Trustly Selects Newline™ by Fifth Third to Drive Innovation in U.S. Payment Capabilities
Fifth Third Bank has announced a collaborative agreement between Newline™ by Fifth Third, an embedded payments platform, and Trustly, a global leader in Open Banking Payments. This partnership aims to drive innovation in payment capabilities, focusing on ACH and Real Time Payments (RTP) networks, as well as Trustly's pay-by-bank ecosystem.
Newline's API platform will enable Trustly to transmit payments directly via Fifth Third Bank. The collaboration will initially focus on deposits and withdrawals via ACH and RTP. This strategic partnership reflects a shared commitment to delivering frictionless, secure, and innovative financial solutions, with the goal of enhancing payment experiences for customers and meeting the growing demand for seamless transactions.
Fifth Third's commercial payments business currently processes $17 trillion in annual payments volume and serves 25% of the Fortune 100 companies.
Fifth Third Bank ha annunciato un accordo di collaborazione tra Newline™ by Fifth Third, una piattaforma per pagamenti integrati, e Trustly, un leader globale nei pagamenti bancari aperti. Questa partnership mira a stimolare l'innovazione nelle capacità di pagamento, con un focus sui network ACH e Real Time Payments (RTP), così come sull'ecosistema pay-by-bank di Trustly.
La piattaforma API di Newline consentirà a Trustly di trasmettere pagamenti direttamente tramite Fifth Third Bank. La collaborazione si concentrerà inizialmente su depositi e prelievi tramite ACH e RTP. Questa partnership strategica riflette un impegno condiviso nel fornire soluzioni finanziarie innovative, sicure e senza attriti, con l'obiettivo di migliorare l'esperienza di pagamento per i clienti e soddisfare la crescente domanda di transazioni senza soluzione di continuità.
Il settore dei pagamenti commerciali di Fifth Third gestisce attualmente $17 trilioni in volume di pagamenti annuali e serve il 25% delle aziende della Fortune 100.
Fifth Third Bank ha anunciado un acuerdo de colaboración entre Newline™ by Fifth Third, una plataforma de pagos integrados, y Trustly, un líder global en Pagos de Banca Abierta. Esta asociación tiene como objetivo impulsar la innovación en las capacidades de pago, centrándose en las redes ACH y Pagos en Tiempo Real (RTP), así como en el ecosistema de pago por banco de Trustly.
La plataforma API de Newline permitirá a Trustly transmitir pagos directamente a través de Fifth Third Bank. La colaboración se centrará inicialmente en depósitos y retiros a través de ACH y RTP. Esta asociación estratégica refleja un compromiso compartido para ofrecer soluciones financieras sin fricciones, seguras e innovadoras, con el objetivo de mejorar la experiencia de pago para los clientes y satisfacer la creciente demanda de transacciones sin inconvenientes.
El negocio de pagos comerciales de Fifth Third actualmente procesa $17 billones en volumen de pagos anuales y sirve al 25% de las empresas de Fortune 100.
Fifth Third Bank는 Newline™ by Fifth Third, 내장형 결제 플랫폼과 Trustly, 글로벌 오픈 뱅킹 결제의 선두주자 간의 협력 계약을 발표했습니다. 이번 파트너십은 ACH 및 실시간 결제(RTP) 네트워크와 Trustly의 결제 은행 생태계를 중심으로 결제 능력의 혁신을 촉진하는 것을 목표로 합니다.
Newline의 API 플랫폼은 Trustly가 Fifth Third Bank를 통해 직접 결제를 전송할 수 있게 합니다. 협력은 초기 단계에서 ACH 및 RTP를 통한 입출금에 초점을 맞출 것입니다. 이 전략적 파트너십은 고객을 위한 결제 경험을 개선하고 매끄러운 거래에 대한 증가하는 수요를 충족하기 위해 마찰 없는, 안전하고 혁신적인 금융 솔루션을 제공하려는 공동의 의지를 반영합니다.
Fifth Third의 상업 결제 사업은 현재 $17조의 연간 결제 규모를 처리하고 있으며, Fortune 100 기업의 25%에 서비스를 제공합니다.
Fifth Third Bank a annoncé un accord de collaboration entre Newline™ by Fifth Third, une plateforme de paiements intégrés, et Trustly, un leader mondial des paiements Open Banking. Ce partenariat vise à stimuler l'innovation dans les capacités de paiement, en se concentrant sur les réseaux ACH et Real Time Payments (RTP), ainsi que sur l'écosystème de paiement par banque de Trustly.
La plateforme API de Newline permettra à Trustly de transmettre des paiements directement via Fifth Third Bank. La collaboration se concentrera initialement sur les dépôts et les retraits via ACH et RTP. Ce partenariat stratégique reflète un engagement partagé à fournir des solutions financières sans friction, sécurisées et innovantes, avec l'objectif d'améliorer les expériences de paiement pour les clients et de répondre à la demande croissante de transactions fluides.
Le secteur des paiements commerciaux de Fifth Third traite actuellement $17 trillions en volume de paiements annuels et sert 25% des entreprises du Fortune 100.
Die Fifth Third Bank hat eine Kooperation zwischen Newline™ by Fifth Third, einer eingebetteten Zahlungsplattform, und Trustly, einem globalen Marktführer im Bereich Open Banking Payments, angekündigt. Diese Partnerschaft zielt darauf ab, Innovationen im Zahlungsverkehr voranzutreiben, insbesondere in Bezug auf ACH und Realtime Payments (RTP) Netzwerke sowie Trustlys Pay-by-Bank-Ökosystem.
Die API-Plattform von Newline wird es Trustly ermöglichen, Zahlungen direkt über die Fifth Third Bank zu übermitteln. Die Zusammenarbeit wird sich zunächst auf Einzahlungen und Abhebungen über ACH und RTP konzentrieren. Diese strategische Partnerschaft spiegelt ein gemeinsames Engagement wider, frictionless, sichere und innovative Finanzlösungen bereitzustellen, mit dem Ziel, die Zahlungserfahrungen der Kunden zu verbessern und dem wachsenden Bedarf an nahtlosen Transaktionen gerecht zu werden.
Das Geschäft mit kommerziellen Zahlungen von Fifth Third verarbeitet derzeit $17 Billionen an jährlichem Zahlungsvolumen und bedient 25% der Fortune 100 Unternehmen.
- Collaboration with Trustly, a global leader in Open Banking Payments, to drive innovation in payment capabilities
- Focus on ACH and Real Time Payments (RTP) networks, expanding Fifth Third's payment offerings
- Newline's API platform enables direct payment transmission via Fifth Third Bank
- Fifth Third's commercial payments business processes $17 trillion in annual payments volume
- Fifth Third serves 25% of the Fortune 100 companies
- None.
Insights
This collaboration between Trustly and Newline™ by Fifth Third is a strategic move in the evolving payments landscape. The integration of Trustly's pay-by-bank ecosystem with Newline's API platform could potentially accelerate payment processing and enhance user experience. While specific financial projections aren't provided, Fifth Third's existing
The technical synergy between Trustly and Newline™ is noteworthy. By leveraging Newline's API platform, Trustly can streamline payment transmission directly via Fifth Third Bank. This integration could potentially reduce latency and improve reliability in payment processing. The focus on ACH and Real Time Payments (RTP) networks aligns with the industry trend towards faster, more efficient money movement. The collaboration's emphasis on innovation suggests potential for developing cutting-edge payment solutions. However, the success of this initiative will depend on the seamless integration of their respective technologies and the ability to scale effectively to meet growing demand.
This partnership positions Fifth Third and Trustly to capitalize on the growing demand for seamless payment experiences. The collaboration aligns with the broader trend of Open Banking adoption and the increasing preference for bank-to-bank transfers. By focusing on ACH and RTP networks, they're addressing a key market need for faster transactions. Fifth Third's existing relationship with
Working together, Trustly and Newline will drive innovation across the money movement landscape, including payments via the Automated Clearing House (ACH) and Real Time Payments (RTP) networks, and Trustly’s pay-by-bank ecosystem. The first payment products on which the parties will collaborate are deposits and withdrawals via ACH and RTP.
Newline’s API platform enables Trustly to transmit payments directly via Fifth Third Bank. Trustly aims to scale its payment products in collaboration with Fifth Third to meet the growing demand for seamless, reliable payment experiences.
“The Trustly team are pioneers in the payments industry and innovators in the pay-by-bank space. Our collaboration thrives because of our mutual commitment to cutting edge leadership. We look forward to shaping the future of payments together,” said Tom Bianco, general manager of Newline™ by Fifth Third.
“We’re thrilled to collaborate with Newline to further enhance the payment experience for our customers,” said Eric Foust, vice president of banking partnerships at Trustly. “This strategic agreement reflects our shared dedication to delivering frictionless, secure, and innovative financial solutions. Together, we'll continue to focus on producing user-centric banking experiences and raising the standard for digital payments.”
Fifth Third’s commercial payments business currently processes
About Newline™ by Fifth Third Bank
Newline is an API platform that enables enterprises to launch payment, card, and deposit products directly with Fifth Third Bank. Launched after Fifth Third’s acquisition of Rize Money in 2023, Newline has reinvented bank technology and embedded payments, combining the best in fintech innovation with a trusted banking relationship.
About Trustly
Trustly was launched in 2008 and has grown rapidly over the past 16 years to become a global leader in Open Banking Payment solutions. With a mission to make online payments as seamless as possible, Trustly offers an innovative payment platform, bridging the gap between consumers and merchants. Its technology ensures that transactions are processed in real-time, providing both speed and security for all parties involved.
Trustly's dedication to revolutionizing the payments industry is reflected in its partnerships with major brands such as PayPal, eBay, and Hargreaves Lansdown in
About Fifth Third
Fifth Third is a bank that’s as long on innovation as it is on history. Since 1858, we’ve been helping individuals, families, businesses and communities grow through smart financial services that improve lives. Our list of firsts is extensive, and it’s one that continues to expand as we explore the intersection of tech-driven innovation, dedicated people and focused community impact. Fifth Third is one of the few
Fifth Third Bank, National Association is a federally chartered institution. Fifth Third Bancorp is the indirect parent company of Fifth Third Bank, and its common stock is traded on the NASDAQ® Global Select Market under the symbol "FITB." Investor information and press releases can be viewed at www.53.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240905820198/en/
Adrienne Gutbier (Media Relations)
adrienne.gutbier@53.com | 513-534-8038
Matt Curoe (Investor Relations)
matt.curoe@53.com | 513-534-2345
Abby Duke (Trustly Public Relations)
abby.duke@trustly.com | 872-335-8618
Source: Fifth Third
FAQ
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