Fifth Third Processing Solutions, the third largest payments processor in the USA, has signed an agreement with Bling Nation that will allow its financial institution customers to provide Bling-based services to consumers as a turnkey solution.
Fifth Third Processing Solutions, the third largest payments processor in the US, is to provide Bling Nation's NFC-ready contactless sticker-based mobile payments solution as a turnkey offering to its financial institution customers across the US.
"Our clients rely on our processing expertise to offer solutions that further complement their existing financial service solutions," says Royal Cole, president of financial institution services at Fifth Third Processing Solutions. "We are excited to make this new technology available to them. We continue to identify and develop additional alternatives for our clients to differentiate and grow card products and penetration for the customers they serve."
"Not only can this solution help accomplish that and attract new customers, Bling Nation provides cardholders a new way to pay for merchandise," Cole continues.
"Fifth Third Processing Solutions lets us reach hundreds of financial institutions across the country, enabling us to expand our business quickly and allowing us to reach more consumers through a broad spectrum of potential partners," adds Meyer Malka, Bling Nation's co-CEO.
Bling Nation's technology is currently being used by small financial institutions in six US states and is undergoing extensive testing involving employees of PayPal and Facebook as well as other local consumers in the Palo Alto area of Silicon Valley.