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March 9, 2023

On the web

Fifth Third Announces Acquisition of Big Data Healthcare, a Payments Company Serving National Health Systems, Physicians


"Fifth Third Bancorp announced a definitive agreement to acquire Big Data Healthcare, a technology solutions provider for healthcare payments and remittance. This transaction adds national healthcare revenue cycle capabilities, addressing the complex and complicated needs of clients, while building on Fifth Third’s legacy of digital innovation and focus on the healthcare sector."

January 9, 2023

On the wires

Fifth Third Bank Announces Early Pay for Federal Tax Refunds, up to 5 Days Early


"To ensure its customers have access to their own money as soon as possible, Fifth Third Bank, National Association, today announced that it will have the ability to provide customers with their federal tax refund up to five days earlier. According to the IRS, 9 out of 10 consumers who file electronically and who choose to receive their refund by direct deposit get their money in less than 21 days. That means Fifth Third Momentum® Checking Customers can use Fifth Third’s Early Pay1 to receive their tax refund in 16 or less days. This free feature will be available in late January."

May 3, 2022

On the wires

An Industry First: Nuvei Brings Real-Time Deposits to U.S. iGaming


“Nuvei Corporation, tomorrow’s payment platform, announces today that it has joined with Fifth Third Bank, National Association, to bring real-time deposits to the U.S. sports betting and iGaming industries. In a first for the industry, the rollout, which will become available for all Nuvei partners through its open banking platform in North America, enables merchants to receive instant real-time deposits. Unlike traditional deposits across the ACH Network payment system, which can take days to settle, real-time deposits move from a player’s bank account to a merchant’s bank account by leveraging the Request for Payment feature available on the RTPⓇ network, the real-time payments network from The Clearing House. The “good funds” model reduces fraud, and lowers insufficient funds risk. Operators benefit from receiving a positive confirmation status to confirm successful deposits, improving market credibility and trust.”

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