From the Fifth Third Bancorp 2022 Sustainability Report: Enhanced Products and Services for a New Age of Commercial Banking

Just as we keep our consumer customers at the center, the same level of attention and priority is given to our business clients. Fifth Third’s Treasury Management business, for example, offers solutions that help clients manage their cash flow to efficiently collect and disburse payments, manage liquidity and mitigate risk.

Payable solutions such as Expert AP help our clients control their payments and improve access to payment information. Expert AP is an innovative, full-service business-to-business payables solution. It covers 100% of clients’ domestic payables and optimizes the payment mix. It helps Accounts Payable departments run more efficiently and impacts their bottom line. Our clients’ suppliers also benefit with additional payment and enhanced data options.

Receivables solutions help our clients receive funds more efficiently, gain better insight into their cash position and make informed investing and borrowing decisions. Solutions such as Expert AR Receivables Matching, Expert AR Statement Production, Real-Time Payments and Cash Logistics create operational backroom efficiencies that enable clients to focus on projects that power business performance.

Fifth Third also offers liquidity management solutions that help clients channel their balances into investment income and improve cash position forecasting; information management tools that put comprehensive reporting in our clients’ hands so they have the data they need when they want it; and risk management solutions that provide fraud mitigation tools that help safeguard clients’ financial information from fraud.

Fifth Third’s Embedded Payments business, within the Treasury Management group, enables payment capabilities to be placed directly at the point of need to power our clients’ products. We help our clients deliver value to their customers by natively integrating payment functionality into their software and digital experience. Our Embedded Payment solutions help our clients build robust and scalable offerings and experiences for their customers. In addition, our Embedded Payments team helps facilitate the flow of electronic or digital commerce with our card and merchant services offerings. This includes:

• Credit and debit card issuance.
• Merchant acquiring services.
• Digital experiences to adopt new payment technologies (application programming interfaces or APIs).
• API-based payment and information reporting integrations for digital/ software experiences (real-time payments, etc.).

For more information about Fifth Third’s innovative and inclusive products for consumers and business clients, read the full 2022 Sustainability Report.