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.

For reprint and licensing requests for this article, click here.
MORE FROM AMERICAN BANKER