third Processing Solutions' premier card acceptance services into their Complete Digital School System as the preferred e-commerce solution. The agreement between the two companies will provide a streamlined and simplified merchant account application process giving the K-12 schools an easy transition into the virtual school market.

VSCHOOLZ has the only fully integrated and accredited K12 platform and curriculum in America. Fifth Third Processing Solutions is a well established merchant processor for both private and public education and became a natural choice for the VSCHOOLZ, "Virtual School-in-a-Box" solution.

"By leading the next generation of virtual education, we have attracted the attention of other industry giants. Fifth Third Processing Solutions offered to work with us in providing preferred rates and their impeccable customer service for all VSCHOOLZ clients," said VSCHOOLZ President Steve Miller.

Shortly after VSCHOOLZ was designated the preferred platform and core curriculum provider for the national online Catholic School System known as CSK12 Virtual, Fifth Third Processing Solutions seized the opportunity to expand market share for both organizations by creating the strategic alliance that would benefit education.

Miller went on to say, "Our new vision for online public education includes reaching out to critically cash strapped districts and failing private schools with a cost cutting platform and curriculum that allows each school to tailor the system to their specific characteristics, teacher qualities and diverse students." VSCHOOLZ provides solutions to Public, Private, Catholic and Charter schools as well as home-schooled students worldwide.

For more information please visit www.vschoolz.com.

"We value these preferred provider relationships and are pleased to expand our relationship with VSCHOOLZ," said Donald Boeding, President, Merchant Services at Fifth Third Processing Solutions. "We are confident that our best-in-class processing will allow VSCHOOLZ to deliver on their commitment to assist their clients with a quality card acceptance solutions. We look forward to working with and providing services to their valued schools."

About Fifth Third Processing Solutions

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 33.3 billion ATM and point of sale transactions and over $315.5 billion in debit and credit card sales volume annually. 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 purchase transaction acquirer. Learn more at www.FTPSLLC.com.

SOURCE Fifth Third Processing Solutions