Fifth Third Bancorp Acquires CardsProcessor
CINCINNATI - (01/25/06) Fifth Third Bancorp continuedto expand its third-party processing Tuesday with a deal to acquireCard Management Corp., an Evansville, Ind., cards processor. CMC,which will become part of Fifth Third Processing Solutions,provides a variety of cards services to financial institutions andoperates a contact center in Tucson, Ariz. The deal comes two weeksafter Fifth Third signed with Credit Union 24 to do theirtransactions processing. Terms of the deal were notdisclosed.