Fifth Third Bank Launching New Mobile App for Commercial Cards
October 20 2015 - 2:21PM
Business Wire
Emphasis on real-time information makes account
management more convenient
At a time when nearly two thirds of the population own a
smartphone and access an average of 28 apps per month, valuable
apps that allow commercial card clients and their employees to
conduct business from these devices are lacking.
Fifth Third is launching a mobile app for commercial cardholders
that will allow access to information and account features in a
convenient, user-friendly format. In addition, cardholders
will be able to suspend and un-suspend card accounts and enable
push notifications to their mobile device.
"Consumers and businesses alike are demanding faster and more
convenient ways to access information and manage accounts,” said
Jimm Bell, senior vice president and director of card services for
Fifth Third Bank (NASDAQ: FITB). “Fifth Third’s commercial card
mobile app can improve the ease in which our commercial card
clients and their employees conduct business, allowing them to
focus more effort and time on driving results to their bottom
line.”
Among the features customers can access are real-time push
notifications important to commercial customers and their
employees:
- Real-time account information
regarding card activity and status (open, closed or suspended),
available credit, and account limit and balance information;
- Real-time transaction details,
including both pending and posted transactions – complete with
merchant detail, transaction and posted dates, and point-of-sale
data;
- Real-time fraud prevention, such
as the ability to quickly suspend and un-suspend a card in the
event it has been lost or stolen;
- Declined transaction
information, such as merchant and transaction details, and
decline reason, which allows cardholders to resolve with the
merchant or make the payment;
- Proactive card management,
including account statements and notices, payment due reminders,
card status changes and more.
Fifth Third’s Commercial Cardholder app joins Fifth Third’s
other commercial banking app, Fifth Third Direct mobile, which
launched earlier this year. Fifth Third Direct mobile provides
access to a host of administrative features and payment controls,
giving customers greater visibility into their accounts and
day-to-day business activities. Fifth Third Direct mobile is
currently available for download in the Apple Store and Google Play
Store. The Commercial card mobile app will be available in
November.
Mobile Internet data charges may apply, as well as text message
charges. Please contact your mobile service provider for
details.
Fifth Third Bancorp is a diversified financial services company
headquartered in Cincinnati, Ohio. The Company had $142 billion in
assets and operates 1,295 full-service Banking Centers, including
99 Bank Mart® locations, most open seven days a week, inside select
grocery stores and 2,650 ATMs in Ohio, Kentucky, Indiana, Michigan,
Illinois, Florida, Tennessee, West Virginia, Pennsylvania,
Missouri, Georgia and North Carolina. Fifth Third operates four
main businesses: Commercial Banking, Branch Banking, Consumer
Lending, and Investment Advisors. Fifth Third is among the largest
money managers in the Midwest and, as of September 30, 2015, had
$297 billion in assets under care, of which it managed $25 billion
for individuals, corporations and not-for-profit organizations.
Investor information and press releases can be viewed at
www.53.com. Fifth Third’s common stock is traded on the NASDAQ®
Global Select Market under the symbol “FITB.” Fifth Third Bank was
established in 1858. Member FDIC.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20151020006674/en/
Fifth Third BancorpSean Parker, 513-534-6791
Fifth Third Bancorp (NASDAQ:FITB)
Historical Stock Chart
From Mar 2024 to Apr 2024
Fifth Third Bancorp (NASDAQ:FITB)
Historical Stock Chart
From Apr 2023 to Apr 2024