Fifth Third Processing Solutions, a subsidiary of Fifth ThirdBancorp and the new owner of TNB Card Solutions, has expanded itsprepaid card processing capability.
|The firm acquired Springbok Services, a Colorado-based firm witha reloadable prepaid card processing platform.
|The move will allow Fifth Third to start offering itsparticipating credit unions Visa and MasterCard branded prepaidcards, gift cards, payroll cards and loyalty programs.
|"We are fully committed to helping our clients differentiatethemselves from their competitors by delivering the technologysolutions they need to grow their businesses," said CharlesDrucker, CEO of Fifth Third Processing Solutions.
|"This acquisition is especially exciting because it furthercomplements our existing product offerings and enables us to offerour clients a reloadable prepaid program that utilizes aconsolidated transaction infrastructure, which will help them toholistically maximize efficiencies across their company."
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