FIFTH THIRD REPLACES BNY AS DIRECT EXPRESS PARTNER
https://s.yimg.com/ny/api/res/1.2/fiy.Fe4fSvOrp3ZMGM5z2A--/YXBwaWQ9aGlnaGxhbmRlcjt3PTEyMDA7aD02NzU-/https://media.zenfs.com/en/banking_dive_717/b615866f4f82a6892ced6682c2b4693a
✍️ Fifth Third has been chosen by the Treasury Department's Fiscal Service Bureau as the financial agent and issuing bank to manage the Direct Express prepaid card program.
👉 Fifth Third has been chosen as the financial agent and issuing bank to manage the Direct Express prepaid card program 👉 The program serves about 3.4 million Americans, most of whom are unbanked 👉 Fifth Third will offer new features such as virtual cards, cardless ATM access, and digital wallet integration 👉 The bank may take a material impairment charge of between $170 million and $200 million due to alleged external fraudulent activity
-- #TimGribben #TimSpence #BridgitChayt #CurtFarmer #ScottSiefers #VivekJuneja #Cincinnati #Dallas #business
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