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.
Fifth Third Bancorp
Sean Parker, 513-534-6791