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-Creates a new strategic partnership relationship to deliver premier electronic funds transfer solutions-
Cedar Park, Texas, June 1, 2010 – Integrated Bank Technology (IBT), a company that specializes in providing core processing, imaging software applications and an integrated suite of products and payments solutions for financial institutions throughout the United States, announced its selection of Fifth Third Processing Solutions as a Preferred Partner for electronic funds transfer (EFT) services. Fifth Third Processing Solutions, headquartered in Cincinnati, Ohio, is one of the payments industry’s oldest and largest electronic processors. Integrated Bank Technology will endorse Fifth Third Processing Solutions’ services to its financial institution clients.
This new relationship between Integrated Bank Technology and Fifth Third Processing Solutions affords numerous benefits to clients of both organizations, including preferred pricing for their core and EFT services. In addition, it affords operational efficiencies for financial institution customers and a high-level of integration for their transaction and card functions.
“We are pleased to be endorsed by Integrated Bank Technology,” said Royal Cole, President, Financial Institution Services at Fifth Third Processing Solutions. “Our organizations share the same philosophy; design and deliver innovative technology and back it with superior customer service,” “Integrated Bank Technology’s commitment to its customers’ growth and interests aligns perfectly with our focus on providing quality processing solutions designed to help our clients effectively compete in the increasingly competitive marketplace.”
Fifth Third Processing Solutions’ product suite includes ATM terminal driving and monitoring, ATM and debit card transaction authorization and processing, national and regional gateway services, comprehensive ancillary services including fraud detection, card production, Rewards! product, and other consultative services. Both companies are thrilled to be working with their mutual clients.
“We look for products, services and vendors that can assist our financial institution clients’ innovative delivery solutions,” said Mark Dittman, CEO, Integrated Bank Technology. “Our relationship with Fifth Third Processing Solutions is IBT’s commitment to excellence in providing robust solutions to its customers by integrating high quality services to those participating financial institutions. We look forward to a strong relationship with Fifth Third Processing Solutions.”
About Integrated Bank Technology
Cedar Park, Texas-based Integrated Bank Technology (IBT) specializes in providing core processing and imaging and Check 21 software applications under a single database for in-house and ASP environments for financial institutions across the country and provides 24/7 support services. The company focuses on innovation, showcased in Integrated Bank Environment (IBE), its flagship product. IBE is a robust software application with a single database that is designed to enhance a financial institution’s overall customer experience while making the cost of ownership affordable. For more information please visit our website at www.iBankTech.com.
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.
Lynn M. Rhoads
Sr. Vice President, Communications Director
513-534-7742
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www.ftpsllc.com
Mike Golebiowski
President of Integrated Bank Technology
512.616.1100 ext. 151
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www.ibanktech.net
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