Tuesday, March 31, 2009
Fifth Third sells processing business
Downtown-based Fifth Third Bancorp has sold a 51 percent interest in its processing business to Advent International, a private equity firm, for $561 million, Fifth Third announced in a press release today.
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The processing business handles electronic transactions of ATM, credit and debit cards for retailers and other banks.
Fifth Third officials said jobs for the unit’s 1,400 employees, most of them local, would not be affected by the transaction...
Cincinnati.com: Fifth Third sells processing business
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The processing business handles electronic transactions of ATM, credit and debit cards for retailers and other banks.
Fifth Third officials said jobs for the unit’s 1,400 employees, most of them local, would not be affected by the transaction...
Cincinnati.com: Fifth Third sells processing business
Permalink posted by markw @ 3:54 AM 
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