Fifth Third Bank news and trends

Fifth Third Bank and CRF Launch Fund for Small Businesses
Partnerships // October 30, 2024

Ohio-based Fifth Third Bank and Community Reinvestment Fund, USA (CRF) have partnered to expand the availability of capital to small businesses in the 11 states served by the bank. The Small Business Catalyst Fund enabled by this partnership has been launched with a $7.85 million...

Software, Not Spreadsheets, Solves Healthcare’s Cash Flow Bottlenecks
Healthcare // October 24, 2024

For smaller healthcare providers, manual processes dominate the back office — and when it comes to reconciling remittances with deposits, pain points emerge that rival any sprain or bruise. Cash flows suffer. Productivity suffers too, because staff are so intricately involved in maintaining and updating...

Halfway Through: 3 Things We’ve Learned From PYMNTS B2B Month
B2B Payments // October 18, 2024

It’s been a busy October at PYMNTS. The monthlong event, B2B Payments: Outlook 2030, has been putting an exclamation point on the fact that B2B payments are transforming. The first week of the Outlook 2030 event centered on how platform and network models are impacting...

Fifth Third Bancorp Sees 10% Jump in Commercial Payment Business
Earnings // October 18, 2024

Fifth Third Bancorp continues to see positive results from its commercial payments operation. The Ohio-based lender reported third-quarter earnings Friday (Oct. 18) showing revenues from that business up 10% year over year, with embedded payments solution Newline “adding industry leaders to its customer base,” as...

Interviews & Exclusives
Interview: Why Cutting Paper in Healthcare Will Speed Patient Payments

November 01, 2024
Though it’s a truism that the world’s become more digitized — Venmo, PayPal, and Cash App are all staples of everyday life while we bank online, order online, and stream movies — healthcare has lagged a bit. Which is not to say the sector has not digitized to some extent: Most providers offer patients the […]

Software, Not Spreadsheets, Solves Healthcare’s Cash Flow Bottlenecks

October 24, 2024
For smaller healthcare providers, manual processes dominate the back office — and when it comes to reconciling remittances with deposits, pain points emerge that rival any sprain or bruise. Cash...

Update: How Digital Payments and Data Are Flipping the Script for Healthcare Payables

October 17, 2024
Doctor visits and medical bills are a fact of life. But occasionally the payments tables are turned in favor of the patient in the form of refunds or disbursements. It’s...

Healthcare Providers Turn to Digital Payments to Cut Billing Complexities

October 09, 2024
Every pain point has a source, and identifying the source can be the key to finding its cure. Within the healthcare sector especially, many of the longest-standing pain points for...

Quick Reads
Fifth Third Bank and CRF Launch Fund for Small Businesses

October 30, 2024
Ohio-based Fifth Third Bank and Community Reinvestment Fund, USA (CRF) have partnered to expand the availability of capital to small businesses in the 11 states served by the bank. The Small Business Catalyst Fund enabled by this partnership has been launched with a $7.85 million investment, the organizations said in a Wednesday (Oct. 30) press […]

Fifth Third Bancorp Sees 10% Jump in Commercial Payment Business

October 18, 2024
Fifth Third Bancorp continues to see positive results from its commercial payments operation. The Ohio-based lender reported third-quarter earnings Friday (Oct. 18) showing revenues from that business up 10% year...

Fifth Third Debuts Tools to Ease Bank-Switching

July 11, 2024
Fifth Third Bank says it has introduced tools to make changing financial institutions easier. “Switching banks has historically been stressful — scheduling an appointment at a bank to fill out applications, figuring out...

Fifth Third Bank Fined $20 Million for Improper Auto Lending Practices

July 09, 2024
Fifth Third Bank must pay $20 million to resolve litigation in its auto lending practices. The settlement followed an investigation by the Consumer Financial Protection Bureau, which accused the bank...