Fifth Third Processing Solutions LLC has signed credit card processing agreements with Education First Credit Union and USA One Credit Union, the Cincinnati-based company announced Jan. 3.
Education First of Columbus, Ohio, is working with Fifth Third’s portfolio-consulting team to pinpoint ways to grow its $6 million card program, Fifth Third said in a press release. The credit union has 18,600 members and two branches in Columbus.
USA One of Matteson, Ill., is planning to beef up its program with Fifth Third’s marketing promotions to land new cardholders and increase card use. The credit union has 9,000 members in the Chicago area.
The credit unions will have access to tools for managing daily monetary adjustments, such as fees, balance transfers and cardholder account updates, and online reporting capabilities.
Fifth Third, a joint venture of banking company Fifth Third Bancorp and private equity firm Advent International Corp., processes more than 33.3 billion ATM and point-of-sale transactions and has more than $344 billion in debit and credit card sales volume annually. It serves more than 180,000 merchant and financial-institution locations and 11,000 ATMs in 44 states and 11 countries.
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