CINCINNATI, May 25 /PRNewswire/ -- CMC, the credit division of Fifth Third Processing Solutions, LLC is pleased to announce the renewal of five financial institution clients:
- CNH Capital, the financial services business of CNH Global N.V. (NYSE: CNH), a majority owned subsidiary of Fiat Group (FIA:MI), provides a comprehensive range of services, including wholesale and retail financing, leasing, insurance, asset management and revolving lines of credit, for the global marketplace. Building on more than 50 years' experience in the equipment finance industry, CNH Capital services a portfolio of more than $17 billion, helping customers through various wholly owned subsidiaries and joint ventures throughout North America, Latin America, Europe and Australia. More information about CNH Capital can be found at www.cnhcapital.com
- Kinecta Federal Credit Union is one of the nation's leading Credit Unions, with more than $4 billion in assets and serving 200,000 member/owners across the country. In 1940, Hughes Aircraft Employees Federal Credit Union (HAEFCU) was an idea born from a simple inconvenience: employees of the Hughes Aircraft Company were spending too much lunchtime driving downtown to handle their finances. HAEFCU changed their name to Kinecta Federal Credit Union inJuly 2001. www.kinecta.org
- NCMIC Finance Corporation (NFC) is a member of NCMIC Group, Inc. Founded in 1946 by a group of chiropractors; NCMIC Group is a diversified insurance and finance company. Through their two brands - NCMIC and Professional Solutions – they offer malpractice insurance, personal and business insurance, equipment leasing, credit card processing and a business credit card. Through its insurance operations, NCMIC insures more than 38,000 chiropractors. In addition to the chiropractic profession, they also offer products to dentists, medical doctors, lawyers, veterinarians, businesses and families. www.ncmicgroup.com
- Western Alliance Bancorporation is a bank holding company headquartered in Las Vegas and is the parent company of Bank of Nevada, First Independent Bank of Nevada, Alliance Bank of Arizona, Torrey Pines Bank, and Alta Alliance Bank. The company provides a full range of banking and related services to locally owned businesses, professional firms, real estate developers and investors, local non-profit organizations, high net worth individuals and other consumers through its subsidiary banks and financial services companies located in Nevada, Arizona, Colorado, and California.www.westernalliancebancorp.com
- Central Bank is a member of Central Bancompany which is a $9.3 billion, Missouri-based bank holding company with 13 full-service community banks and more than 225 locations in 66 communities serving consumers and businesses inMissouri, Kansas, Illinois and Oklahoma. Central Bancompany's family of banks and affiliates include Boone County National Bank, Central Bank, Central Bank of Lake of the Ozarks, City Bank and Trust, Empire Bank, First Central Bank, First National Bank of Audrain County, First National Bank of St. Louis, Jefferson Bank, Metcalf Bank, ONB Bank, Ozark Mountain Bank, and Third National Bank. Affiliate companies include Central Trust and Investment Company, Central Technology Services and Central Mortgage Company. Forbes recognized Central Bancompany as one of America's top 10 best performing banks in a review of the nation's 100 largest financial institutions. Central Bancompany, a Missouri-based bank holding company, ranked number eight. www.centralbank.net
"We have a great deal of confidence in CMC, which is why we have worked with them for many years," said Al Stonum, Bankcard Director at Central Bank. "They consistently deliver quality servicing solutions, while providing tremendous leadership and growth strategies for our portfolio."
"We are extremely pleased that these five long-term clients have renewed their partnership agreements with us," said Royal Cole, President, Financial Institution Services at Fifth Third Processing Solutions. "I believe this is indicative of their confidence in our ability to provide solutions for today with strategies in place for tomorrow. We are very pleased to partner with these fine institutions."
Fifth Third Processing Solutions, LLC delivers innovative payment transaction processing and acceptance solutions to create and support complex payment strategies for merchants, businesses, and financial institutions around the world. A pioneer in card payment acceptance in the early 1970s, Fifth Third Processing Solutions is headquartered in Cincinnati, Ohio and is a joint venture with Advent International and Fifth Third Bank, a subsidiary of Fifth Third Bancorp (Nasdaq: FITB)
As a premier full service payment solutions provider, the Company provides servicing solutions and product engineering for financial institutions’ and retailers’ credit card, debit card, merchant and private label programs processing over 33.3 billion ATM and point of sale transactions and over $315.5 billion in debit and credit card sales volume annually. The Company supports over 180,000 merchant and financial institution locations and 11,000 ATMs in 44 states and 11 countries. According to the Nilson Report (March 2010), the Company is the third largest U.S. merchant transaction acquirer. Learn more atwww.FTPSLLC.com.
SOURCE Fifth Third Processing Solutions, LLC
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