Two National Merchants Choose Fifth Third Processing Solutions
O'Charley's Inc. and Old Time Pottery Sign for Card Processing Services
CINCINNATI, Feb. 11 /PRNewswire-FirstCall/ -- Fifth Third Processing
Solutions is pleased to announce that O'Charley's Inc. and Old Time Pottery
have signed contracts for merchant processing services:
-- O'Charley's Inc., headquartered in Nashville, Tennessee, is a
multi-concept restaurant company that operates or franchises a total of 371
restaurants in 28 states under three brands: O'Charley's, Ninety Nine
Restaurant, and Stoney River Legendary Steaks. The Organization has signed
with Fifth Third for credit card processing.
-- Old Time Pottery opened its first low-cost warehouse style home decor
store in 1986 in Murfreesboro, Tennessee. The Company now has 38 stores
throughout the Southeast and Midwest and has signed with Fifth Third for
debit, credit and gift card processing.
"We are pleased to welcome these two new national clients," said Donald
Boeding, president of Merchant Services for Fifth Third Processing Solutions.
"These new partnerships underline Fifth Third's commitment to investing in the
people, technology and systems necessary to effectively support the payment
processing needs for a wide variety of businesses including traditional
retailers and restaurants such as these."
Fifth Third Processing Solutions processes over 28.4 billion ATM and POS
transactions per year for more than 2,900 financial institutions and over
169,000 retail locations worldwide, including the Armed Forces Financial
Network (AFFN), First Niagara Financial Group, Sovereign Bank, The Kroger Co.,
AutoZone, Abercrombie & Fitch and The Finish Line. Through its wholly owned
subsidiary, CMC, (www.cmcOne.com) Fifth Third also provides servicing
solutions and product engineering for financial institutions and retailers for
credit card, debit card, merchant and private label programs. Annually, Fifth
Third processes $191.6 billion in credit card sales. According to The Nilson
Report (March 2008), Fifth Third Bank is the fourth largest bankcard acquirer.
Fifth Third Bancorp (Nasdaq: FITB) is a diversified financial services
company headquartered in Cincinnati, Ohio. The Company has $120 billion in
assets, operates 16 affiliates with 1,307 full-service Banking Centers,
including 93 Bank Mart(R) locations open seven days a week inside select
grocery stores and 2,351 ATMs in Ohio, Kentucky, Indiana, Michigan, Illinois,
Florida, Tennessee, West Virginia, Pennsylvania, Missouri, Georgia and North
Carolina. Fifth Third operates five main businesses: Commercial Banking,
Branch Banking, Consumer Lending, Investment Advisors and Fifth Third
Processing Solutions. Fifth Third is among the largest money managers in the
Midwest and, as of December 31, 2008, has $179 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(R) National
Global Select Market under the symbol "FITB."